Meta Materials Update On Naked Short Selling Investigation; Says The Lawyers Have Now Concluded That META Has Meritorious Claims For Market Manipulation Against Several Parties
Portfolio Pulse from Benzinga Newsdesk
Meta Materials Inc. (NASDAQ:MMAT) has concluded its investigation into naked short selling and market manipulation, finding meritorious claims against several parties. The company plans to share findings with regulatory agencies and file legal proceedings.
May 20, 2024 | 8:16 pm
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Meta Materials Inc. (NASDAQ:MMAT) has concluded its investigation into naked short selling and market manipulation, finding meritorious claims against several parties. The company plans to share findings with regulatory agencies and file legal proceedings.
The conclusion of the investigation and the decision to pursue legal action against parties involved in market manipulation is likely to be seen positively by investors. It demonstrates the company's commitment to protecting shareholder value and could lead to a short-term increase in stock price as confidence in the company's management and future prospects is bolstered.
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