Meta Materials Inc., facing ongoing liquidity issues, is actively exploring strategic alternatives, including asset divestiture, additional financing, or a potential sale of the company. On June 5, 2024, the company's subsidiary, Nanotech Security Corp., received a $2.0 million deposit from a U.S.-based buyer as part of a non-binding term sheet for the proposed sale of assets related to Meta Materials' authentication business. This deposit, which will contribute to the final purchase price, may be used as working capital before the sale's completion. The terms of the sale are subject to due diligence, definitive agreement negotiations, and approvals. Despite this development, there is no certainty that the proposed asset sale will occur or resolve the company's financial challenges.

Meta Materials Inc., facing ongoing liquidity issues, is actively exploring strategic alternatives, including asset divestiture, additional financing, or a potential sale of the company. On June 5, 2024, the company's subsidiary, Nanotech Security Corp., received a $2.0 million deposit from a U.S.-based buyer as part of a non-binding term sheet for the proposed sale of assets related to Meta Materials' authentication business. This deposit, which will contribute to the final purchase price, may be used as working capital before the sale's completion. The terms of the sale are subject to due diligence, definitive agreement negotiations, and approvals. Despite this development, there is no certainty that the proposed asset sale will occur or resolve the company's financial challenges.