Meta Materials (NASDAQ:MMAT) stock is on the move Monday as investors prepare to vote on its merger with Nanotech Security (OTCMKTS:NTSFF).
The vote taking place will have shareholders in NTSFF stock determining if Meta Materials can acquire all outstanding shares of the company. This would be an indirect acquisition for MMAT and has holders of the stock excited today.
We’re seeing interest in MMAT stock rise a day ahead of the Nanotech Security acquisition vote. As of this writing, more than 18 million shares of the stock have changed hands. That’s quickly approaching the company’s daily average trading volume of about 20 million shares.
George Palikaras, president and CEO of Meta Materials, said the following about the merger plan when it was announced in August.
“Nanotech is a strategic acquisition for META. It will add tested and cost-competitive production technology along with new products and customers to our portfolio. Nanotech also adds complementary skillsets which can support META’s markets, accelerating our commercialization plans in verticals such as solar energy, 5G and other antennas, battery and fuel cells, and carbon capture.”
META stock was up 11.6% and NTSFF stock was up slightly as of Monday afternoon.
We’ve got more of the latest stock news for investors to dive into below!
InvestorPlace offers daily coverage of the stock market and today is no different. A few examples of what traders can read about for Monday include what’s happening with Gores Guggenheim (NASDAQ:GGPI), Clean Energy Fuels (NASDAQ:CLNE), and Lucid (NASDAQ:LCID) shares. You can find all of that at the links below!
More Monday Stock Market News
- SPAC Alert: 9 Things to Know About GGPI Stock and the Polestar SPAC Merger
- CLNE Stock: 6 Things to Know About Clean Energy Fuels as Shares Surge Today
- Lucid Event: What LCID Stock Investors Should Know About This Week’s Production Preview
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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