MEGA MATRIX CORP. ANNOUNCES NYSE AMEX Ticker Symbol Change from MTMT to MPU

Rhea-AI Summary

Mega Matrix Corp. (NYSE American: MTMT) announced a change in its ticker symbol from "MTMT" to "MPU," effective February 6, 2023. This decision aims to better align with the brand identity of the company's digital assets staking business, MarsProtocol. CEO Yucheng Hu expressed excitement regarding the change, emphasizing its significance for their operations. Existing shareholders need not take any action, as the common stock will continue to be listed on the NYSE AMEX, with the CUSIP remaining unchanged. Mega Matrix is a holding company based in Palo Alto, California, focusing on staking services and aircraft operations through its subsidiaries.

Positive

• Ticker symbol change to 'MPU' aligns with brand identity of MarsProtocol.
• No action required from existing shareholders, ensuring a smooth transition.
• Continued listing on NYSE AMEX indicates stability in market presence.

Negative

• None.

PALO ALTO, Calif., Jan. 27, 2023 (GLOBE NEWSWIRE) -- Mega Matrix Corp. (“MTMT” or the “Company”) (NYSE American: MTMT), today announced that it will be changing its ticker symbol from “MTMT” to “MPU”. Effective on Monday, February 6, 2023, the Company’s common shares will trade on the NYSE American (NYSE AMEX) under the new symbol “MPU”.

“We are very excited about changing our ticker symbol to “MPU” as it will more closely align with our MarsProtocol brand for our digital assets staking business,” said Mr. Yucheng Hu, CEO of Mega Matrix Corp.  

No action is required by existing shareholders of the Company with respect to the ticker symbol change. The Company’s common stock will continue to be listed on the NYSE AMEX and the CUSIP will remain unchanged.

About Mega Matrix: Mega Matrix Corp. (the “Company”) is a holding company located in Palo Alto, California with four subsidiaries: Saving Digital Pte. Ltd., a Singapore corporation (“Saving”), MarsProtocol Inc., an exempted company incorporated under the laws of the Cayman Islands, Mega Metaverse Corp., a California corporation (“Mega”) and JetFleet Management Corp. a California corporation (“JetFleet”). The Company engage in solo-staking and provide staking as a service (“StaaS”) services through its staking platform “MarsProtocol,” and will continue to focus on third-party management service contracts for aircraft operations through our majority owned subsidiary JetFleet, which was part of our legacy business. For more information, please visit: http://www.mtmtgroup.com and http://www.Marsprotocol.com.

FAQ

What is the new ticker symbol for Mega Matrix Corp.?

The new ticker symbol for Mega Matrix Corp. is 'MPU', effective February 6, 2023.

Why did Mega Matrix Corp. change its ticker symbol?

Mega Matrix Corp. changed its ticker symbol to better align with its MarsProtocol brand for its digital assets staking business.

Will existing shareholders need to do anything regarding the ticker change?

No, existing shareholders do not need to take any action as the common stock will continue to be listed under the new symbol.

Where can I find more information about Mega Matrix Corp.?

More information about Mega Matrix Corp. can be found on their website at http://www.mtmtgroup.com.

What services does Mega Matrix Corp. provide?

Mega Matrix Corp. provides solo-staking and staking as a service (StaaS) through its MarsProtocol platform.