Why Meta Materials Stock (MMAT) Is Down 30%
Why Meta Materials Stock (MMAT) Is Down 30%
See Also: Dow's New All-Time-High: DIA Outperforms SPY In NovemberMeta Materials Inc (NASDAQ:MMAT) shares are trading lower by 31.7% to $0.075 Monday afternoon after the company announced it is set to issue and sell 75 million shares of common stock along with warrants to certain institutional investors in a registered direct offering at $0.08 per share, expecting to raise $6.0 million in gross proceeds.
週一下午，Meta Materials Inc（納斯達克股票代碼：MMAT）股價下跌31.7％，至0.075美元，此前該公司宣佈將以每股0.08美元的註冊直接發行方式向某些機構投資者發行和出售7500萬股普通股以及認股權證，預計將籌集600萬美元的總收益。
Meta Materials plans to utilize the net proceeds primarily for advancing its technology commercialization, boosting sales efforts in various applications like bank note and brand authentication, Li-ion battery tech (NPORE and NCORE) and VLEPSIS systems for wide area motion imagery.
Meta Materials計劃將淨收益主要用於推進其技術商業化，促進各種應用的銷售力度，例如紙幣和品牌認證、鋰離子電池技術（NPORE和NCORE）以及用於廣域運動圖像的VLEPSIS系統。
The offering's closing is anticipated around December 6, pending standard closing conditions, with A.G.P./Alliance Global Partners serving as the sole placement agent for the offering.
此次發行預計將於12月6日左右結束，尚待標準成交條件，A.G.P./Alliance Global Partners將作爲本次發行的唯一配售代理。
See Also: Dow's New All-Time-High: DIA Outperforms SPY In November
另見：道瓊斯指數創歷史新高：11月份DIA的表現優於SPY
According to data from Benzinga Pro, MMAT has a 52-week high of $2.34 and a 52-week low of $0.072.
根據Benzinga Pro的數據，MMAT創下52周高點2.34美元，52周低點0.072美元。
