NASDAQ, OTC: MMAT, TRCH, MMTLP

Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc.

Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (NASDAQ: MMAT, TRCH) (OTC: MMTLP) between September 21, 2020 and December 14, 2021, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Meta investors under the federal securities laws. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 4, 2022.

If you purchased Meta securities between September 21, 2020 and December 14, 2021 and would like to join the prospective action, please click “Join This Class Action.”

Class Period:September 21, 2020 through December 14, 2021
If you purchased Meta securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • the Business Combination would result in an SEC investigation and subpoena in the matter captioned In the Matter of Torchlight Energy Resources, Inc.;
  • the Company has materially overstated its business connections and dealings; 
  • the Company has materially overstated its ability to produce and commercialize its products; 
  • the Company has materially overstated its products’ novelty and capabilities;
  • the Company’s products did not have the potential to be disruptive because, among other things, the Company priced its products too high; and
  • as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc.
Stock Symbol: MMAT
Class Period: September 21, 2020 through December 14, 2021
Court: United States District Court for the Eastern District of New York

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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