MMTEC, Inc. Announces Receipt of Nasdaq Decision Regarding Minimum Bid Price Deficiency

Rhea-AI Summary

MMTEC (NASDAQ: MTC) received a Nasdaq Decision Letter after an earlier Determination Letter had advised Nasdaq planned to delist the company's securities for failing the $1.00 minimum bid requirement and for ineligibility for the 180-day cure period following a 1-for-8 reverse stock split.

The Nasdaq Hearings Panel reviewed the company's request, accepted Nasdaq staff's recommendation and found the company in compliance with the Bid Price Rule, placing MMTEC under a one-year Panel Monitor effective from the Decision Letter date. The Nasdaq Listing Council has a 45-calendar-day window to seek review.

Positive

• Panel found MMTEC in compliance with the Bid Price Rule
• Company placed under a one-year Panel Monitor starting from the Decision Letter date
• Nasdaq staff recommended compliance after stock remained >$1.00 since November 6, 2025

Negative

• Nasdaq had issued a delisting Determination for failing the $1.00 minimum bid requirement
• 1-for-8 reverse stock split on December 18, 2024 made the company ineligible for the 180-day cure period

Key Figures

Minimum bid requirement $1.00 per share Nasdaq Listing Rule 5550(a)(2) continued listing standard

Price change 12.55% Change over prior 24 hours before this news

Current price $2.60 Price before publication, vs $1.00 bid rule

Reverse stock split ratio 1-for-8 Reverse split effected on December 18, 2024

Monitoring period 1 year Panel Monitor duration from Decision Letter date

Listing Council review window 45 calendar days Period in which Nasdaq Listing Council may review Panel decision

Compliance since November 6, 2025 Date since stock maintained closing bid above $1.00 per Staff

Consecutive days below bid 30 business days Period triggering original minimum bid price deficiency

Market Reality Check

$2.60 Last Close

Volume Volume 101,358 is well below 20-day average 593,546 (relative volume 0.17x). low

Technical Price at $2.60 is trading above the $1.16 200-day moving average.

Peers on Argus 1 Up

MTC gained 12.55% while key software peers showed mixed, modest moves (e.g., HTCR +1.21%, IPM -5.21%), pointing to a stock-specific reaction rather than a sector-wide move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Oct 28	Nasdaq deficiency notice	Negative	-0.3%	Nasdaq determination to delist shares for failing $1.00 bid requirement.

Pattern Detected

Limited history: past Nasdaq deficiency news saw a mild negative reaction that aligned with the negative tone.

Recent Company History

On Oct 28, 2025, MMTEC disclosed a Nasdaq delisting determination tied to failure to meet the $1.00 minimum bid under Rule 5550(a)(2), with trading at risk of suspension on Nov 5, 2025 absent an appeal. That update carried a negative compliance overhang and the stock fell 0.25%. Today’s decision letter instead confirms compliance with the bid price rule and a one-year Panel Monitor, effectively reversing that prior delisting risk.

Market Pulse Summary

The stock is up +8.8% following this news. A strong positive reaction aligns with the removal of immediate delisting risk and confirmation of compliance with the $1.00 bid rule. The stock traded at $2.60, up 12.55%, and already sat above its $1.16 200-day moving average, so the decision reinforced an improving price trend. However, prior headlines showed sensitivity to Nasdaq listing status, and future reviews by the Listing Council within 45 days could reintroduce uncertainty.

Key Terms

minimum bid price regulatory

"the minimum closing bid price per share for the Company's common stock was below the $1.00"

The minimum bid price is the lowest share price that a market, regulator, or specific offering will accept for a trade, listing, or auction—think of it as a reserve or floor that a stock must meet to qualify for certain actions. It matters to investors because falling below that floor can limit trading options, trigger compliance measures or delisting risks, and affect liquidity and the perceived value of a holding, much like a reserve price in an auction sets the baseline for a sale.

reverse stock split financial

"because the Company effected a one-for-eight reverse stock split on December 18, 2024"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

Nasdaq Hearings Panel regulatory

"requested a hearing before a Nasdaq Hearings Panel (the "Panel") to appeal this determination"

A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.

