MMTEC, Inc. Announces $6 Million Equity Line Financing

BEIJING, Aug. 10, 2022 /PRNewswire/ -- MMTEC, Inc. ("MMTEC" or the "Company") (Nasdaq:MTC) entered into a common stock purchase agreement (the "Purchase Agreement"), with VG Master Fund SPC ("Investor"), under which, subject to specified terms and conditions, the Company may sell to Investor up to $6.0 million of shares of common stock, par value $0.01 per share, from time to time during the term of the Purchase Agreement.