The MMAT bankruptcy case keeps delivering. A hedge fund that allegedly has 10 million naked shorts in MMTLP has just been issued a subpoena.

A new court order in the Meta Materials bankruptcy case grants the trustee’s request, requiring Anson Funds, a hedge fund, to send a representative to testify under oath about MMTLP.

Anson Funds is believed to hold approximately 10 million short positions in MMTLP and reportedly attempted to previously negotiate a buyback of the shares from Next Bridge (through Roth Capital) for $3,000,000.

Next Bridge previously informed FINRA that they had been contacted by organizations seeking to purchase significantly more shares than the 2.65 million short positions FINRA had acknowledged. This new information supports that claim.

The new court document is posted here.

The archive of all court documents for this case is located here.

The previous article that discusses this case is here.

Further reading is available with the post from Kristen Shaughnessy below.

We still need Congress and/or DOGE to fully investigate the MMTLP case so that shareholders can be paid. WE NEED A SHARECOUNT. Keep the pressure on. Use our Advocacy section for help.