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.

Fourth quarter 2023 revenue up 55% from the prior year comparable period Operating expenses down 35% compared to the fourth quarter of 2022, excluding non-cash asset impairment Cash and cash equivalents totaled $10.3 million, basically in line with the September 2023 quarter Focus continued on core business lines, with ramped up sales initiatives in authentication, VLEPSIS, NANOWEB and battery materials HALIFAX, 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 approximately $2.2 million, up 55% compared to $1.4 million in the fourth quarter of 2022, and modestly higher compared to the third quarter of 2023.

Meta Materials Announces Preliminary Results for The Fourth Quarter 2023

Meta Materials (NASDAQ: MMAT ) stock is down by about 8% after the company announced that it would enact a 1-for-100 reverse split, effective as of the market open on Jan. 29. The reverse split was approved at the company's last annual meeting of stockholders.

MMAT Stock Alert: Meta Materials Announces 1-for-100 Reverse Split

Meta Materials (NASDAQ: MMAT ) stock is falling on Wednesday after the smart materials company revealed plans for a reverse stock split. A press release from Meta Materials notes that the company plans to enact a one-for-100 reverse stock split next week.

Why Is Meta Materials (MMAT) Stock Down 12% Today?

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.

Meta Materials Announces Distribution of Series C Preferred Stock to Holders of its Common Stock

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.

Meta Materials Announces 1-for-100 Reverse Stock Split to Regain Nasdaq Compliance

Meta Materials (NASDAQ: MMAT ) stock is rocketing higher on Wednesday alongside extremely heavy trading of its shares this morning. MMAT stock is seeing major movements during pre-market hours today.

Why Is Meta Materials (MMAT) Stock Up 38% Today?

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.

Meta Materials Announces Proposed SEC Settlement

HALIFAX, NS / ACCESSWIRE / December 21, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced a proposed settlement in two class action cases, following a successful mediation. As previously disclosed, both a consolidated securities class action lawsuit, captioned In re Meta Materials Inc. Securities Litigation, No.

Meta Materials Announces Proposed Class Actions Settlement

HALIFAX, NS / ACCESSWIRE / December 8, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today released the following message to shareholders. From: META Board of Directors To: META Shareholders MEMO: Candid Answers to Our Shareholders' Most Pressing Concerns As a META shareholder, you are among the strongest advocates for the success of the Company and have made your voice heard via the recent outpouring of letters, social media and other correspondence.

Meta Materials Releases Board Letter to Shareholders

Meta Materials' (NASDAQ: MMAT ) annual meeting of stockholders on Dec. 11 is quickly approaching. At the meeting, the votes for its reverse stock split proposal in a ratio between 1-for-5 and 1-for-35 will be revealed.

MMAT Stock: Meta Materials Speaks Out on Reverse Stock Split Proposal

HALIFAX, NS / ACCESSWIRE / December 5, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today provided some clarification of the potential impacts of Proposal 3: Approval of a Reverse Stock Split, to be voted on at the 2023 Annual Meeting of Stockholders, to be held on December 11, 2023, at 12:00 pm Eastern Time. "We have received a lot of feedback from investors with respect to the reverse split proposal," noted Jack Harding, META's Chairman of the Board.

Meta Materials Clarifies Potential Impacts of Reverse Stock Split Proposal

Meta Materials (NASDAQ: MMAT ) stock is back below 10 cents after the company announced that it had agreed to sell 75 million shares of common stock for 8 cents per share and accompanying warrants to purchase 75 million shares of common stock to institutional investors in a $6 million direct offering. The details of the institutional investors were not immediately disclosed.

Meta Materials Is Selling $6 Million Worth of MMAT Stock

HALIFAX, NS / ACCESSWIRE / December 4, 2023 / Meta Materials Inc. (the "Company" or "META") (Nasdaq:MMAT), an advanced materials and nanotechnology company, today announced that it has entered into definitive agreements with certain institutional investors for the issuance and sale in a registered direct offering of 75.0 million shares of common stock at an offering price of $0.08 per share and accompanying warrants to purchase 75.0 million shares of common stock at an exercise price of $0.095 per share, exercisable six months after the issuance date and expiring five and a half years after the issuance date. Gross proceeds to the Company are expected to be $6.0 million, before deducting placement agent fees and other estimated offering expenses.

