Every dollar amount and date on this page is quoted from the official settlement document.
Metamaterials
Court case: In re Meta Materials Inc. Securities Litigation
Meta Materials Inc. (formerly Torchlight Energy Resources) agreed to pay $3 million to settle a securities class action covering investors who purchased Meta Materials securities between September 21, 2020 and June 24, 2022, or held Torchlight Energy Resources stock at the June 28, 2021 merger. The case was filed in the U.S. District Court for the Eastern District of New York. The claim filing window has closed.
Official eligibility wordingInvestors who purchased Meta Materials securities during the class period (Sep 21, 2020 – Jun 24, 2022) or held Torchlight Energy Resources stock at the Jun 28, 2021 merger with Metamaterial, Inc. Checked against the official settlement source by SettleSignal on June 19, 2026.
Key facts
- Who may qualify Covered investors who bought Meta Materials securities between September 21, 2020 and June 24, 2022, or who held Torchlight Energy Resources stock as of the June 28, 2021 merger date.
- Estimated payout$3,000,000 total settlement fund
- Claim deadlineJune 5, 2024 (closed)
- Proof requiredYes
- What you needFiling closed June 5, 2024—no new claims are being accepted.
- CourtUnited States District Court for the Eastern District of New York
How hard is this claim to file?
Documents you'll need
Watch out for
- The Final Report has been submitted, which typically means the claims period has closed and funds are being distributed — verify on the settlement website whether any filing opportunity remains.
- Proof of claim is required; there is no automatic payment even if you are eligible.
- Eligibility covers two distinct groups: securities purchasers during the class period AND Torchlight stockholders at the merger date — confirm which category applies to you.
- You must provide documentation of your purchases and holdings; unsupported claims are typically rejected.
We prepare — you file on the official site yourself. This is not legal advice and is not an eligibility decision; the administrator and court decide.
Verify it yourself
How we verified this record
- Claim deadline Jun 18, 2026
- Payout details Jun 18, 2026
- Eligibility Jun 18, 2026
- Proof requirement Jun 18, 2026
- Administrator Jun 18, 2026
- Court case Jun 18, 2026
- Payment status Jun 19, 2026
- 1 field queued for re-check
2 official sources linked to this record.
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Claim deadline
June 5, 2024
Verified Jun 18, 2026
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Eligibility summary Quoted in the official eligibility wording above ↑
Verified Jun 18, 2026
Investors who purchased company securities during the class period September 21, 2020 to June 24, 2022, inclusive, or held Torchlight Energy Resources stock at the June 28, 2021 merger with Metamaterial, Inc.
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Proof requirement
Yes
Verified Jun 18, 2026
Proof Of Claim form available through settlement website.
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Payment status
Distribution complete
Verified Jun 19, 2026
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Estimated payout
$3,000,000 total settlement fund
Verified Jun 18, 2026
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Administrator
Strategic Claims Services
Verified Jun 18, 2026
Show all 5 more verified fields
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Class period start
September 21, 2020
Verified Jun 18, 2026
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Class period end
June 24, 2022
Verified Jun 18, 2026
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Court
United States District Court for the Eastern District of New York
Verified Jun 18, 2026
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Court case number
1:21-cv-07203
Verified Jun 18, 2026
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Case name
In re Meta Materials Inc. Securities Litigation
Verified Jun 18, 2026
Where to act
