- MMTEC ( NASDAQ: MTC ) entered into a common stock purchase agreement with VG Master Fund SPC wherein the company may sell to investor up to $6M, par value $0.01/share, during the term of the purchase agreement.
- The company entered into a registration rights agreement with Investor covering the stock issued to investor under the purchase agreement.
- Net proceeds will depend on the frequency of sales and the number of shares sold; any net proceeds received from such sales to investor will be used for general corporate purposes, including working capital.
For further details see:
MMTEC announces $6M in equity line financing