Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MMAT | Exchangeable Shares | Gift | -1.35M | -6.85% | 18.4M | Dec 20, 2022 | Exchangeable Shares | 1.35M | Direct | F1 | |||
transaction | MMAT | Exchangeable Shares | Gift | +1.35M | +7.93% | 18.4M | Dec 20, 2022 | Exchangeable Shares | 1.35M | By Charity | F1, F2 |
Id | Content |
---|---|
F1 | 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. |
F2 | On December 20, 2022, the reporting persons made a charitable gift of 1,350,000 Exchangeable Shares to a charity in which the reporting persons hold decision making influence. In the hands of the charity, the reporting persons disclaim beneficial ownership in the gifted Exchangeable Shares, and this report should not be deemed an admission that the reporting persons are the beneficial owners of the charity's shares for purposes of Section 16 or for any other purpose. |