Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
28 Juni 2023 - 4:41PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2023
Commission File Number: 001-38766
MMTEC, INC.
(Translation of registrant’s name into
English)
c/o MM Future Technology Limited
Room 2302, 23rd Floor
FWD Financial Center
308 Des Voeux Road
Central
Sheung Wan, Hong Kong
Tel: + 852 36908356
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form
40-F ☐
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
Yes ☐ No
☒
If “Yes” is marked, indicate below the file number assigned
to the registrant in connection with Rule 12g3-2(b): 82-________.
On June 27, 2023, MMtec, Inc. (the “Company”)
received a letter (the “Notification Letter”) from the Listings Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”)
notifying the Company that the minimum closing bid price per share for its common stock was below $1.00 for a period of 30 consecutive
business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Notification
Letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market.
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A),
the Company has a compliance period of 180 calendar days, or until December 26, 2023 (the “Compliance Period”), to regain
compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share
of the Company’s common stock is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written
confirmation of compliance and the matter will be closed.
In the event the Company does not regain compliance
by December 26, 2023, the Company may be eligible for an additional 180 calendar day period to regain compliance. To qualify, the Company
will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards
for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention
to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary. If the Company
chooses to implement a reverse stock split, it must complete the split no later than ten business days prior to the expiration of the
second compliance period.
On June 28, 2023, the Company issued a press
release announcing receipt of the Notification Letter. A copy of the please release is filed as Exhibit 99.1 to this Report on Form 6-K
and is incorporated herein by reference.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto
duly authorized.
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MMTEC, INC. |
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By: |
/s/ Min Kong |
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Min Kong, Chief Financial Officer |
Date: June 28, 2023
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