Deadline on March 4th coming up in Lawsuit for Investors in Meta Materials Inc. (NASDAQ: MMAT)

A deadline is coming up on March 4, 2022 in the lawsuit filed for certain investors of Meta Materials Inc. (NASDAQ: MMAT) over alleged securities laws violations by Meta Materials Inc.

Investors who purchased shares of Meta Materials Inc. (NASDAQ: MMAT) have certain options and there are strict and short deadlines running. Deadline: March 4, 2022. NASDAQ: MMAT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges on behalf of purchasers of Meta Materials Inc. (NASDAQ: MMAT) common shares between September 21, 2020 and December 14, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 21, 2020 and December 14, 2021, the defendants made false and/or misleading statements and/or failed to disclose, that the business combination of Torchlight Energy Resources, Inc. and Metamaterial Inc. would result in an SEC investigation and subpoena in the matter captioned In the Matter of Torchlight Energy Resources, Inc, that the Company has materially overstated its business connections and dealings, that the Company has materially overstated its ability to produce and commercialize its products, that the Company has materially overstated its products' novelty and capabilities, that the Company's products did not have the potential to be disruptive because, among other things, the Company priced its products too high, and that as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of Meta Materials Inc. (NASDAQ: MMAT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.