META MATERIALS INC. overview

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....

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...

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, 2024 Time: 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...

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...

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...

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...

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")...

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...