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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.
This decision aims to optimize our strategic layout, rationalize the allocation of resources, and adjust our operational strategy to improve operational efficiency and ensure the long-term and steady development of the Company, with a view to better serve our shareholders and partners. We would like to express our sincere gratitude to all potential investors for their continuous attention and trust. We are continuously tracking market dynamics and will look for an opportune time to restart our capital raising activities.
Posted In: MTC
