Meta Materials ($MMAT) Craters after Filing for Liquidation Bankruptcy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 09 2024
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Source: TipRanks
Meta Materials Bankruptcy: Meta Materials has filed for liquidation bankruptcy, resulting in a 73% drop in stock price and the termination of all employees, including top executives. The company is seeking a Chapter 7 trustee to liquidate assets and settle debts.
SEC Investigation: The SEC is pursuing civil claims against former CEOs for allegedly inflating stock prices through fraudulent schemes, following a series of mass layoffs and a $1 million fine imposed on the company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
