A Nova Scotia advanced technology company trading on the Nasdaq is dismissing an investor lawsuit launched against it this week. Meta Materials stock has plunged since it began public trading last year from $16.77 in July to $2.48 on Thursday. The agency told CBC News on Thursday that Meta Materials did not move forward and did not complete its first milestone. "Meta Materials Inc. is in good standing with the agency. The Business Development Bank has also invested $5 million in Meta Materials through a convertible debenture that can be converted into shares.

Source: CBC News January 07, 2022 13:22 UTC