Meta Materials Surges After Public Offering
November 21 2022 - 06:58AM
TipRanks
Shares of Meta Materials (NASDAQ: MMAT) surged in pre-market
trading on Monday as the nanocomposites and functional materials
company announced on Friday that it was looking at a public
offering worth $250 million. Meta Materials has been on a downslide
in the past year and the stock has more than halved in value.
Earlier this month, the company announced its Q3 results. MMAT's
revenues soared 329% year-over-year to $2.5 million while the loss
came in at $0.07 per share versus a loss of $0.04 in the same
period last year.
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Meta Materials (NASDAQ:MMAT)
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