UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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(IRS Employer Identification No.) |
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| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
As previously reported by Meta Materials Inc. (the “Company”) in its Current Report on Form 8-K filed with the Securities and Exchange Commission on August 30, 2022, the Company received written notice (“The Bid Price Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) on August 25, 2022 indicating that the Company was not in compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”).
On November 9, 2022, the Company received a letter (the “Compliance Letter”) from Nasdaq indicating that it has determined that, because the closing bid price of the Company’s common stock, par value $0.001 per share, was greater than $1.00 per share for the previous 10 consecutive trading days, the Company is now in full compliance with the Bid Price Rule. Accordingly, the Company has regained full compliance and the matter is now closed.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| META MATERIALS INC. | ||||||
| Date: November 9, 2022 | By: | /s/ Ken Rice | ||||
| Ken Rice | ||||||
| Chief Financial Officer & Chief Operating Officer | ||||||
Document and Entity Information |
Nov. 09, 2022 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0001431959 |
| Document Type | 8-K |
| Document Period End Date | Nov. 09, 2022 |
| Entity Registrant Name | META MATERIALS INC. |
| Entity Incorporation State Country Code | NV |
| Entity File Number | 001-36247 |
| Entity Tax Identification Number | 74-3237581 |
| Entity Address, Address Line One | 1 Research Drive |
| Entity Address, City or Town | Dartmouth |
| Entity Address, State or Province | NS |
| Entity Address, Country | CA |
| Entity Address, Postal Zip Code | B2Y 4M9 |
| City Area Code | (902) |
| Local Phone Number | 482-5729 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, par value $0.001 per share |
| Trading Symbol | MMAT |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
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