Meta Materials Inc. (NasdaqCM:MMAT) acquired Plasma App Ltd. for $17 million on April 1, 2022. The consideration comprises of issuance of 9,677,419 Meta shares at closing and 1,075,268 additional Meta shares to be issued on October 1, 2023, subject to reductions arising from general and specific claims and warranties that might arise. Founder Dmitry Yarmolich will join Meta. Wilson Sonsini Goodrich & Rosati acted as legal advisor to Meta Materials Inc.

Meta Materials Inc. (NasdaqCM:MMAT) completed the acquisition of Plasma App Ltd. on April 1, 2022.