AI-generated analysis. Not financial advice.

HONG KONG, Dec. 11, 2025 /PRNewswire/ -- MMTEC, Inc. (NASDAQ: MTC) ("MMTEC", "we", "our" or the "Company"), a China-based technology company that provides access to the U.S. financial markets, today announced that on December 9, 2025, the Company received a decision letter (the "Decision Letter") from the Nasdaq Hearings Panel of The Nasdaq Stock Market LLC ("Nasdaq"). The Company previously received a determination letter (the "Determination Letter") which advised that for the 30 consecutive business days prior to the date of the Determination Letter the minimum closing bid price per share for the Company's common stock was below the $1.00 per share requirement for continued listing under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule"). In addition, because the Company effected a one-for-eight reverse stock split on December 18, 2024, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Company was not eligible for the 180-calendar day compliance period otherwise available under Nasdaq Listing Rule 5810(c)(3)(A).  As a result, the Determination Letter stated that Nasdaq had determined to delist the Company's securities from The Nasdaq Capital Market.

The Company subsequently requested a hearing before a Nasdaq Hearings Panel (the "Panel") to appeal this determination, as it had a right to. In its pre-hearing submission, Nasdaq's Listing Qualifications Department staff (the "Staff") suggested that the Panel find the Company in compliance with the Bid Price Rule as the Company's stock had maintained a closing bid price of above $1.00 since November 6, 2025. The Staff also recommended that the Panel impose a one-year discretionary monitor (the "Panel Monitor").

On December 8, 2025, counsel for the Company requested that the hearing be canceled and the Company found in compliance and placed under a Panel Monitor as requested by Staff.

The Panel has reviewed and approved the request finding the Company in compliance with the Bid Price Rule and placing it under a Panel Monitor for a one-year period from the date of the Decision Letter.

The Nasdaq Listing and Hearing Review Council may, on its own motion, determine to review any Panel decision within 45 calendar days after issuance of the written decision. If the Listing Council determines to review the decision, it may affirm, modify, reverse, dismiss or remand the decision to the Panel. The Company will be immediately notified in the event the Listing Council determines that this matter will be called for review.

This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a delisting determination.

About MMTEC, Inc.

Headquartered in Hong Kong Special Administrative Region, our Company mainly focuses on investment banking and asset management business, providing customers with one-stop and all-round financial services.

More information about the Company can be found at: www.haisc.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may", "will", "intend", "should", "believe", "expect", "anticipate", "project", "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company's statements regarding its ability to regain compliance with the Bid Price Rule, its continued growth, its business outlook, and other similar statements are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission, including the Company's most recently filed Annual Report on Form 20-F and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

View original content:https://www.prnewswire.com/news-releases/mmtec-inc-announces-receipt-of-nasdaq-decision-regarding-minimum-bid-price-deficiency-302638896.html

SOURCE MMTEC, Inc.

FAQ

What did Nasdaq decide for MMTEC (MTC) on December 9, 2025?

Nasdaq's Hearings Panel found MMTEC in compliance with the $1.00 bid rule and placed the company under a one-year Panel Monitor.

Why was MMTEC originally subject to a delisting determination by Nasdaq?

A Determination Letter said the company's closing bid price had been below $1.00 for 30 consecutive business days, triggering a delisting determination.

How did the December 18, 2024 reverse stock split affect MMTEC's Nasdaq compliance options?

The 1-for-8 reverse split made MMTEC ineligible for the 180-calendar-day compliance period under Nasdaq Listing Rule 5810(c)(3)(A).

What is a Panel Monitor and how long will MMTEC be monitored?

The Panel Monitor is a discretionary compliance oversight imposed by Nasdaq; MMTEC will be monitored for one year from the Decision Letter date.

Can Nasdaq review the Panel's decision on MMTEC (MTC)?

Yes. The Nasdaq Listing and Hearing Review Council may review the Panel decision on its own motion within 45 calendar days after the written decision.