secwatch.observer — SEC 8-K summary
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Issuer:     META MATERIALS INC. (—)
CIK:        0001431959
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0000950170-24-008133
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meta Materials announces 1-for-100 reverse stock split and Series C Preferred distribution
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- 1-for-100 reverse stock split effective Jan 29, 2024 to regain Nasdaq $1 bid compliance.
- Shares outstanding drop from ~564M to ~5.64M; authorized shares cut from 1B to 10M.
- Series C Preferred distributed 1 per common share, record Feb 2, 2024; each carries 1,000 votes.
- Series C votes only on proposal to increase authorized shares to at least 250M shares.
- Unvoted Series C shares auto-redeemed at $0.001/share; transferable only with common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431959/000095017024008133/0000950170-24-008133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431959/000095017024008133/mmat-20240123.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-008133

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer