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Meta Materials

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finance2 years ago•4 min saved

Meta Materials Secures Top Talent and Skyrockets in Stock Market

Meta Materials Inc. has retained the law firm Christian Smith & Jewell to investigate allegations of naked short selling of its stock. The company completed an initial trading analysis with ShareIntel Shareholder Services, which identified potential trade imbalances in the trading of Meta Materials' shares. Christian Smith & Jewell has a track record of representing companies facing challenges related to illegal naked short selling and fraudulent activities.

via Yahoo Finance|

#christian-smith-and-jewell #finance #meta-materials

finance2 years ago•4 min saved

Meta Materials' Recovery Prospects Boosted by Underwritten Public Offering Pricing.

Meta Materials has priced an underwritten public offering of 83,333,334 shares of its common stock and warrants to purchase up to an aggregate of 83,333,334 shares of common stock at a combined public offering price of $0.30 per share and accompanying warrant. The gross proceeds of the offering are expected to be approximately $25 million before deducting the underwriting discount and estimated offering expenses payable by META, assuming no exercise of the underwriters' overallotment option. META intends to use the net proceeds from the offering for working capital and general corporate purposes.

via Yahoo Finance|

#common-stock #finance #meta-materials

business2 years ago•0 min saved

Meta Materials' proposed public offering causes stock plunge.

Meta Materials plans to offer an unspecified amount of common shares and warrants in a public offering, causing a -13.7% drop in its stock price. The proceeds will be used for working capital and development of existing and future products, including NPORE and NCORE for Li-ion battery applications.

via Seeking Alpha|

#business #common-shares #li-ion-battery-applications