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Meta Materials Inc. - MMAT STOCK NEWS

Welcome to our dedicated page for Meta Materials news (Ticker: MMAT), a resource for investors and traders seeking the latest updates and insights on Meta Materials stock.

Meta Materials Inc. (NASDAQ: MMAT) is a forward-thinking advanced materials and nanotechnology company focused on creating sustainable, highly functional materials that transform the way we interact with light and other forms of energy.

META's proprietary portfolio includes products such as NANOWEB, a transparent conductive film, holoOPTIX, ARfusion, metaAIR, and glucoWISE. These innovations span various applications from consumer electronics and 5G communications to aerospace, automotive, and clean energy.

Recent Achievements: META announced a 1-for-100 reverse stock split effective January 29, 2024, aiming to comply with Nasdaq's $1.00 per share minimum closing price requirement.

Current Projects and Financial Condition: In Q4 2023, META reported a 55% revenue increase to $2.2 million compared to the previous year. The company is driving growth across four main business lines including authentication solutions, wide area motion imagery systems, and transparent conductive films, with partnerships like the one with Panasonic Industry for NANOWEB production.

Strategic Moves: Recently, the Board of Directors approved a workforce reduction of about 80% to address liquidity challenges and financing needs. The company is exploring strategic alternatives including asset divestitures and potential sale.

Legal and Regulatory Actions: META is actively pursuing legal action against parties involved in alleged market manipulation, supported by findings from Christian Attar and Warshaw Burstein law firms.

META's commitment to innovative sustainable science continues to drive advancements in everyday technologies, making them smarter and more efficient.

News

Meta Materials and Panasonic Industry Collaborate on Next Generation Transparent Conductive Materials

Rhea-AI Summary
Meta Materials Inc. and Panasonic Industry are collaborating to strengthen the supply of NANOWEB® films and accelerate the growth of the transparent conductive film industry. This collaboration offers new applications for the automotive and consumer electronics sectors. The global market for transparent conductive films is projected to grow at a 9.2% CAGR, from $4.9 billion in 2020 to $7.6 billion by 2025. The collaboration combines NANOWEB® metal mesh designs with Panasonic Industry's proprietary process technology, providing cutting-edge alternatives that surpass industry standards and set new benchmarks.
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Meta Materials Receives $6.2 Million in New Purchase Orders from Its G10 Central Bank Customer

Rhea-AI Summary
Meta Materials Inc. has been awarded $6.2 million in new purchase orders for its authentication, nano-optic security business, bringing the total orders received to approximately $22.7MM. The company's QUANTUM™ stripe technology is quickly broadening its commercial presence and aims to help central banks and governments protect against counterfeiting. Cash continues to play a significant role in global economies, accounting for over $7.6 trillion in consumer spending in 2022 and providing financial inclusion for unbanked individuals. Recognizing cash's role is crucial for financial inclusion.
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Meta Materials to Launch Global Product Design Services in Authentication, Welcomes Global Expert, Mark Spencer, as new Senior Vice-President

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Meta Materials Inc. appoints Mark Spencer as SVP of Product and Design for its Authentication division
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Meta Materials Receives 180-Day Extension to Achieve Nasdaq Minimum Bid Compliance

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Meta Materials Inc. receives 180-day extension to comply with Nasdaq $1 minimum bid price rule.
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Meta Materials Completes $6 Million Common Stock Purchase Agreement with Gregory McCabe

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Meta Materials Inc. has entered into a $6 million common stock purchase agreement with Gregory McCabe, with the option for up to 15 drawdowns over 15 months. The first drawdown payment of $250,000 has been received. The price per share paid by the Purchaser will be equal to 120% of the 5-day VWAP on the trading day. This capital infusion will advance the commercialization of strategic focus products.
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Meta Materials Launches World's First Fully Animated Nano-Optic Banknote Security Product

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Meta Materials Inc. launches QUANTUM stripe, a revolutionary banknote security product based on its KolourOptik technology. The product offers movement, 3D depth, and multicolor effects in an ultrathin form factor, enhancing currency security. The company is now accepting orders from industry partners and customers.
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Meta Materials and Lincoln Park Capital Fund Enter into a Common Stock Purchase Agreement for up to $50 Million

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META Materials Inc. enters into a common stock purchase agreement with Lincoln Park Capital Fund, LLC
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Meta Materials Receives New Purchase Order from its G10 Central Bank Customer

Rhea-AI Summary
Meta Materials Inc. receives a new purchase order for its authentication, nano-optic security business, adding $2.1MM to the total orders received of approximately $16.5MM under the multi-year frame agreement. The banknote market is estimated to grow at a CAGR of 2.97% between 2022 and 2027, reaching approximately $10 billion in 2027.
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Meta Materials Qualifies Global Manufacturer as Preferred Supplier of Transparent Conductive Films

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Meta Materials Enlists Multi-Faceted IP and Legal Expert, Dan Eaton, as New Chief Legal Officer

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Meta Materials Inc. announces the appointment of Daniel Eaton as Chief Legal Officer, effective July 12, 2023. Eaton brings a rare combination of intellectual property law, electrical engineering, and tech sector experience. He will strengthen the company's IP portfolio, financial performance, and corporate governance. Eaton has a successful background in legal matters and corporate governance, overseeing high-value acquisitions. His expertise will support market penetration, fortify the company's competitive edge, and safeguard its solutions.
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FAQ

What is the current stock price of Meta Materials (MMAT)?

The current stock price of Meta Materials (MMAT) is $2.59 as of August 21, 2024.

What is the market cap of Meta Materials (MMAT)?

The market cap of Meta Materials (MMAT) is approximately 3.5M.

What does Meta Materials Inc. specialize in?

Meta Materials Inc. specializes in advanced materials and nanotechnology, creating sustainable, highly functional materials for various industries.

What products does Meta Materials Inc. offer?

META offers products like NANOWEB, holoOPTIX, ARfusion, metaAIR, and glucoWISE, catering to applications in consumer electronics, 5G communications, aerospace, automotive, and clean energy.

What recent achievements has Meta Materials Inc. announced?

META recently announced a 1-for-100 reverse stock split, aiming to comply with Nasdaq's $1.00 per share minimum closing price requirement.

How is Meta Materials Inc. performing financially?

In Q4 2023, META reported a revenue increase of 55%, amounting to $2.2 million. The company is focused on driving growth across several business lines.

What strategic moves has Meta Materials Inc. made recently?

META's Board of Directors approved a significant workforce reduction to address liquidity issues and is exploring strategic alternatives including asset divestitures and potential sale.

Is Meta Materials Inc. involved in any legal actions?

Yes, META is pursuing legal action against parties involved in alleged market manipulation, supported by law firms Christian Attar and Warshaw Burstein.

What partnerships does Meta Materials Inc. have?

META collaborates with Panasonic Industry for manufacturing NANOWEB and has other confidential partnerships in final stages of production testing.

What industries does Meta Materials Inc. serve?

META serves various industries including aerospace and defense, consumer electronics, 5G communications, automotive, and clean energy.

What is the focus of Meta Materials Inc.'s research and development?

META focuses on developing innovative sustainable materials that can dramatically alter light properties, enhance energy efficiency, and improve everyday products.

How can investors stay updated about Meta Materials Inc.?

Investors can stay updated by visiting META's website, registering for webcasts, and following their latest press releases and financial reports.

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Meta Materials Inc.

Nasdaq:MMAT

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MMAT Stock Data

3.52M
6.70M
7.15%
3.3%
7.23%
Electronic Components
Semiconductors & Related Devices
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United States of America
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