Fidelity Declares MMTLP a Taxable Event - Resources for Investors and Journalists on MMTLP

The broker has left the acquisition date of Dec. 29th but changed the cost basis from $2.99 to $0 on March 5.

A statement on Twitter clarifies their stance in calling the exchange a taxable event.

You are welcome to file complaints with the Better Business Bureau at https://bbb.org/file-a-complaint

The corporate action exchanging Meta Materials Inc. Series A Preferred (MMTLP) shares to Next Bridge Hydrocarbons Inc. is considered a taxable event. No clear fair market value price for tax reporting purposes has been established or announced by Meta. 1/2
— Fidelity Investments (@Fidelity) March 5, 2023

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