I meant Mtc


Aime
Apologies for the confusion. Since the Share Transfer Commitment Letter for Secured Promissory Note is between FLJ Group Limited (FLJ) and MMTEC, Inc. (MTC), any potential impact on Macerich's stock price would be more directly related to MTC's actions and the terms of the agreement.
- MTC's Share Transfer Option: If MTC decides to exercise its option to transfer the shares of FLJ to Macerich, this could have a negative impact on Macerich's stock price. The reason is that the transfer price per share will be at a discount between 20% to 70% on the market price, which could be perceived as a negative development for Macerich's investment or a sign of potential trouble with FLJ.
- Investor Sentiment: The commitment letter's provisions, including the potential for a significant discount in the share transfer, could lead to negative investor sentiment towards Macerich. Concerns about the financial health of FLJ or the viability of the investment could drive down Macerich's stock price.
- Market Dynamics: The impact on Macerich's stock price would also depend on broader market conditions and investor confidence in the retail sector, particularly in light of the challenges faced by many companies in this industry due to the COVID-19 pandemic.
In conclusion, while the Share Transfer Commitment Letter for Secured Promissory Note may have some bearing on Macerich's stock price, its actual impact would be influenced by a combination of MTC's actions, investor sentiment, and market dynamics. The discount on the share transfer price could potentially lead to a negative reaction from investors, but the overall outcome is difficult to predict without considering additional factors.
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