nasdaqmmat
Material engineering firm Meta Materials Inc (NASDAQ:MMAT)’s shares rallied 19% on Monday as investors digested news about its acquisition of Optodot Corporation. Meta Materials signed a definitive agreement last week to acquire Optodot for a total consideration of $48.5 million. Management expects the acquisition to close in June. Q1 2022 hedge fund letters, conferences and more Meta Makes materials engineered to have a property that is not found in naturally occurring materials. They are made from assemblies of multiple elements fashioned from composite materials such as metals and plastics....
ValueWalk
Kerrisdale Capital is short shares of Meta Materials Inc (NASDAQ:MMAT). Q3 2021 hedge fund letters, conferences and more We are short shares of Meta Materials, a $1 billion market cap company whose business is comprised of a whole lot of nothing: no real revenue, no promising technologies, undeveloped products, no track record of achievement. The company is a collection of disjointed and failed laboratory experiments designed, in our opinion, to fuel a stock promotion scheme. From the archived records of Meta’s websites, public information concerning its finances and research activity, and the...
ValueWalk
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