
Thousands of Investors Demanding Answers on Meta Materials Stock: Rep. Norman
Published on December 28, 2023
Tens of thousands of concerned investors have flooded Congress with letters demanding answers to what exactly happened surrounding Meta Materials Series A preferred shares, also known as MMTLP. Dozens of congressional representatives, including Rep. Ralph Norman (R-S.C.), penned a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler and Financial Industry Regulatory Authority (FINA) president and CEO Robert Cook, requesting that they review the circumstances regarding the merger between Meta Materials and Torchlight Energy Resources and the subsequent spinoff of a new company called Next Bridge Hydrocarbons. FINRA halted trading on Meta Materials’ stock and prevented shareholders from making trades....
