Bankruptcy | META MATERIALS INC | 14th August 2024
On August 9, 2024 META MATERIALS INC announced that has filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States Bankruptcy Court for the District of Nevada. META MATERIALS INC will be removed from the index effective August 14, 2024 based on its last close price. Please note, the final removal price will depend on the stock trading status. If it is not trading on the primary stock exchange or any alternative eligible exchange, then the removal price will be zero.
The treatment below will be applied to the following indices:
- META MATERIALS INC will be removed from the Index.
- The weight of META MATERIALS INC (MMAT.OQ) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 14/08/2024
Solactive US Extended Broad Market Index (GTR)