Meta Materials Inc.
MMATQ
Other OTC0.00
USD
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Meta Materials Inc.
MMATQ
(Other OTC)
Recent
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0.00
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yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Meta Materials Inc. Meta Materials Inc. (MMATQ) operates as an advanced materials and nanotechnology company that develops, manufactures, and sells high-performance functional materials and nanocomposites for applications in aerospace and defense, 5G communications, automotive, brand protection, banknotes and government IDs, consumer electronics, energy, and medical sectors; its core products include NANOWEB, a transparent conductive film serving as an alternative to indium tin oxide, silver nanowire, graphene, and carbon nanotube technologies; holoOPTIX, a holographic optical component; ARfusion, a technology integrating precision cast lens fabrication with functional metamaterials and volume holograms; metaAIR, laser glare protection eyewear; NPORE, a ceramic nanoporous membrane separator for lithium-ion batteries; glucoWISE, a non-invasive glucose monitoring device; and anti-counterfeiting security features such as nano-optic structures and color-shifting foils for authentication in banknotes, secure documents, and commercial branding. The company, founded in 2011 and headquartered in Dartmouth, Nova Scotia, Canada, with prior registered offices in Nevada, United States, conducts operations across the United States, Canada, and internationally, targeting industries requiring enhanced material performance through sustainable nanotechnology solutions. Formerly known as Torchlight Energy Resources, Inc., it changed its name to Meta Materials Inc. in June 2021 and rebranded elements as META; recent major changes include the opening of a new global headquarters and Centre of Excellence in Dartmouth in November 2022 to support ARfusion platform technology and integrate products like VLEPSIS, NANOWEB, metaAIR, and holoOPTIX; a workforce reduction announced in May 2024 amid financial challenges; a $3.4 million registered direct offering priced at-the-market in February 2024; regaining Nasdaq compliance in February 2024 after prior delisting concerns; preliminary fourth-quarter 2023 results released in January 2024; the sale of its authentication operations, including Nanotech Security Corp assets acquired for $73 million three years prior, to Authentix for approximately $10 million in July 2024, with $3 million held in escrow; and a subsidiary, Metamaterial Inc., filing for bankruptcy as part of ongoing strategic reviews involving asset sales, financing efforts, and operational streamlining.