Brief: Meta Materials Inc Clarifies Potential Impacts Of Reverse Stock Split Proposal

Meta Materials

05/12/2023 13:31

Dec 5 (Reuters) - Meta Materials Inc  MMAT.O :
    * META MATERIALS INC - CLARIFIES POTENTIAL IMPACTS OF
REVERSE
STOCK SPLIT PROPOSAL
    * META MATERIALS INC - REVERSE SPLIT MAY BE NECESSARY TO
MAINTAIN
COMPANY'S NASDAQ
    * META MATERIALS-TO MAINTAIN NASDAQ LISTING,REVERSE SPLIT IS
BEST
ACHIEVED WITH SHAREHOLDER APPROVAL,RESULTING IN INCREASE IN
NUMBER OF AUTHORIZED SHARES
    * META MATERIALS INC - THE ALTERNATIVE NOT RELIANT ON
SHAREHOLDER
APPROVAL RESULTS IN A DECREASE IN NUMBER OF AUTHORIZED SHARES
    * META MATERIALS INC - REVERSE SPLIT WILL AFFECT ALL
SHAREHOLDERS
UNIFORMLY, INCLUDING STOCKHOLDERS OF COMPANY (ALL OFFICERS,
DIRECTORS, AND EMPLOYEES)

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Further company coverage:  MMAT.O 

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