Meta Materials

Meta Materials, Inc. engages in the manufacture and development of functional materials. Its technology platform enables global brands to deliver products to customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. The company was founded by George Palikaras and Themos Kallos on August 15, 2011 and is headquartered in Dartmouth, Canada.

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Meta Materials, Inc. engages in the manufacture and development of functional materials. It also provides nano-optic metamaterial technology for anti-counterfeiting security features. The company was founded by George Palikaras, Themos Kallos, and Nadine Geddes on October 30, 2007 and is headquartered in Dartmouth, Canada.

Meta Materials (NASDAQ: MMAT ) stock is taking a beating on Monday after the functional materials and nanocomposites company filed for Chapter 7 bankruptcy. Meta Materials notes that it only filed for Chapter 7 bankruptcy after exhausting all strategic alternatives.

Why Is Meta Materials (MMAT) Stock Down 14% Today?

Meta Materials (NASDAQ: MMAT ) stock is in the spotlight after the company was charged with violating “the antifraud, reporting, internal accounting controls, and books and records provisions of the federal securities laws.” Meta has agreed to settle the charges with a $1 million fine without admitting or denying the wrongdoings.

MMAT Stock Alert: Meta Materials Will Pay $1 Million to Settle Securities Violations

Washington, D.C.--(Newsfile Corp. - June 25, 2024) - The Securities and Exchange Commission today filed charges against Meta Materials Inc. and its former CEOs, John Brda and George Palikaras.

SEC Charges Meta Materials and Former CEOs with Market Manipulation, Fraud and Other Violations

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NEW YORK, NY / ACCESSWIRE / June 4, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (NASDAQ: MMAT). The settlement provides for a fund of $3,000,000 to benefit class members.

Looming Deadline - Levi & Korsinsky Encourages Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) to File a Share in Class Action Recovery

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NEW YORK, NY / ACCESSWIRE / May 30, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (NASDAQ: MMAT). The settlement provides for a fund of $3,000,000 to benefit class members.

Levi & Korsinsky, LLP Notifies Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) an Upcoming Claims Deadline in a Class Action Settlement

Specialty components manufacturer Meta Materials (NASDAQ: MMAT ) — which focuses on various functional materials and nanocomposites — saw its shares rise dramatically on Tuesday. Management announced that it has launched a legal investigation regarding allegations of naked short selling.

MMAT Stock Surges as Lawyers Back Up Naked Shorting Allegations

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Another unstable meme stock may be on its way out the door. Meta Materials (NASDAQ: MMAT ) has been struggling for well over a year and hasn't reported a positive catalyst in months.

Meta Materials Layoffs 2024: What to Know as MMAT Slashes 80% of Jobs

HALIFAX, NS / ACCESSWIRE / May 3, 2024 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced that the Company's Board of Directors approved a workforce reduction of approximately 80% of its employees, which is expected to be completed over the next few weeks. This difficult decision is in response to challenges associated with liquidity and securing additional financing.

Meta Materials Announces Workforce Reduction

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NEW YORK, NY / ACCESSWIRE / April 18, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (NASDAQ: MMAT). The settlement provides for a fund of $3,000,000 to benefit class members.

Levi & Korsinsky, LLP Notifies Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. - (MMAT) an Upcoming Claims Deadline in a Class Action Settlement

HALIFAX, NS / ACCESSWIRE / March 28, 2024 / Meta Materials Inc. (the "Company" or "META") (Nasdaq:MMAT), an advanced materials and nanotechnology company, today announced that the Company will host a corporate update webcast on Wednesday, April 3, 2024, at 4:30 PM EDT. Webcast Details Date: April 3, 2024Time: 4:30 PM EDT / 1:30 PM PDT To register, please use the link below: https://audience.mysequire.com/webinar-view?webinar_id=c1c28435-13e0-47a8-81a7-f346dfed216c About Meta Materials Inc. Meta Materials Inc. (META) is an advanced materials and nanotechnology company.

