The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil. On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Meta disclosed that it would use the proceeds of the offering for working capital and the development of products, such as NANOWEB, Vlepsis and KolourOptik. If this amount of shares were to be offered, total shares outstanding would reach 479.89 million. ![]() At the time of the announcement, Meta estimated that it would offer 117.64 million shares based on the closing price of 85 cents on Feb. Shares of MMAT fell sharply following the announcement of an up to $100 million common stock offering on Feb. Including today, March 15, that means that MMAT has not closed above $1 for 27 consecutive business days. The price of MMAT has not closed above $1 since Feb. Securities and Exchange Commission (SEC) filings does not yet show any receipt of the notification. If the price of MMAT is below $1 for 30 consecutive business days, then the Nasdaq will again notify the company of noncompliance.īased on the current price action, it appears that MMAT will soon receive this notification. ![]() However, MMAT has now drifted below $1 again. In order to regain compliance, the price of MMAT stock had to be at or above $1 for at least 10 consecutive business days before the deadline.īetween November and December of last year, the price of MMAT was consistently above $1. ![]() (the 'Company' or 'META') (NASDAQ:MMAT, FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned sale or spinout of these. The company was given 180 calendar days, or until Feb. HALIFAX, NS / ACCESSWIRE / Decem/ Meta Materials Inc. (the 'Company' or 'META®') (NASDAQ:MMAT, FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced that its board of directors has. 25, 2022, the Nasdaq notified Meta Materials of its noncompliance with the $1 minimum price guideline. Meta Materials Distances Itself From CEO’s Statement
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