UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~June~~July 2503, 2024

Meta Materials Inc.

(Exact name of Registrant as Specified in Its Charter)


Nevada	001-36247	74-3237581
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

60 Highfield Park Dr
Dartmouth, Nova Scotia, Canada		B3A 4R9
(Address of Principal Executive Offices)		(Zip Code)

    Registrant’s Telephone Number, Including Area Code: 902 482-5729

   

    Not Applicable

   

(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:

☐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:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.001 per share	MMAT	The Nasdaq Stock Market LLC

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 81.01. ~~Other~~Entry ~~Events~~into a Material Definitive Agreement.

OnIn ~~June~~connection ~~25,~~with ~~2024,~~ the ~~U.S.~~continued ~~Securities~~evaluation ~~and~~of ~~Exchange~~strategic ~~Commission~~alternatives of Meta Materials Inc. (the “~~SEC~~Company”) ~~issued~~and anits ~~Order~~subsidiaries, ~~Instituting~~on ~~Cease-and-Desist~~July ~~Proceedings~~3, ~~Pursuant~~2024, toNanotech ~~Section~~Security 8Corp. (a“NSC”), a wholly-owned subsidiary of ~~the~~1315115 ~~Securities~~BC ~~Act~~Inc., which is a wholly subsidiary of ~~1933~~the Company, entered into an Asset Purchase Agreement (the “~~Securities~~Purchase ~~Act~~Agreement”) with Authentix, Inc., a Delaware corporation (“Authentix”), and ~~Section~~Authentix ~~21C~~Canada ofSolutions, ~~the~~Inc., ~~Securities~~a ~~Exchange~~corporation ~~Act~~formed under the laws of ~~1934~~British Columbia, Canada (~~the~~together ~~“Exchange~~with ~~Act~~Authentix, “Buyer”), ~~Making~~pursuant ~~Findings~~to which, ~~and~~subject ~~Imposing~~to athe ~~Cease-~~satisfaction or waiver of certain conditions, Buyer agreed to (i) purchase substantially all of the assets owned by NSC and~~-Desist~~ ~~Order~~used in the operation of the Company’s authentication business unit (the “~~Settlement~~Authentication ~~Order~~Business”) ~~resolving~~and ~~the~~(ii) ~~previously~~assume ~~disclosed~~certain ~~SEC~~liabilities ~~inquiry~~with ~~into~~respect ~~Meta~~to ~~Materials~~the ~~Inc.~~Authentication Business (collectively, the “~~Company~~Transaction”). ~~related~~The toassets included in the Transaction excludes, among other things, ~~the~~any ~~merger~~cash ~~involving~~and ~~Torchlight~~cash ~~Energy~~equivalents, ~~Resources~~any rights to tax refunds or overpayments, ~~Inc.~~insurance ~~and~~policies, ~~Metamaterial~~employee ~~Inc.~~benefit plans, certain real property, and ~~other~~corporate ~~matters~~and inpersonnel ~~connection~~records ~~with~~of NSC or the ~~foregoing~~Company.

~~The~~Under ~~Company has agreed to settle with~~ the ~~SEC,~~terms ~~without~~of ~~admitting or denying~~ the ~~allegations~~Purchase ~~described~~Agreement, inBuyer ~~the~~agreed ~~Settlement Order. The Settlement Order requires the Company~~ to ~~(i)~~pay ~~cease~~NSC ~~and~~an ~~desist~~aggregate ~~from~~of ~~committing~~$10 ormillion ~~causing~~for ~~any~~the ~~violations~~Authentication ~~and~~Business ~~any future violations of Section 17~~(~~a) of~~ the ~~Securities~~“Purchase ~~Act~~Price”), ~~Sections~~which ~~10(b),~~includes ~~13(a),~~the ~~13(b)(2)(A),~~previously ~~13(b)(2)(B),~~announced ~~and~~$4 ~~14(a)~~million of ~~the~~deposits ~~Exchange~~paid ~~Act~~by ~~and~~Buyer ~~Rules 10b-5~~(~~a),~~the ~~10b-5(c~~“Deposits”), ~~12b-20,~~which ~~13a-11,~~will ~~and~~be ~~14a-9~~applied ~~thereunder,~~to ~~and~~the ~~(ii)~~Purchase ~~pay,~~Price aat ~~civil~~closing. ~~penalty~~An inaggregate ~~the amount~~ of $~~1,000,000~~3 tomillion ~~the~~will ~~SEC,~~also ~~with~~be ~~payment~~withheld offrom the ~~civil~~Purchase ~~penalty~~Price ~~made~~(a) into ~~the~~cover ~~following~~certain ~~installments:~~amounts ~~$250,000~~to ~~within~~due 30to ~~days~~the ~~after~~landlord ~~entry~~ of ~~the~~certain ~~Settlement~~leased ~~Order,~~properties ~~$250,000~~of ~~within~~NSC ~~120~~and ~~days~~(b) ~~after~~to ~~entry~~be ofheld ~~the~~in ~~Settlement~~escrow ~~Order,~~by ~~$250,000~~Buyer’s ~~within~~counsel ~~210~~for ~~days~~the ~~after~~payment ~~entry~~ of ~~the~~taxes ~~Settlement Order,~~ and ~~the~~liens ~~remaining~~related ~~balance~~to ~~within 300 days after entry of~~ the ~~Settlement~~Thurso ~~Order~~property.

The ~~foregoing~~Purchase ~~description~~Agreement ofcontains ~~the~~representations, ~~Settlement~~warranties, ~~Order~~covenants, ~~does~~indemnification ~~not~~and ~~purport~~other terms customary for a similar asset disposition. The Transaction is subject to becustomary ~~complete~~closing conditions and iscovenants, ~~qualified~~including inthe ~~its~~conduct ~~entirety~~of bythe ~~reference~~authentication business prior to closing. In addition, as a condition to closing of the ~~Settlement~~Transaction, ~~Order.~~the ~~The~~parties ~~Settlement~~agreed ~~Order~~that iscertain ~~attached~~NSC asemployees ~~Exhibit~~would ~~99.1~~be ~~hereto~~terminated by NSC prior to closing, and isBuyer ~~incorporated~~would ~~herein~~make byoffers ~~reference~~of employment to such employees on terms no less favorable than current employment terms with NSC.

The Purchase Agreement may be terminated (i) by mutual written consent by the parties thereto, (ii) by either party upon material breach of the other party of the Purchase Agreement, subject to certain conditions, (iii) by either party if the closing of the Purchase Agreement does not occur by August 15, 2024, subject to certain conditions, and (iv) other customary termination provisions. Other than the repayment of the Deposits or as otherwise set forth in the Purchase Agreement, there are no penalties or obligations due by either party upon termination of the Purchase Agreement.

The foregoing summary of the Purchase Agreement and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety by the full text of the Purchase Agreement, a copy of which is attached as Exhibit 2.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

    Item 9.01.

    Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1	Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8(a) of the Securities Act of 1933 and Section 21(c) of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order.
2.1#	Asset Purchase Agreement, dated July 3, 2024, among Nanotech Security Corp., Authentix, Inc. and Authentix Canada Solutions, Inc.
104	Cover Page Interactive Data File (embedded within Inline XBRL document).

# Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to supplementally furnish copies of any omitted schedules and exhibits to the SEC upon request.

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:	~~June~~July 255, 2024	By:	/s/ Uzi Sasson
			Uzi SassonPresident and Chief Executive Officer

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