Is mmtlp a good investment?

Investors, many of them the trade-from-home variety, thought they’d found a gem. MMTLP proved popular, with shares peaking at $12.26 in November, implying a $2 billion market cap. In December, however, trading on MMTLP was halted.

What happens to mmtlp shares after December 12?

In addition, after December 12, the MMTLP shares would no longer be DTC-eligible (and the Next Bridge shares were not expected to be DTC-eligible). This means that, after December 12, any unsettled trades in MMTLP would have needed to be handled through broker-to-broker processes outside of DTC.

How much did short interest in mmtlp decline in 2022?

Specifically, short interest in MMTLP as of November 15, 2022, (approximately 6.4 million shares) declined around 27% to approximately 4.7 million shares as of November 30, 2022, and declined about a further 32% to approximately 2.65 million shares as of December 12.

What is next bridge / mmtlp corporate action?

On November 23, 2022, Meta Materials issued an announcement regarding the Next Bridge / MMTLP corporate action, stating that each holder of its Series A Preferred Shares—MMTLP—as of December 12, 2022, would become entitled to receive one share of the common stock of Next Bridge for every one share of MMTLP held.