Is mmtlp a stock?

MMTLP wasn’t supposed to be a stock. Rather, it was meant as a placeholder for a future dividend. Where the money for that dividend would come from wasn’t immediately clear. It could have been a cash payment if Meta Materials found someone willing to buy Torchlight’s Orogrande drilling rights.

Does NASDAQ use mmtlp to determine compliance with listing requirements?

NASDAQ does not use this value to determine compliance with the listing requirements. Meta Materials (MMTLP) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets.

What happens if mmtlp shares are cancelled?

In that corporate action, the issuer decided that MMTLP shares would be cancelled and investors in those shares would receive a distribution of shares of Next Bridge Hydrocarbons, Inc. (Next Bridge). FINRA has continued to receive questions regarding the circumstances surrounding these events.

Why did mmtlp's price skyrocket in October?

But in October, MMTLP’s price skyrocketed. It topped out at $12.26 on November 22, implying a market cap of over $2 billion. Traders had caught wind of Meta Materials’ strategy. MMTLP shares would soon be exchanged for stock in a new company, Next Bridge Hydrocarbons, that wouldn’t be publicly traded.