Meta Raising Another US$50M
Dartmouth-based Meta Materials Inc., which specializes in producing synthetic materials for industrial applications, has announced a plan to raise US$50 million or about C$64 million by selling additional shares.
Meta’s stock, which trades on the Nasdaq, fell by more than a third on the news, dropping from US$1.92 at the open Friday to US$1.17 by the close. The company, which was once Atlantic