Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MMAT | Common Stock | Options Exercise | $485K | +500K | +25.66% | $0.97 | 2.45M | Oct 25, 2022 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MMAT | Exchangeable Shares | Options Exercise | -500K | -2.47% | 19.7M | Oct 25, 2022 | Common Stock | 500K | Direct | F1, F2 |
Id | Content |
---|---|
F1 | On October 25, 2022, the reporting person exchanged 500,000 Exchangeable Shares into 500,000 shares of MMAT common stock at an exchange price of $0.9704, the market price of the common stock on the business day of the exchange. |
F2 | Each Exchangeable Share, an exchangeable share of Metamaterial Exchangeco Inc., an Ontario corporation, is the economic equivalent of one share of MMAT common stock. Each Exchangeable Share holds a voting interest in Meta Materials Inc. equivalent to a share of common stock of Meta Materials Inc. and will be settled in shares of MMAT common stock upon certain events or at the election of the holder. |