Brief: Meta Materials Inc Expects Cash, Cash Equivalents And Short-Term Investments As Of May 31, 2023 To Be $15.3 Million
20/06/2023 16:14
June 20 (Reuters) - Meta Materials Inc MMAT.O :
* META MATERIALS INC-CASH, CASH EQUIVALENTS AND SHORT-TERM
INVESTMENTS AS OF MAY 31, 2023 IS EXPECTED TO BE $15.3 MILLION
* META MATERIALS INC SAYS IN CONNECTION WITH REVISED
OPERATIONAL
PLAN, CO EXPECT TO INCUR NON-CASH IMPAIRMENT CHARGES OF ABOUT
$282 MILLION
* META MATERIALS INC-BELIEVE SUBSTANTIAL DOUBT REMAINS ABOUT
OUR
ABILITY TO CONTINUE AS A GOING CONCERN
Further company coverage: MMAT.O
(Reuters.Briefs@thomsonreuters.com)
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