{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-083975","form_type":"8-K","ticker":null,"cik":"0001431959","company_name":"META MATERIALS INC.","filed_at":"2024-07-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.043312+00:00","generated_at":"2026-05-31T20:28:11.023484+00:00","sec_items":["2.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Meta Materials sells authentication business for $10M cash; warns of potential winddown/bankruptcy","bullets":["Closed sale of authentication business to Authentix for $10M cash, with $3M in escrow for post-closing.","Subsidiary Metamaterial Inc. made a voluntary assignment for bankruptcy under Canadian law.","Company states it continues to face financial hardship and low expectations for success.","Board exploring strategic alternatives; potential winddown and bankruptcy filing possible."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-083975","json":"https://secwatch.observer/filing/0000950170-24-083975.json","markdown":"https://secwatch.observer/filing/0000950170-24-083975.md","text":"https://secwatch.observer/filing/0000950170-24-083975.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1431959/000095017024083975/0000950170-24-083975-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1431959/000095017024083975/mmat-20240716.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T20:28:11.023484+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0880e7066b8b47e73e6f0e610d55c0b547a35590","claim":"META MATERIALS INC. completed a disposition involving Authentix, Inc. and Authentix Canada Solutions, Inc. for $10 million (closed 2024-07-16).","evidence_excerpt":"On July 16, 2024, NSC completed the transactions contemplated by the Purchase Agreement (the \"Transaction\"), and Buyer paid in cash an aggregate of $10 million for the Authentication Business","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1431959/000095017024083975/0000950170-24-083975-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Authentix, Inc. and Authentix Canada Solutions, Inc."},{"label":"Consideration","value":"$10 million"},{"label":"Closing","value":"2024-07-16"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}