{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-305648","form_type":"8-K","ticker":null,"cik":"0001431959","company_name":"META MATERIALS INC.","filed_at":"2022-12-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.636371+00:00","generated_at":"2026-06-21T04:02:56.446986+00:00","sec_items":["2.01","5.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Meta Materials completes spin-off of Next Bridge Hydrocarbons, distributing 165.5M shares","bullets":["On Dec. 14, 2022, distributed 165,472,241 shares of Next Bridge Hydrocarbons common stock to holders of Series A Preferred Stock.","Each outstanding Series A Preferred share received one Next Bridge common share as of the Dec. 12, 2022 record date.","Following the distribution, Series A Preferred shares were withdrawn and their certificate of designation eliminated.","Next Bridge Hydrocarbons is no longer a consolidated subsidiary of Meta Materials."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-305648","json":"https://secwatch.observer/filing/0001193125-22-305648.json","markdown":"https://secwatch.observer/filing/0001193125-22-305648.md","text":"https://secwatch.observer/filing/0001193125-22-305648.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1431959/000119312522305648/0001193125-22-305648-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1431959/000119312522305648/d433696d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T04:02:56.446986+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":"ba5ce86adc15911c6aae104924ee44258f8b852f","claim":"META MATERIALS INC.: Revoked the Certificate of Designation for Series A Preferred Stock, removing all related provisions from the Articles of Incorporation (effective 2022-12-14).","evidence_excerpt":"All matters set forth in the previously-filed Certificate of Designation with respect to the Series A Preferred Stock were eliminated from our Articles of Incorporation.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1431959/000119312522305648/0001193125-22-305648-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2022-12-14"}],"fact_type":"governance_change"},{"claim_id":"2a39a2d1f92256d7e7f3b2441a66b2607e0b8c79","claim":"META MATERIALS INC. completed a disposition involving holders of the Company's Series A Non-Voting Preferred Stock (closed 2022-12-14).","evidence_excerpt":"On December 14, 2022, Meta Materials Inc. (the “Company”) completed the spin-off of Next Bridge Hydrocarbons, Inc. (“Next Bridge”) by distributing (the “Distribution”) the Company’s equity interests in Next Bridge to holders of the Company’s Series A Non-Voting Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1431959/000119312522305648/0001193125-22-305648-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"holders of the Company's Series A Non-Voting Preferred Stock"},{"label":"Closing","value":"2022-12-14"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}