STOCK TITAN

Meta Materials Inc - MMAT STOCK NEWS

Welcome to our dedicated news page for Meta Materials (Ticker: MMAT), a resource for investors and traders seeking the latest updates and insights on Meta Materials.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Meta Materials's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Meta Materials's position in the market.

Rhea-AI Summary
Meta Materials Inc. (NASDAQ:MMAT) has entered into a definitive agreement for a registered direct offering, selling 850,000 shares of common stock and warrants for gross proceeds of $3.4 million. The offering is priced at $4.04 per share, with warrants exercisable at $3.91 per share, expiring in five years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.06%
Tags
offering
-
Rhea-AI Summary
Meta Materials Inc. (NASDAQ:MMAT) has regained compliance with the minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2), leading to the cancellation of the previously scheduled hearing by the Nasdaq Hearings Panel. The company is now in full compliance with Nasdaq listing requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.55%
Tags
none
-
Rhea-AI Summary
Meta Materials Inc. (MMAT) announced preliminary results for the fourth quarter of 2023, revealing a 55% increase in revenue compared to the prior year. Operating expenses were down 35% from the fourth quarter of 2022, excluding non-cash asset impairment. Cash and cash equivalents totaled $10.3 million, with a focus on core business lines, including authentication, VLEPSIS, NANOWEB, and battery materials. The company is aiming for revenue growth in 2024 across these business lines, with a strong capital position and plans to monetize non-core assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11900%
Tags
earnings
Rhea-AI Summary
Meta Materials Inc. (MMAT) announced the distribution of newly designated Series C Preferred Stock to holders of its common stock and voting rights. Each outstanding share of Series C Preferred Stock will have 1,000 votes per share and will be redeemed if not present at the meeting of stockholders. The stock will be uncertificated and transferable only in connection with a transfer of common stock. More details will be available in a Form 8-K filing with the SEC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.29%
Tags
none
-
Rhea-AI Summary
Meta Materials Inc. (MMAT) announced a 1-for-100 reverse stock split to regain compliance with the Nasdaq minimum closing price requirement. The split will reduce outstanding shares from 564 million to 5.64 million and authorized shares from 1 billion to 10 million, with no change in par value. The split will take effect on January 29, 2024, and the stock will continue to trade on the Nasdaq under the symbol 'MMAT' with a new CUSIP number.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.29%
Tags
stock split
-
Rhea-AI Summary
Meta Materials Inc. (META) announced a proposed SEC settlement regarding an investigation by the Securities and Exchange Commission (SEC) related to a merger involving Torchlight Energy Resources, Inc. and Metamaterial Inc. The settlement, subject to approval by the SEC Commissioners, involves a cease-and-desist order and a civil money penalty of $1 million in four installments over one year. The Company believes the settlement is in the best interests of its shareholders, aiming to remove uncertainty and allow the business to progress.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Meta Materials Inc. (META) released a message to shareholders addressing their concerns. The company is focused on providing candid answers to the most pressing concerns of its shareholders, including updates on short-selling/FINRA concerns and plans for future growth and success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Meta Materials Inc. (MMAT) provided clarification on the potential impacts of Proposal 3: Approval of a Reverse Stock Split, to be voted on at the 2023 Annual Meeting of Stockholders. The reverse split is aimed at maintaining the Company's Nasdaq listing and is contingent on shareholder approval. The Board believes it is necessary to facilitate technology production, manufacturing, and sales. Shareholder support is crucial for the success of this proposal.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Meta Materials Inc. (META) announced a registered direct offering of 75.0 million shares of common stock at an offering price of $0.08 per share, along with warrants to purchase 75.0 million shares at an exercise price of $0.095 per share. The gross proceeds are expected to be $6.0 million, with the net proceeds intended for technology commercialization, sales efforts, and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-36.36%
Tags
offering
Rhea-AI Summary
Meta Materials Inc. (MMAT) announced that its QUANTUM stripe authentication product won two awards (Best Origination and Best in Show) at the 2023 International Hologram Manufacturers Association - IHMA Awards. The QUANTUM stripe is a revolutionary banknote security product based on META's award-winning KolourOptik technology, ensuring next-generation security and authentication in banknote production. According to a Banknote Industry News survey, the volume of banknotes in circulation grew by 4.5% in 2022 on a global basis compared with 2021, and is expected to reach nearly $22.9 billion by 2027. META's CEO Uzi Sasson emphasized the industrial applications of their authentication products within banknote, ID, and brand markets, highlighting their strategic focus on sales, marketing, and R&D among their core business lines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Meta Materials Inc

Nasdaq:MMAT

MMAT Rankings

MMAT Stock Data

18.94M
4.33M
14.52%
6.78%
12.61%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Dartmouth

About MMAT

metamaterial technologies inc. (mti) is a smart materials and photonics company that is changing the way we use, interact, and benefit from light. it designed a new class of multi-functional materials—also known as metamaterials—with engineered properties that go beyond what is found in nature. mti has created a new patented platform technology, which has been developed using a variety of smart materials that are capable of dramatically changing the way light can be manipulated. these thin-films can either absorb, block or enhance light the company specializes in metamaterials, nanofabrication, theoretical and computational electromagnetics; bridging the gap between the theoretical and the possible. with in-house design, access to world-class nanocomposite researchers, and nanofabrication expertise, mti is able to develop a wide array of metamaterial applications that encompass several industries including aerospace and defense.