Meta Materials Announces Workforce Reduction [Yahoo! Finance]
Meta Materials Inc. (MMAT)
Company Research
Source: Yahoo! Finance
company, today announced that the Company's Board of Directors approved a workforce reduction of approximately 80% of its employees, which is expected to be completed over the next few weeks. This difficult decision is in response to challenges associated with liquidity and securing additional financing. The Company continues to evaluate all available strategic alternatives including, but not limited to, the divestiture of assets, additional financing security and/or the sale of the Company. While all efforts are being expended in this pursuit, no assurances can be made currently regarding the outcome. Without an influx of cash to support operations, the Company faces financial hardship that may result in shuttering facilities and/or bankruptcy proceedings. About Meta Materials Inc. Meta Materials Inc. (META) is an advanced materials and nanotechnology company. We develop new products and technologies using innovative sustainable science. Advanced materials can improve everyday
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MMAT
News
- Meta Materials Announces Update on Naked Short Selling Investigation [Yahoo! Finance]Yahoo! Finance
- Meta Materials Announces Update on Naked Short Selling InvestigationAccesswire
- Levi & Korsinsky, LLP Notifies Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) an Upcoming Claims Deadline in a Class Action SettlementAccesswire
- Shareholders that lost money on Next Bridge Hydrocarbons, Inc. Urged to Join Class Action - Contact Levi & Korsinsky to Learn MoreAccesswire
- Investors who lost money on Next Bridge Hydrocarbons, Inc. should contact Levi & Korsinsky about pending Class ActionAccesswire
MMAT
Earnings
- 11/13/23 - Beat
MMAT
Sec Filings
- 5/13/24 - Form 10-Q
- 5/3/24 - Form 8-K
- 4/29/24 - Form 10-K/A
- MMAT's page on the SEC website