Our Board of Directors can, without approval of our stockholders, issue one or more series of Preferred Stock and determine the number of shares of each series and the rights, preferences, and limitations of each series. ![]() The outstanding shares of Common Stock are validly issued, fully paid and nonassessable. There are no sinking fund provisions applicable to the Common Stock. The holders of the Common Stock do not have preemptive subscription, redemption or conversion rights under our Articles of Incorporation.Ĭumulative voting in the election of Directors is not permitted. Upon liquidation, dissolution or winding up of the Company, the holders of the Common Stock are entitled to share ratably in all aspects of the Company that are legally available for distribution, after payment of or provision for all debts and liabilities and after payment to the holders of Preferred Stock, if any. Right to Receive Liquidation Distributions Each stockholder is entitled to one vote for each share of Common Stock held on all matters submitted to a vote of the stockholders. The rights of all holders of the Common Stock are identical in all respects. Additionally, we currently have warrants and stock options outstanding that are exercisable into a total of approximately 18,509,876 shares of Common Stock. As of December 31, 2021, there were approximately 284,573,316 shares of Common Stock outstanding (including 1,872,750 shares of unvested restricted stock), and 164,923,363 shares of Preferred Stock which consist of 164,923,363 designated shares of Series A Non-Voting Preferred Stock and 0 designated shares of Series B Special Voting Preferred Stock, each as described below. Our authorized capital stock consists of 1,000,000,000 shares of common stock, par value $0.001 per share (the “Common Stock”), and 200,000,000 shares of preferred stock, par value $0.001 per share (the “Preferred Stock”). The description is intended as a summary, and is qualified in its entirety by reference to our Articles of Incorporation and our Bylaws, copies of which have been filed as exhibits to the Annual Report on Form 10-K of which this Exhibit 4.6 is a part. (the “Company,” “we,” “us” and “our”) summarizes certain provisions of our articles of incorporation, as amended (the “Articles of Incorporation”), and our amended and restated bylaws (the “Bylaws”). View source version on businesswire.The following description of capital stock of Meta Materials Inc. Prior results do not guarantee similar outcomes. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.īronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. If you suffered a loss in Meta you have until March 4, 2022, to request that the Court appoint you as lead plaintiff. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 21. ![]() If you wish to review a copy of the Complaint you can visit the firm’s site: or you may contact Peretz Bronstein, Esq. When the true details entered the market, the lawsuit claims that investors suffered damages.Ī class action lawsuit has already been filed. (2) the Company has materially overstated its business connections and dealings (3) the Company has materially overstated its ability to produce and commercialize its products (4) the Company has materially overstated its products’ novelty and capabilities (5) the Company’s products did not have the potential to be disruptive because, among other things, the Company priced its products too high and (6) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. would result in an SEC investigation and subpoena in the matter captioned In the Matter of Torchlight Energy Resources, Inc. The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the business combination of Torchlight Energy Resources, Inc. Such investors are encouraged to join this case by visiting the firm’s site: This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act"). ![]() (“Meta” or the “Company”) (NASDAQ: MMAT, TRCH) (OTC: MMTLP) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Meta securities between Septemand December 14, 2021, both dates inclusive (the "Class Period"). Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Meta Materials Inc.
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