Meta Materials Inc., a smart materials and photonics company, invents, designs, develops, and manufactures various functional materials and nanocomposites. The company's products include metaAIR, a laser glare protection eyewear; NANOWEB, a revolutionary transparent conductive film; and holoOPTIX, a holographic optical component. Its products include aerospace and defense, automotive, consumer electronics, energy, and medical applications. The company is headquartered in Dartmouth, Canada.
IPO Year:
Exchange: NASDAQ
Website: metamaterial.com
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HALIFAX, NS / ACCESSWIRE / May 20, 2024 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced an update on the short selling investigation undertaken in June of 2023.In an initial press release from late June 2023, META outlined its preliminary analysis of potential naked short selling, and retained well-known analytics firm, Shareholder Intelligence Services, LLC to review trading patterns of the Company's common stock. Based on this analysis, and with zero tolerance for illegal naked short selling and other stock manipulation, META employed the services of law firms, Christian Attar and Warshaw Burstein (collectivel
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.The Company continues to evaluate all available strategic alternatives including, but not limited to, the divestiture of assets, additional financing security and/or the sale of the Company. While all efforts are being expended in this pursuit, no assu
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 DetailsDate: April 3, 2024Time: 4:30 PM EDT / 1:30 PM PDTTo register, please use the link below:https://audience.mysequire.com/webinar-view?webinar_id=c1c28435-13e0-47a8-81a7-f346dfed216cAbout Meta Materials Inc.Meta Materials Inc. (META) is an advanced materials and nanotechnology company. We develop new products and technologies using innovative sustainable science. Advanced materials can improve everyday products tha
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.That is a basic premise upon which we are requesting your approval at the upcoming special stockholders' meeting for an increase in the total number of common shares we are authorized to issue. We don't take this proposal lightly and intend to be judicious in issuing future shares to meet our commercialization and working capital needs.To date, we have several joint developments for manufacturing and production, including our collaborat
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 wi
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. The Company is currently in full compliance with Nasdaq listing requirements.About Meta Materials Inc.Meta Materials Inc. (META) is an advanced materials and nanotechnology company. We develop new products and technologies using innovative sustainable science. Advan
Fourth quarter 2023 revenue up 55% from the prior year comparable periodOperating expenses down 35% compared to the fourth quarter of 2022, excluding non-cash asset impairmentCash and cash equivalents totaled $10.3 million, basically in line with the September 2023 quarterFocus continued on core business lines, with ramped up sales initiatives in authentication, VLEPSIS, NANOWEB and battery materialsHALIFAX, NS / ACCESSWIRE / January 26, 2024 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced preliminary results for the fourth quarter ended December 31, 2023. In the fourth quarter of 2023, total revenue was approxi
HALIFAX, NS / ACCESSWIRE / January 23, 2024 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced that its Board of Directors declared a distribution of one share of newly designated Series C Preferred Stock, par value $0.001 per share, for each outstanding share of the Company's common stock and each voting right represented by the Company's Series B Preferred Stock held of record as of 5:00 p.m. Eastern Time on February 2, 2024. The shares of Series C Preferred Stock will be distributed to such recipients at 5:30 p.m. Eastern Time on February 2, 2024. The outstanding shares of Series C Preferred Stock will vote toge
HALIFAX, NS / ACCESSWIRE / January 23, 2024 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced that it intends to effect a 1-for-100 reverse stock split ("Reverse Stock Split") of its issued and outstanding common stock that will become effective at 12:01 AM PT on January 29, 2024. The Company's common stock is therefore expected to begin trading on a split-adjusted basis when the market opens on January 29, 2024. The Company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "MMAT" but with a new CUSIP number 59134N302.The Reverse Stock Split is part of the Company's plan to regain
HALIFAX, NS / ACCESSWIRE / January 11, 2024 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced a proposed SEC settlement.As previously disclosed, Meta Materials Inc. (the "Company") has been the subject of an investigation (the "Investigation") by the Securities and Exchange Commission (the "SEC" or the "Commission") with respect to, among other things, the merger involving Torchlight Energy Resources, Inc. and Metamaterial Inc. In connection with the Investigation, the Company announced in a Form 8-K filed on July 25, 2023 that the Company and two individuals (Messrs. Brda and Palikaras) received Wells Notices.The
