---
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"
generated_at: "2026-06-21T04:02:56.446986+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Meta Materials completes spin-off of Next Bridge Hydrocarbons, distributing 165.5M shares

## Summary
- 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- Following the distribution, Series A Preferred shares were withdrawn and their certificate of designation eliminated.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.

## SEC filing metadata
- accession: 0001193125-22-305648
- form_type: 8-K
- cik: 0001431959
- company_name: META MATERIALS INC.
- filed_at: 2022-12-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01, 5.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-305648
- JSON: https://secwatch.observer/filing/0001193125-22-305648.json
- Plain text: https://secwatch.observer/filing/0001193125-22-305648.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2022-12-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1431959/000119312522305648/0001193125-22-305648-index.htm
- M&A Transactions
  META MATERIALS INC. completed a disposition involving holders of the Company's Series A Non-Voting Preferred Stock (closed 2022-12-14).
  - Action: disposition
  - Counterparty: holders of the Company's Series A Non-Voting Preferred Stock
  - Closing: 2022-12-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1431959/000119312522305648/0001193125-22-305648-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.