Shares of Meta Materials Inc (NASDAQ:MMAT) and Meta Materials Preferred (OTC:MMTLP) are trading higher Wednesday after the company announced FINRA has processed corporate actions for the exchange of its preferred stock.
What To Know: FINRA has processed and announced the corporate action of exchanging META’s Series A Preferred shares for shares of Next Bridge Hydrocarbons Inc on its daily list.
Shareholders of Meta Materials preferred stock with settled positions as of Dec. 12 will receive one share of Next Bridge Hydrocarbons for every one share of Meta Materials preferred stock held on Dec. 14.
Meta Materials is focused on inventing, designing, developing and manufacturing sustainable, high-performance, functional materials, components and systems.
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MMAT Price Action: Meta Materials shares were up 17.4% at $2.29 at time of publication, according to Benzinga Pro.
Photo: Pete Linforth from Pixabay.
