METX stock has experienced a decrease of 45.93% in the current market trading session. However, the last trading session was closed with an increase of 36.84%. Let’s study more about METX.
Launch of a New initiative to grow the blockchain and cryptocurrency industries by METX
On 1st September 2021, the METX announced to launch of a new initiative to establish a blockchain and cryptocurrency business with the objective of making it a new standard among creative businesses.
Beginning in 2020, the company has been investigating the possibility of a blockchain and cryptocurrency business. The Company has created a blockchain technology strategy plan, aimed to introduce the Dogecoin reward system, and using non-fungible tokens (“NFT”) for digital copyright in online education.
The company aims to create new divisions and hire a competent team to push blockchain and cryptocurrency business in the next two to three months, based on its expertise with blockchain technology, NFT, and the Dogecoin reward system.
Announcement of Underwritten Public Offering of ordinary shares & pre-funded Warrants by METX
METX announced on 1st September 2021 its intention to initiate a public offering of common stock and pre-funded warrants. Each pre-funded warrant shall be priced at $0.01 less than the ordinary shares. The net proceeds will be used to meet the Company’s general corporate and working capital needs.
Market Corporate Training and Expand Market Presence
On August 31, 2021, METX stated that it is working to expand its market position in the corporate training sector. As compared to the last year, METX’s gross billing of corporate training business increased by 107% from January to July of 2021. Also, the number of corporate workers serviced has grown by 53%, and the number of enterprise clients served has increased by 60%. Customer renewal rates exceeded 90%, and customer and student satisfaction rates exceeded 95%.
