Meta Materials Closes, Files for Bankruptcy, and Leadership Exits

Meta Materials (MMAT) has shared an announcement.

Meta Materials, Inc., a Nevada-based company, shuttered its doors and filed for Chapter 7 bankruptcy on August 9, 2024, after exploring all other options. This filing means that a trustee will be appointed to manage the liquidation of the company’s assets. The company also terminated all its employees and executives and the board of directors resigned, all in conjunction with the bankruptcy proceedings. These steps are part of the formal process to wind down the company and address its debts.

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