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Fourth quarter 2023 revenue up 55% from the prior year comparable periodOperating expenses down 35% compared to the fourth quarter of 2022, excluding non-cash asset impairmentCash and cash equivalents totaled $10.3 million, basically in line with the September 2023 quarterFocus continued on core business lines, with ramped up sales initiatives in authentication, VLEPSIS, NANOWEB and battery materialsHALIFAX, NS / ACCESSWIRE / January 26, 2024 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced preliminary results for the fourth quarter ended December 31, 2023. In the fourth quarter of 2023, total revenue was approxi
Third quarter 2023 revenue up quarter over quarter, supported by stronger product mix and partnershipsOperating expenses down 32% from the prior year comparable period$8.3 million in purchase orders in late August/September will be reflected in fourth quarter 2023 and 2024 resultsTechnologies introduced at end of third quarter (QUANTUM™ stripe, VLEPSIS® system) expected to gain traction in the fourth quarter and early 2024HALIFAX, NS / ACCESSWIRE / November 13, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today reported financial results for the third quarter ended September 30, 2023. In the third quarter of 2023, total
HALIFAX, NS / ACCESSWIRE / December 7, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced that FINRA has processed and announced the corporate action of exchanging META's Series A Preferred shares (OTC:MMTLP) for shares of common stock of Next Bridge Hydrocarbons, Inc. on its daily list. Please see https://otce.finra.org/otce/dailyList which notes the following regarding the trading of shares of MMTLP on OTC and the distribution of the Next Bridge Hydrocarbons, Inc. shares:MMTLP shareholders with settled positions as of 12/12/22 Record Date will receive one (1) share of Next B
Superior Coating Technology, PLASMAfusion™, Expected to Strengthen Existing Applications and Enable New Verticals Including Battery MaterialsHALIFAX, NS / ACCESSWIRE / April 4, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT) a developer of high-performance functional materials and nanocomposites, announced today it has acquired Plasma App Ltd. ("PAL"), in a stock for stock transaction valued at $20 million. PAL is the developer of PLASMAfusion™, a first of its kind, proprietary manufacturing platform technology, which enables high speed coating of any solid material on any type of substrate. PAL's team is located at the Rutherford Appleton Laboratories in Oxford
HALIFAX, NS / ACCESSWIRE / March 31, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets which is now planned as a spinout of these assets and operations in a company that will be owned by the Company's Series A preferred stockholders.On January 14, 2022, META provided an update on the Company's oil and gas assets and operations. With the completion of work on four wells in December 2021, the Company believes that META remains in compliance with all aspects of its lease obligation
HALIFAX, NS / ACCESSWIRE / January 14, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned spinout of these assets to the Company's Series A preferred stockholders.On December 3, 2021, META provided an update on the Company's oil and gas assets and operations. We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. As of December 13, 2021, all required drilling operations on the four
HALIFAX, NS / ACCESSWIRE / December 3, 2021 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT, FSE:MMAT))) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned sale or spinout of these assets for the benefit of the Series A preferred stockholders.In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META provided an update on the Company's oil and gas assets and operations. We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the leas
Transaction to Accelerate Growth, Scale and Commercialization of MetamaterialsHALIFAX, NS / ACCESSWIRE / October 5, 2021 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today announced that it has completed the acquisition of Nanotech Security Corp. ("Nanotech") (TSXV:NTS)(OTCQX:NTSFF), a leader in the development of secure and visually memorable nano-optic security features that provide anti-counterfeiting solutions used in the government and banknote and brand protection markets, in an all-cash transaction at C$1.25 per Nanotech common share (each, a "Nanotech Share"), for a total value of app
HALIFAX, NS / ACCESSWIRE / October 23, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), a leader in advanced materials and nanotechnology, today announced the appointment of Ms. Jennifer Cheraso as Chief Human Resources Officer. Ms. Cheraso is a human resource executive with more than 25 years of experience. She is a dynamic leader with experience overseeing all aspects of human resources including strategy, organizational effectiveness, talent management, total rewards, M&A and change management. Ms. Cheraso's expertise comes from HR and cross-functional leadership positions in multiple industries including solar, aerospace, advanced materials, and technology.Prior to joi
HALIFAX, NS / ACCESSWIRE / October 17, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced that its Board of Directors has appointed Mr. Jim Fusaro as Chief Executive Officer, effective immediately. George Palikaras has been removed as President and CEO and is no longer with the Company.Mr. Fusaro is a business leader with 35 years of experience in solar, semiconductor, advanced materials, and aerospace. He brings significant experience and success leading large change management initiatives and developing and implementing strategies to transform businesses and to drive value."On behalf of the Board of Director
