Meta Materials Inc (MMAT)

[janice shell]

OMIGOD!! I am absolutely astonished:

As to the Company’s S-1 registration statement regarding the subscription rights to receive common stock in a future subsidiary, Greg McCabe, Next Bridge’s chairman and CEO, commented, “The SEC has requested that we withdraw our registration statement at this time and file a new registration statement in the future following formation of the subsidiary and the completion of full audited financials of such subsidiary. Next Bridge has made the necessary filings to commence the requested withdrawal and is considering if Next Bridge will refile a new registration statement with the SEC’s requirements.

https://assets-global.website-files.com/6169e69d0075ec7c66221a8b/65c4fc6719f5a246d32e6059_NBH%20-%20Press%20Release%20(Withdrawal)%20Exhibit%2099.1%20vF%202-8-24.pdf

Seriously? They want to recreate the MMTLP mess? And do they realize that the SEC is very, very unhappy with them?

That PR was dated 8 February. And on the same day, they withdrew the registration statement:

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1936756/000119983524000074/form_8k.htm

And for more fun, today they announced that they'd fired their auditor, BF Borgers:

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1936756/000119983524000087/form_8k.htm

Good lord!

The report of BF Borgers CPA PC on the Company’s financial statements for the years ended December 31, 2022 and 2021 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles, but the report of BF Borgers CPA PC contained an emphasis of a matter paragraph which indicated conditions existed which raised substantial doubt about our ability to continue as a going concern. During the years ended December 31, 2022 and 2021, there were no: (1) disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and BF Borgers CPA PC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreement if not resolved to the satisfaction of BF Borgers CPA PC would have caused BF Borgers CPA PC to make reference thereto in its reports on the financial statements for such years, or (2) reportable events (as described in Item 304(a)(1)(v) of Regulation S-K).

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1936756/000119983524000087/form_8k.htm

The letter from Borgers:

https://www.sec.gov/Archives/edgar/data/1936756/000119983524000087/nbhi_ex16-1.htm