Meta Materials On Nov. 28 Co Submitted A Request For A Hearing To Appeal Staff's Delisting Determination; Common Stock Will Continue To Trade On Nasdaq Capital Market Under Symbol "MMAT" Pending Ultimate Conclusion Of Hearing Process
Portfolio Pulse from Benzinga Newsdesk
Meta Materials has submitted a request for a hearing to appeal the NASDAQ Staff's delisting determination. The company's common stock will continue to trade on the NASDAQ Capital Market under the symbol 'MMAT' while the hearing process is ongoing, according to an SEC filing.
November 30, 2023 | 1:37 pm
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Meta Materials has appealed the NASDAQ's delisting decision and will continue trading on the NASDAQ Capital Market under 'MMAT' during the appeal process.
The appeal process allows Meta Materials to continue trading on the NASDAQ, which may provide some temporary stability to the stock price. However, the uncertainty surrounding the outcome of the hearing could lead to increased volatility. The news is highly relevant as it directly affects the company's listing status, and it's important for investors as the delisting could impact the stock's liquidity and visibility. The confidence level is high due to the official nature of the SEC filing, but not absolute as the outcome of the hearing is uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100