Nasdaq Delists MMTEC Over Reverse Stock Split and Financial Distress

MMTEC (MTC) faces delisting from Nasdaq due to non-compliance with listing requirements. The company operates in the technology sector and provides internet-based solutions primarily to Chinese-speaking financial entities. MMTEC's financial health is concerning, with significant negative margins and a high risk of financial distress. The company's recent delisting notice highlights the urgent need for strategic realignment to improve its financial health and market positioning.