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Meta Materials Settlement defendant
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Metamaterials

Investors 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.

Investors 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. Payout: $3,000,000 total settlement fund. Proof of purchase is required to file. Claim deadline: June 5, 2024. Checked against the official settlement source by SettleSignal on June 19, 2026.

This settlement is closed. The claim deadline was June 5, 2024. It’s listed here for reference — the claim window has closed. Browse settlements open for claims →

Who may qualify

You self-certify the basics when you file — the settlement administrator makes the final eligibility decision.

Investors 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.

This summary is based on available official settlement sources. The settlement administrator determines eligibility and payment approval.

New to the terms? Plain-English: claim deadline, proof of purchase, administrator, pro rata.

Proof requirements

Proof requirement is currently marked as Yes.

Review the official claim form before submitting any information.

Important dates

Jun 5, 2024
closed
Claim deadline (closed)
Last day to submit a claim to the administrator.

How hard is this claim to file?

This is a securities class action settlement for investors who purchased Meta Materials (f/k/a Torchlight Energy Resources) securities during the class period or held Torchlight stock at the merger. Filing a Proof of Claim is required — the settlement is not automatic and a deadline has passed, so the case is in final distribution phase.

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.

How do I file a claim for this settlement?

This record no longer has an open public claim form — confirm the current status and any next steps on the official source.

  1. 1
    Confirm you purchased Meta Materials Inc. or Torchlight Energy Resources securities during the class period, or held Torchlight stock at the June 28, 2021 merger with Metamaterial, Inc.
  2. 2
    Visit the settlement website at https://metamaterialssecuritiessettlement.com/ to check whether late claims are still being accepted, as the Final Report has been submitted.
  3. 3
    If still open, locate and complete the Proof of Claim form available through the settlement website.
  4. 4
    Gather documentation of your securities purchases and holdings (brokerage statements, trade confirmations) for the relevant period.
  5. 5
    Submit the completed claim form with supporting documentation by any remaining deadline indicated on the settlement website.
  6. 6
    Contact the Settlement Administrator at the toll-free number or address if you have questions about your eligibility or claim status.

New to settlement claims? How to file safely →  ·  Worried it might be fake? Run the 60-second legitimacy check →

When will I get paid?

  1. Claims open
  2. Court approval
  3. Payments sent
  4. Distribution complete You are here

Distribution is complete; payments have been issued.

Verify it yourself

How we verified this record

Optional, but it's the whole point — every field below traces to a named official source we re-check on a schedule.

Re-verification in progress 7 / 8 fields checked
  • Claim deadline the official settlement website · Jun 18, 2026
  • Payout details the official settlement website · Jun 18, 2026
  • Eligibility the official settlement website · Jun 18, 2026
  • Proof requirement the official settlement website · Jun 18, 2026
  • Administrator the official settlement website · Jun 18, 2026
  • Court case the official settlement website · Jun 18, 2026
  • Payment status the official settlement website · Jun 19, 2026
  • Official claim link queued for re-check

Every published record clears our source-verification bar; remaining fields are checked one by one on our weekly re-verification pass.

Cross-checked against 2 official sources on file.

Checked fields are matched against a named official source and re-checked on a schedule. We show the authority and the date, never our internal evidence link.

  • Claim deadline

    June 5, 2024

    Verified Jun 18, 2026 · against the official settlement website

  • Eligibility summary

    Investors 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.

    Verified Jun 18, 2026 · against the official settlement website

    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.
  • Proof requirement

    Yes

    Verified Jun 18, 2026 · against the official settlement website

    Proof Of Claim form available through settlement website.
  • Payment status

    Distribution complete

    Verified Jun 19, 2026 · against the official settlement website

  • Estimated payout

    $3,000,000 total settlement fund

    Verified Jun 18, 2026 · against the official settlement website

  • Administrator

    Strategic Claims Services, Inc.

    Verified Jun 18, 2026 · against the official settlement website

Show all 5 more verified fields
  • Class period start

    September 21, 2020

    Verified Jun 18, 2026 · against the official settlement website

  • Class period end

    June 24, 2022

    Verified Jun 18, 2026 · against the official settlement website

  • Court

    United States District Court for the Eastern District of New York

    Verified Jun 18, 2026 · against the official settlement website

  • Court case number

    1:21-cv-07203

    Verified Jun 18, 2026 · against the official settlement website

  • Case name

    In re Meta Materials Inc. Securities Litigation

    Verified Jun 18, 2026 · against the official settlement website

Common questions

Is the Metamaterials settlement legitimate?

Yes — the Metamaterials settlement is a real claims process that SettleSignal tracks from its official source. It is administered by Strategic Claims Services, Inc. under case 1:21-cv-07203 in United States District Court for the Eastern District of New York. File only through the official settlement website (metamaterialssecuritiessettlement.com); a genuine settlement administrator never charges a fee to file. SettleSignal last checked this record against the official source on June 19, 2026. Always confirm the current details on the official site before filing.

Who may qualify for this settlement?

Investors 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.

How much can I get from the Metamaterials settlement?

$3,000,000 total settlement fund. The exact amount you may receive is decided by the settlement administrator based on your valid claim and is not guaranteed; a total settlement-fund figure is shared among all eligible claimants, not paid to each person.

What is the claim deadline?

The claim deadline is June 5, 2024. Confirm the current deadline on the official settlement source before filing.

Do I need proof to claim?

Proof requirement: Yes. The settlement administrator determines what documentation, if any, is required.

What is the current payment status?

Current payment status: Distribution complete. Payments are issued by the administrator after the court process concludes.

When will Metamaterials pay out?

Current payment status: Distribution complete. Class-action payouts typically begin only after final approval and any appeals. See our payout timeline guide.

Where is the official Metamaterials claim form?

The official claim form is hosted by the settlement administrator, Strategic Claims Services, Inc.. Use the 'Open official claim form' button on this page — never pay a fee to file.

Where to act

When you are ready, you open the official claim form yourself. SettleSignal does not file claims or determine eligibility.

No public claim form Track it free

The claim deadline (Jun 05, 2024) has passed — this settlement is closed to new claims. Listed for reference.

Not ready to file today? Track it free — we'll remind you 30, 14, 7, and 1 day before Jun 5, 2024, and keep your claim details in one place.

Listed on the official settlement website (Strategic Claims Services).

Status history

Every status and verification change we have recorded for this settlement, newest first. We log the date we made each change; we never publish the underlying evidence link.

  1. Settlement published after verification.
  2. Verified field details updated from an official source.
  3. Verified field details updated from an official source.
SettleSignal summary card for Metamaterials — $3M fund, claim by June 5, 2024. Checked against the official settlement source on June 19, 2026.
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Disclaimer

SettleSignal summarizes publicly available settlement information and links to official settlement sources. We are not a law firm, do not provide legal advice, do not submit claims on your behalf, and do not determine eligibility or payout approval. You open the official claim form yourself. Only file a claim if the information you provide is accurate.