© Reuters.
HALIFAX, NS – Meta (NASDAQ:) Materials Inc. (NASDAQ:MMAT), a developer of advanced materials and nanotechnology, announced today that it has regained compliance with Nasdaq’s minimum bid price requirement. The compliance notice from The Nasdaq Stock Market has led to the cancellation of a previously scheduled Nasdaq Hearings Panel.
The specific rule, Nasdaq Listing Rule 5550(a)(2), requires listed securities to maintain a minimum bid price. Meta Materials had been out of compliance with this requirement, which triggered the need for a hearing. However, with the recent notice, the company confirmed that it is now fully compliant with all Nasdaq listing requirements, eliminating the need for further proceedings.
Meta Materials specializes in creating new products and technologies that incorporate advanced materials to enhance the performance of products in various sectors including aerospace, defense, consumer…
