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MTC

MTC US Stock
$1.7
Open: $1.68 High: $1.77 Low: $1.63 Close: $1.65
Range: 2021-04-19 - 2021-04-20
Volume: 244,038
Market: Extended-hours
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MTC
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MTC News
Latest news about the MTC
  • MMTEC Raises $15.9M At 18% Discount

    China’s MMTEC, Inc. (NASDAQ: MTC) priced 4.3 million shares at $3.70 per share to raise $15.9 million in a secondary offering. The offer price signifies an 18% discount on the Friday closing price. The offering proceeds will be utilized for growth capital and general working capital purposes and is estimated to close by February 24, 2021. A.G.P./Alliance Global Partners is the placement agent for the offering. MTC’s stock has gained 315% in the last quarter. The company posted a loss from operation of $1.04 million for the six months ended June 30, 2020, amidst escalating trade tensions between U.S. and China. Loss per share stood at $0.05. The closing cash balance stood at $1.8 million, and operating cash flow stood at $1.1 million. Price action: MTC shares are down 9.6% at $4.08 on the last check Monday. See more from BenzingaClick here for options trades from BenzingaMaxeon Names Micron's Kai Strohbecke As Finance ChiefSilicon Labs Explores Analog Business Divestment To Focus On IoT: Bloomberg© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • MMTEC, Inc. Announces Entry Into Agreement for Registered Direct Placement of $15.9 Million of Common Shares

    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 it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 4,300,000 common shares at a purchase price of $3.70 per share in a registered direct offering. The gross proceeds of the offering will be approximately $15.9 million before deducting placement agent fees and other estimated offering expenses. The closing of the offering is expected to occur on or about February 24, 2021, subject to the satisfaction of customary closing conditions.

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  • MMTEC, Inc. Announces Half Year 2020 Unaudited Financial Results

    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 its unaudited financial results for the six months ended June 30, 2020.

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  • MMTec, Inc. Issues Corrective Press Release on Consulting Agreement with Hitek Global Inc.

    MMTEC, Inc. (NasdaqCM: MTC), a China-based technology company that provides access to the U.S. financial markets (the "Company") announced today that the press release issued on August 10, 2020 concerning the Company's three-month Consulting Agreement with Hitek Global Inc. ("Hitek") contained an inadvertent error. Under the terms of the Consulting Agreement, the Company will provide M&A;, investment, financial and strategic planning advice to Hitek in consideration for a consulting fee of $750,000 to be received by the Company on execution of the Consulting Agreement.

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  • MMTEC, INC. Engages Hitek Global to Expand Its Advisory and Research Capabilities

    MMTEC, Inc. (NasdaqCM:MTC), a China based technology company that provides access to the U.S. financial markets (the "Company") announced today that it signed a three-month Consulting Services Agreement engaging Hitek Global Inc. to provide M&A;, investment, financial and strategic planning advice to the Company in consideration for a consulting fee of $750,000. The Company believes this engagement will allow it to expand its investment banking team in China, to conduct in-depth investment research in new industries and fields, including healthcare, financial information services, among others, and to coach and assist Chinese companies with various corporate and capital markets access matters.

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  • We Think Mmtec (NASDAQ:MTC) Can Afford To Drive Business Growth

    We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...

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  • MMTEC, INC. Announces 2019 Year-End Financial Results

    MMTEC, Inc. (NasdaqCM:MTC) ("MMTec" or the "Company") a China based technology company that provides access to the U.S. financial markets announced its financial results for the year ended December 31, 2019.

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