The Ontario Securities Commission (OSC) has issued an order recognizing that Metamaterial Inc. is no longer offering its securities to the public. This decision is based on the provisions of subsection 1(6) of the Business Corporations Act (Ontario) (OBCA). Metamaterial Inc. has been identified as an offering corporation under the OBCA and has stated that it does not plan to seek public financing through securities offerings. The company had previously been granted an order confirming that it is not a reporting issuer in Ontario or any other Canadian jurisdiction, as per National Policy 11-206. The OSC has determined that granting this order would not be against the public interest. Consequently, Metamaterial Inc. is deemed to have ceased public securities offerings as of August 3, 2021.
