Becart
Meta Supplies (NASDAQ:MMAT) -13.7% post-market Thursday after saying it plans to supply an unspecified quantity of frequent shares and warrants in a public offering, with an underwriters choice to buy as much as a further 15% of the shares and/or warrants.
The corporate stated it plans to make use of the proceeds towards working capital and common company functions, together with ongoing growth of current and future merchandise, equivalent to its superior supplies NPORE and NCORE for Li-ion battery functions.
Meta Supplies (MMAT) not too long ago reported a Q4 GAAP loss of $0.04/share on revenues of $1.45M.