Meta Materials (MMAT) has released an update.
Meta Materials Inc. has revealed that their investigation, supported by legal experts, has found credible grounds for market manipulation claims related to potential naked short selling of their stock. The company is preparing to take legal action against several financial service firms and will be coordinating with regulatory agencies. Further updates on the situation are promised as the proceedings develop.
For further insights into MMAT stock, check out TipRanks’ Stock Analysis page.