Meta Materials On Nov 27 Got Letter From Nasdaq Notifying Co That Nasdaq Determined To Delist Co's Common Stock From Nasdaq Capital Market
Portfolio Pulse from Benzinga Newsdesk
Meta Materials received a letter from Nasdaq on November 27, informing the company that Nasdaq has decided to delist its common stock from the Nasdaq Capital Market, according to an SEC filing.
November 30, 2023 | 1:36 pm
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Meta Materials has been notified by Nasdaq of its decision to delist the company's common stock from the Nasdaq Capital Market.
The news of delisting is directly related to Meta Materials and is a significant negative regulatory event that typically leads to a decrease in investor confidence and stock price. Delisting can reduce liquidity and access to capital, which are critical for a company's operations and growth prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100