MMTec Extends Promissory Note Maturity Date to 2029
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 27 2024
0mins
Source: Business Insider
MMTec Financial Update: MMTec, Inc. has extended the maturity date of its Senior Convertible Promissory Notes to March 31, 2029, and reduced the interest rate to 2% per annum, aiming to enhance financial flexibility and stakeholder relations.
Market Performance: The company's year-to-date price performance is down by 80.25%, with a current market cap of $39.33 million and a strong buy consensus rating from analysts.
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Analyst Views on MTC
About MTC
Mmtec Inc is a holding company primarily engaged in the provision of comprehensive, Internet-based technology services and solutions to the Chinese language speaking hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms engaging in securities market transactions and settlements globally. The Company conducts its businesses through two segments. The Gujia, MM Future and HC Securities segment is engaged in providing market data services and consulting services. The MM Global segment provides clearing brokerage trading services. System and solutions include securities dealers trading support system and private fund investment management system. Financial technology solutions include modular website building, online account opening system, modular personal computer-based (PC-based) trading clients and mobile application (APP) trading clients for retail customers and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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