Meta Materials Announces $6.0 Million Registered Direct Offering

Meta Materials (NASDAQ: MMAT ) stock is down 3% after the Nasdaq staff provided the company with a delisting determination notification. On Nov. 27, Nasdaq informed Meta that MMAT stock had closed at or below 10 cents or less for 10 consecutive trading days as of Nov. 24.

MMAT Stock Alert: Nasdaq Intends to Delist Meta Materials

QUANTUM™ stripe chosen as Best Origination and Best in Show at the 2023 IHMA Awards HALIFAX, NS / ACCESSWIRE / November 27, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, announced that its QUANTUM stripe authentication product won two awards (Best Origination and Best in Show) at the 2023 International Hologram Manufacturers Association - IHMA Awards. "The IHMA board are looking for innovation, visual distinction, aesthetics and differentiation.

Meta Materials Receives Two International Hologram Manufacturers Association -IHMA Awards

A recent press release from Meta Materials (NASDAQ: MMAT ) provides a good reminder for investors to read company communications carefully. When the functional materials company reported third-quarter earnings, it released a statement summarizing its financial results for the quarter.

MMAT Stock: Meta Materials Reports Revenue Drop, $8.3 Million in Purchase Orders

Third quarter 2023 revenue up quarter over quarter, supported by stronger product mix and partnerships Operating 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 results Technologies introduced at end of third quarter (QUANTUM™ stripe, VLEPSIS® system) expected to gain traction in the fourth quarter and early 2024 HALIFAX, 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 revenue was $2.2 million, favorably compared to $2.0 million in the second quarter of 2023.

Meta Materials Announces Financial Results for the Third Quarter 2023

VLEPSIS® technology expected to be the world's first commercially available multi-gigapixel WAMI system HALIFAX, NS / ACCESSWIRE / November 8, 2023 / Meta Materials Inc. (the "Company" or "META") (Nasdaq:MMAT), an advanced materials and nanotechnology company, will be showcasing its VLEPSIS® airborne EO wide-area motion imagery (WAMI) system at the Dubai Air Show, November 13-17, 2023. The VLEPSIS platform WAMI system provides large area video coverage of tens to a hundred square kilometers, with sufficient resolution to discern vehicles and people-sized objects.

Meta Materials to Showcase Wide Area Motion Imagery System at Dubai Air Show

For investors in smart materials and photonics company Meta Materials (NASDAQ: MMAT ), it's been, shall we say, a rough road this year. Shares of MMAT stock currently trade around 10 cents apiece, and that's including today's move of about 8% higher in this penny stock.

MMAT Stock Alert: Meta Materials Announces New CEO, Cost Savings

HALIFAX, NS / ACCESSWIRE / November 7, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced preliminary positive cost cutting results from the initial stages of restructuring, while signaling its intent to focus on core business lines currently generating revenue and those expected to generate revenue in the not-too-distant future. This update follows the revised operating plan (the "Realignment and Consolidation Plan"), which was approved by our board of directors on June 6, 2023.

Meta Materials Announces Results from Strategic Restructuring, Focus on Growth Priorities

Shareholders of Meta Materials (NASDAQ: MMAT ) stock should take note, as the functional materials company will hold its annual meeting of stockholders on Dec. 11. The record date, or the date that shareholders must own shares in order to cast votes for the meeting, has been set to Oct. 16.

MMAT Stock: Meta Materials Seeks Approval for Reverse Stock Split

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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.

Meta Materials Appoints Ms. Jennifer Cheraso as Chief Human Resources Officer

After months of struggling, Meta Materials (NASDAQ: MMAT ) is making a change at the leadership level. In a statement released this morning, the functional materials company announced that Jim Fusaro is replacing George Palikaras as CEO, effective immediately.

MMAT Stock Alert: Meta Materials Appoints New CEO

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.

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