BREAKING NEWS: Meta Materials Inc Makes Settlement Offer to SEC

January 11, 2024

Meta Materials Inc, a leading materials technology company, has announced that it has made a settlement offer to the U.S. Securities and Exchange Commission (SEC) regarding a Wells Notice it received. The notice pertains to the company, its executives, and the reverse merger between Meta Materials Inc and Torchlight Energy Resources, Inc.

The settlement offer was made in response to the Wells Notice, which is a notification from the SEC that it intends to bring enforcement action against a company or individual. The notice gives the recipients an opportunity to respond and present their side of the case before any formal action is taken.

Meta Materials Inc, which trades under the ticker symbol $MMAT, recently completed a reverse merger with Torchlight Energy Resources, Inc., represented by the ticker symbol $TRCH. The reverse merger allowed Meta Materials Inc to go public and expand its operations.

While the details of the settlement offer have not been disclosed, it is a significant development in the ongoing investigation. The settlement offer demonstrates the company’s willingness to cooperate with the SEC and resolve any potential legal issues.

Investors and shareholders have been closely following the developments surrounding Meta Materials Inc and its merger with Torchlight Energy Resources. The settlement offer brings hope for a resolution that could potentially mitigate any negative impact on the company’s stock value.

Meta Materials Inc’s subsidiary, Meta Materials Technologies LP (MMTLP), is also involved in the settlement offer. MMTLP specializes in the development and commercialization of advanced materials and nanocomposites.

The news of the settlement offer comes at a crucial time for Meta Materials Inc as it seeks to solidify its position in the market and expand its product offerings. The company has been at the forefront of materials technology innovation, with a focus on applications in the aerospace, automotive, and medical industries.

Meta Materials Inc has received recognition for its cutting-edge technology and has entered into partnerships and collaborations with leading companies in various sectors. The settlement offer aims to resolve any potential regulatory issues and allow the company to continue its growth trajectory.

As the investigation unfolds, Meta Materials Inc remains committed to transparency and compliance with regulatory requirements. The company’s management and executives are fully cooperating with the SEC and are confident in reaching a fair and just resolution.

Investors and stakeholders are advised to monitor the situation closely as further updates are expected in the coming weeks. The outcome of the settlement offer will likely have a significant impact on the future of Meta Materials Inc and its position in the market.

For more information and updates on Meta Materials Inc, please visit their official website www.metamaterial.com.

Disclaimer: This article is for informational purposes only and should not be taken as financial or investment advice.

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🚨🚨BREAKING NEWS🚨🚨META MATERIALS INC MAKES SETTLEMENT OFFER TO SEC REGARDING WELLS NOTICE RE THE COMPANY, EXECUTIVES & THE $MMAT/ $TRCH REVERSE MERGER. $MMTLP @Metamaterialtec https://t.co/9OFTrvcLjl

— JunkSavvy (@JunkSavvy) January 11, 2024

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@JunkSavvy said BREAKING NEWSMETA MATERIALS INC MAKES SETTLEMENT OFFER TO SEC REGARDING WELLS NOTICE RE THE COMPANY, EXECUTIVES & THE $MMAT/ $TRCH REVERSE MERGER. $MMTLP @Metamaterialtec metamaterial.com/meta-materials… twitter.com/i/web/status/1…

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