secwatch.observer — SEC 8-K summary
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Issuer:     META MATERIALS INC. (—)
CIK:        0001431959
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001193125-22-305648
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meta Materials completes spin-off of Next Bridge Hydrocarbons, distributing 165.5M shares
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- 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- Following the distribution, Series A Preferred shares were withdrawn and their certificate of designation eliminated.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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431959/000119312522305648/0001193125-22-305648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431959/000119312522305648/d433696d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-305648

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