On August 9, 2024, After Consideration Of All Strategic Alternatives, Meta Materials, Ceased Operations And Filed A Voluntary Petition For Relief Under The Provisions Of Chapter 7 Of Title 11 In The U.S. Bankruptcy Court
Portfolio Pulse from Benzinga Newsdesk
On August 9, 2024, Meta Materials ceased operations and filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court.
August 09, 2024 | 1:48 pm
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Meta Materials has ceased operations and filed for Chapter 7 bankruptcy, indicating the company will liquidate its assets to pay creditors.
Filing for Chapter 7 bankruptcy means Meta Materials will liquidate its assets to pay off creditors, leading to a complete shutdown of operations. This is a critical and highly relevant event for investors, as it signifies the end of the company's business activities and a likely significant drop in stock value.
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