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Meta Materials Inc
Meta Materials Inc (META) was founded in 2010 as a developer of high-performance functional materials and nanocomposites.
Meta Materials Inc
Meta Materials Inc (META) was founded in 2010 as a developer of high-performance functional materials and nanocomposites. The company, formerly known as Metamaterial Inc., went public on Nasdaq under ticker MMAT before entering bankruptcy proceedings. Its technology platform produced solutions spanning aerospace, defense, automotive, 5G communications, brand protection, and clean energy. The firm's portfolio included NANOWEB technology, an alternative to indium tin oxide for touchscreens, and solar films designed to increase solar cell efficiency by collecting light from all angles. Meta Materials also developed anti-counterfeiting features for government documents and currencies. It partnered with leading OEMs across industries, though specific named portfolio companies are limited. The company operated primarily in Canada and served global customers. Meta Materials disclosed a workforce reduction and a $3.4 million registered direct offering in 2023. In December 2024, the trustee's attorney announced an extended bar date for shareholders to file proofs of interest in the bankruptcy proceedings (per company website, December 2024). No team size or additional offices have been publicly detailed. The company's structural differentiator was its platform approach: metamaterials designed around unique patterns that interact with light and energy in ways not found in nature. This allowed faster and cheaper prototyping than traditional chemical synthesis, enabling partnerships with established global brands rather than manufacturing finished products itself.
General information
Firm type
other
Year founded
2010
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
—
Corporate office
Canada
Sector focus
Frequently asked questions
What happened to Meta Materials' Nasdaq listing?
Meta Materials traded on Nasdaq under ticker MMAT before the company entered bankruptcy proceedings in 2024. The firm previously regained compliance with Nasdaq listing requirements in 2023 after a period of non-compliance (per company press releases, 2023).
What technology did Meta Materials develop?
Meta Materials developed NANOWEB, a transparent conductive film for consumer electronics, and solar films that capture light from multiple angles to increase cell efficiency. The company also created anti-counterfeiting features for government documents and currencies, and solutions for EMI shielding, de-icing, and de-fogging in aerospace and defense (per company website).
Who were Meta Materials' key partners?
Meta Materials listed Airbus as a partner, through an investment by Airbus's innovation and technology branch. The company sought partnerships with leading OEMs in consumer electronics, automotive, aerospace, energy, and medical devices. Specific named partners beyond Airbus are not publicly detailed (per company website).
What was Meta Materials' revenue and funding situation near the end?
In 2023, Meta Materials announced a $3.4 million registered direct offering priced at-the-market, and reported preliminary fourth-quarter 2023 results. The company also implemented a workforce reduction. By December 2024, the trustee's attorney confirmed bankruptcy proceedings were ongoing (per company website, 2023–2024).
Is Meta Materials still operational?
As of 2024, Meta Materials is in bankruptcy proceedings. The trustee's attorney announced an extended bar date for shareholders to file proofs of interest, potentially extending through 2025. No current operational status beyond the bankruptcy process has been disclosed (per company website, December 2024).
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