Meta Materials Inc Stock News

Meta Materials (NASDAQ: MMAT ) stock is taking a beating on Monday after the functional materials and nanocomposites company filed for Chapter 7 bankruptcy. Meta Materials notes that it only filed for Chapter 7 bankruptcy after exhausting all strategic alternatives.

Meta Materials (NASDAQ: MMAT ) stock is in the spotlight after the company was charged with violating “the antifraud, reporting, internal accounting controls, and books and records provisions of the federal securities laws.” Meta has agreed to settle the charges with a $1 million fine without admitting or denying the wrongdoings.

Certain growth stocks continue to excel in this market. Many of these companies are propelled by smart management teams that make good strategic decisions and by long-term catalysts, with AI remaining the top item of focus for many investors.

A couple of weeks ago, there was significant activity (particularly in media coverage) regarding the seeming resurgence of meme stocks. The classics of the meme mania, AMC Entertainment (NYSE: AMC ) and GameStop (NYSE: GME ), rocketed higher.

Specialty components manufacturer Meta Materials (NASDAQ: MMAT ) — which focuses on various functional materials and nanocomposites — saw its shares rise dramatically on Tuesday. Management announced that it has launched a legal investigation regarding allegations of naked short selling.

This week will go down in market history as the return of Roaring Kitty. Keith Gill — known as Roaring Kitty on social media — the Massachusetts man credited with launching the GameStop (NYSE: GME ) short squeeze of 2021, picked an interesting time to return to social media.