Meta Materials Inc. (NASDAQ:MMAT) announced that its wholly-owned subsidiary, Metamaterial Exchangeco Inc. (CSE:MMAX), has commenced trading of its Exchangeable Shares on the Canadian Securities Exchange (CSE) as of June 29, 2021. This event follows the successful completion of a Business Combination involving the acquisition of all common shares of Metamaterials Inc. (MI). Each MI Share was exchanged for either 1.845 META shares or Exchangeable Shares. META continues to innovate in high-performance materials across various industries, including consumer electronics and clean energy.
Meta Materials Inc. (NASDAQ:MMAT) has completed its business combination with Torchlight Energy Resources, effective June 28, 2021. This milestone positions META as the first NASDAQ-listed metamaterials company. Following the merger, META reported over $160 million in cash and a virtually debt-free balance sheet with approximately 285 million shares outstanding after a reverse split. Key executives remain in place, and the company plans to leverage its strong financial position to support future growth initiatives. A webcast is scheduled for July 6, 2021, to discuss further developments.
Meta Materials Inc. (NASDAQ:MMAT) announced the retention of Integrous Communications as its investor relations advisor. This partnership aims to enhance financial communications and investor relations initiatives. CEO George Palikaras expressed enthusiasm for this collaboration, emphasizing the expertise and support Integrous brings to Meta's growth strategy. Mark Komonoski, now with Integrous, will continue to represent Meta, ensuring consistent communication. Integrous Communications is noted for its broad experience in financial and corporate governance communications.