META MATERIALS INC. MMAT (last ticker on record)

CIK 1431959Its SEC filings (opens in a new tab)

Delisting notice (not a red flag)
95% wipeout
Restructuring
SEC/DOJ scrutiny
Bankruptcy

These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.

Red flags: 4; Newest began Aug 2024
Largest fall in its shares: 99%; Jun 2021 to Jan 2024
Law firms: 7; Linked to 5 or more companies
Lawyers: 9; Linked to 5 or more companies

What happened

Aug 14, 2024Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Aug 9, 2024Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Jun 25, 2024SEC administrative actionSEC order (opens in a new tab)
May 3, 2024Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Feb 13, 2024Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 30, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Sep 19, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Aug 9, 2023A filing mentions an SEC subpoenaForm 10-Q (opens in a new tab)
Jul 25, 2023A filing mentions a Wells noticeForm 8-K (opens in a new tab)
Jun 20, 2023Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Apr 12, 2023Shares down 95% from their high
Nov 9, 2022A filing mentions an SEC subpoenaForm 10-Q (opens in a new tab)
Aug 31, 2022Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 15, 2021A filing mentions an SEC subpoenaForm 10-Q (opens in a new tab)
Nov 25, 2019Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 8, 2018Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Feb 26, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jan 23, 2015Delisting notice (Item 3.01)Form 8-K (opens in a new tab)

An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.

Law firms

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.

Law firms linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Ballard Spahr	May 2021	Named in a filing	492	1.23	1.06	0.73
Fasken Martineau	Feb 2021	Named in SEC correspondence	126	1.03	0.37	0.87
K&L Gates	Feb 2021	Named in SEC correspondence	723	1.06	1.35	1.18
Wilson Sonsini Goodrich & Rosati	Feb 2021	Named in SEC correspondence	1,468	1.09	0.60	1.42
Axelrod, Smith & Kirshbaum	Apr 2014	Named in SEC correspondence	24	1.89	1.50	0.69
Reed Smith	Apr 2014	Text search only	487	1.15	0.77	1.13
Timothy S. Orr, PLLC	May 2008	Text search only	33	1.36	1.39	1.57

Lawyers

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.

Lawyers linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Robert L. Wernli Jr.Wilson Sonsini Goodrich & Rosati	Jun 2022	Named in SEC correspondence	21	2.47	4.61	2.01
Thomas E. HornishWilson Sonsini Goodrich & Rosati	Jul 2021	Named in SEC correspondence	11	4.08	0.00	2.04
Tom HornishWilson Sonsini Goodrich & Rosati	Jun 2021	Named in SEC correspondence	5	5.17	0.00	2.26
Martin J. WatersWilson Sonsini Goodrich & Rosati	May 2021	Named in SEC correspondence	24	1.91	0.88	2.49
Michael A. HedgeK&L Gates	Mar 2021	Named in SEC correspondence	32	1.98	0.77	1.98
Ethan LutskeWilson Sonsini Goodrich & Rosati	Feb 2021	Named in SEC correspondence	14	2.79	0.00	1.47
Jason C. DreibelbisK&L Gates	Feb 2021	Named in SEC correspondence	8	1.47	0.00	1.64
Robert D. AxelrodAxelrod, Smith & Kirshbaum	Apr 2014	Named in SEC correspondence	18	1.96	1.20	0.44
Timothy S. OrrTimothy S. Orr, PLLC	May 2008	Named in a filing	32	1.36	1.43	1.68