Meta Materials Schedules Corporate Update Webcast

NEW YORK--(BUSINESS WIRE)-- #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Next Bridge Hydrocarbons, Inc., a spin-off from Meta Materials, Inc. (OTC PINK: MMTLP) (“NBH” or “the Company”) and certain of its officers. Class Definition: This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entitie.

NEXT BRIDGE HYDROCARBONS INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Next Bridge Hydrocarbons, Inc., a spin-off from Meta Materials, Inc. (OTC PINK: MMTLP), Investors with Losses Should Contact the Firm!

NEXT BRIDGE HYDROCARBONS INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Next Bridge Hydrocarbons, Inc., a spin-off from Meta Materials, Inc. (MMTLP), Investors with Substantial Losses Contact the Firm!

Meta Materials (NASDAQ: MMAT ) stock is in the spotlight after a shareholder of spinoff Next Bridge Hydrocarbons (NBH) filed a class-action lawsuit against the oil and natural gas company and several of its executives. These include former NBH President George Palikaras and former Chairman and Chief Financial Officer Ken Rice.

A New Class-Action Lawsuit Takes Aim at Meta Materials Spinoff Next Bridge Hydrocarbons

Meta Materials (NASDAQ: MMAT ) will hold its special meeting of stockholders on April 15. The meeting has one material proposal, which is to increase the total number of authorized shares of MMAT stock to 250 million from 10 million.

Meta Materials Justifies Need for Capital Raise, Higher Share Count in New Letter

HALIFAX, NS / ACCESSWIRE / March 6, 2024 / Meta Materials Inc. (the "Company" or "META") (Nasdaq:MMAT), an advanced materials and nanotechnology company, today released the following message to shareholders. Dear Shareholders, Commercialization requires capital.

Meta Materials Releases Letter to Shareholders Regarding Upcoming Special Meeting

As of now, there are 10 million authorized shares of Meta Materials (NASDAQ: MMAT ) stock. However, that figure could increase by a whopping 2,400% to 250 million shares at Meta's upcoming special meeting of stockholders on April 15.

Meta Materials Seeks Approval to Raise Authorized Shares by 2,400%

Need capital? Meta Materials (NASDAQ: MMAT ) certainly does.

Meta Materials Sold Stock and Warrants for Less Than Their Market Value

HALIFAX, NS / ACCESSWIRE / February 20, 2024 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced that it has entered into a definitive agreement with a single institutional investor for the purchase and sale of 850,000 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 850,000 shares of common stock at a combined purchase price of $4.04 per share pursuant to a registered direct offering priced at-the-market under Nasdaq rules, for gross proceeds of approximately $3.4 million, before deducting placement agent commissions and other offering expenses. The warrants will have an exercise price of $3.91 per share, will be exercisable immediately and will expire five years from the date of issuance.

Meta Materials Announces Pricing of $3.4 Million Registered Direct Offering Priced At-the-Market

Meta Materials (NASDAQ: MMAT ) stock is falling lower after the company announced that it had regained compliance with Nasdaq's minimum bid requirement of $1. Meta had previously scheduled a hearing in front of the Nasdaq Hearing Panel after Nasdaq sent it a delisting determination.

Meta Materials Regains Nasdaq Listing Compliance

HALIFAX, NS / ACCESSWIRE / February 13, 2024 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced it received notice from The Nasdaq Stock Market that the Company regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). Consequently, the previously scheduled hearing was cancelled by the Nasdaq Hearings Panel.

Meta Materials Regains Compliance with Nasdaq Listing Requirements

Meta Materials (NASDAQ: MMAT ) stock is plunging lower on its first day of trading on a 1-for-100 reverse stock split-adjusted basis. This follows Meta's announcement on Jan. 23 that it would distribute one share of Series C preferred stock for each share of common MMAT stock held and “each voting right represented by the Company's Series B Preferred Stock” as of the record date of Feb. 2.

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