News
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PRESS RELEASE
Meta Materials Regains Compliance with Nasdaq Listing Requirements
Meta Materials Inc. (NASDAQ: MMAT) announced it regained compliance with Nasdaq's minimum bid price requirement, leading to the cancellation of the scheduled hearing. The company is now fully compliant with Nasdaq listing rules -
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PRESS RELEASE
Meta Materials Announces Distribution of Series C Preferred Stock to Holders of its Common Stock
Meta Materials Inc. (Nasdaq:MMAT) has announced the distribution of newly designated Series C Preferred Stock to shareholders of record as of February 2, 2024. The shares will vote on specific proposals and will be discussed further in a Current Report on Form 8-K. Additionally, the Company plans to file a notice of special meeting of the stockholders and a preliminary proxy statement for approval of an increase in authorized shares. -
PRESS RELEASE
Meta Materials Announces 1-for-100 Reverse Stock Split to Regain Nasdaq Compliance
Meta Materials Inc. (Nasdaq:MMAT) announces a 1-for-100 reverse stock split to take effect from January 29, 2024, aiming to regain compliance with Nasdaq listing requirements. The reverse stock split will reduce the number of outstanding shares and alter the stock's trading value. This strategic move is part of the company's effort to improve performance and maintain its listing on the Nasdaq Capital Market. -
PRESS RELEASE
Meta Materials Announces Proposed SEC Settlement
Meta Materials Inc. (Nasdaq:MMAT) has announced a proposed SEC settlement in connection with the Investigation by the Securities and Exchange Commission. The settlement, subject to approval by the SEC Commissioners, would result in the Company paying a civil money penalty and neither admitting nor denying the findings in the Order. The Company believes the Proposed SEC Settlement is in the best interests of its shareholders and would allow it to move forward in achieving its business objectives.
