Summary by Futu AI
Meta Materials Inc., a Nevada corporation, has announced that it will be delisted from The Nasdaq Stock Market LLC following a voluntary Chapter 7 bankruptcy filing. The company, which had previously reported its bankruptcy status on August 9, 2024, received a Delisting Notice from Nasdaq on August 12, 2024. The notice outlined that the delisting is due to public interest concerns, questions about the residual equity interest of current security holders, and doubts regarding the company's ability to maintain compliance with Nasdaq's continued listing requirements. Meta Materials has chosen not to appeal the decision and expects its common stock to be suspended from trading and delisted at the start of business on August 21, 2024. The Form 25-NSE will be filed with the SEC to formalize the delisting.