MMTEC, INC. ANNOUNCES A PAUSE ON FINANCING ACTIVITIES IN THE NEXT SIX MONTHS

May 8, 2024

https://www.prnewswire.com/news-releases/mmtec-inc-announces-a-pause-on-financing-activities-in-the-next-six-months-302139393.html

HONG KONG, May 8, 2024 /PRNewswire/ — MMTEC, Inc. (“MMTEC” or the “Company”) (Nasdaq: MTC), announced that it will suspend the acceptance of new investments and pause the Company’s capital raising activities for the next six months. In light of the Company’s current capital position, combined with a comprehensive assessment of the current market environment and our business operations, our management team has decided to suspend the Company’s financing plans for the next six months. During this period, the Company will neither seek nor accept new investments.

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