HALIFAX, NS / ACCESSWIRE / October 10, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), a leader in advanced materials and nanotechnology, today announced that it has appointed Mr. Philippe Morali to its Board of Directors. Mr. Morali brings more than 30 years of experience in financial leadership from strong technology companies, startups to Fortune 15, that are focused on a variety of markets. He has had extensive international operational experience in Europe and Asia.In his last position, Mr. Morali was CFO at eSilicon, an ASIC and IP supplier that was acquired by Inphi Corporation and Synopsys. Prior to eSilicon, he served as CFO for Quantenna Communications, Inc., a
HALIFAX, NS / ACCESSWIRE / September 20, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), a global leader in advanced materials and nanotechnology, today announced the appointment of Mark Spencer as Senior Vice President (SVP) of Product and Design for its Authentication division. Joining META in November, he will support the QUANTUM™ series nano-optic authentication products for banknotes, government documents and brand protection, from design to integration. Mark, an industry veteran, comes with a wealth of expertise in banknote design, development, and production from the world's leading design teams at De La Rue and Crane Currency.Mark Spencer is a global leader with o
Newman's Three-Decade Legacy of Leading the World's Premier Banknote Design and Product Team is Set to Bolster Meta Materials' Cutting-Edge Nano-Optic TechnologiesHALIFAX, NS / ACCESSWIRE / July 5, 2023 / Meta Materials Inc. ("META®") (NASDAQ:MMAT)(FSE:MMAT), a global leader in advanced materials and nanotechnology, announces the appointment of Mr. Alan Newman as Chief Product Officer for Authentication and Managing Director of the Banknote and Authentication new Business Unit, reporting to META's President and CEO, effective September 5, 2023.Mr. Newman is celebrated as a luminary in the banknote industry, boasting an illustrious career that spans over 35 years. He is widely regarded as one
Tech executive brings over 30 years of finance and operations leadershipHALIFAX, NS / ACCESSWIRE / April 25, 2023 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT), (FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced that Mr. Uzi Sasson has been appointed as Chief Financial Officer (CFO) and Chief Operating Officer (COO), effective April 20, 2023. He replaces current CFO and COO Ken Rice, who is retiring.Mr. Sasson is a seasoned public company financial executive and Certified Public Accountant (CPA) with more than thirty years of experience building and scaling operations for high-growth multinational manufacturers and semiconduc
HALIFAX, NS / ACCESSWIRE / April 25, 2023 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced the appointment of Ms. Eugenia Corrales and Mr. Vyomesh "VJ" Joshi as members of the Board of Directors, effective April 25, 2023. Mr. Maurice Guitton is retiring from the Board. The Company wishes to thank Mr. Guitton for his many years of service and commitment, including his role as former Chairman of the Board of Metamaterial Inc.Ms. Corrales is CEO of Nefeli Networks. She has spent more than 25 years as an executive and tech industry veteran developing innovative products, establishing
HALIFAX, NS / ACCESSWIRE / August 17, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT), (FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced the appointment of Mr. Jack Harding as Chair of the Board of Directors, effective August 16, 2022. Mr. Ram Ramkumar, META's current Chair, is retiring from the Board and moving into a Strategic Advisor role for a period of two years. The Company wishes to thank Mr. Ramkumar for his dedication during this transformative period which included among many milestones META's June 2021 listing on the NASDAQ via a reverse merger with Torchlight Energy Resources."Delivering innovation at scale is
The J&J and PepsiCo veteran will run the Company's business development functionsHALIFAX, NS / ACCESSWIRE / July 26, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT),(FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced that Mr. Manos Spanos has joined the Company as its first Chief Business Officer. Mr. Spanos brings 22 years of experience, including global businesses, Johnson & Johnson, PepsiCo, and Danone, as well as startup experience with L-Nutra, a high-growth biotech company. Mr. Spanos brings extensive experience building commercial and product operations and leading go-to-market teams to his new role. He will oversee
HALIFAX, NS / ACCESSWIRE / May 17, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today announced the appointment of Dr. Raj V. Rajaram as Chief Marketing Officer. He brings more than twenty-five years of experience and numerous highly profitable successes as a senior global marketing and commercial operations executive within public and private companies across multiple industries, along with experience spearheading due diligence and integration of acquisitions in North America and across Europe."Through Dr Rajaram's leadership, I look forward to seeing the transformation of the marketing