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🦋 MMAT | MMTLP | TRCH ⚖️ Case: In re Meta Materials Inc., Chapter 7 Bankruptcy 📋 Case No.: 24-50792-gs 📅 Filed: July 1, 2026 📄 Doc. No.: 2902 – Trustee Lovato’s Response to Court’s Directive Regarding Order on Motion to Seal ⚠️ Not Legal Advice – This is a plain-English summary only. Documents provided below. 📝 What happened? The Trustee is responding to Judge Spraker’s request after the June 16 hearing. The Judge wanted to know which parts of the previously sealed Parabellum litigation funding documents should remain confidential—and which parts should be made public. 🔑 Key Takeaways ✅ The Parabellum funding deal is officially terminated. The Trustee confirms the proposed litigation funding arrangement with Parabellum Capital / Project Blazer is no longer in effect. ✅ More information is being unsealed. The Trustee agrees to release portions of the documents that relate specifically to the Meta Materials litigation while continuing to redact unrelated confidential information. 💬 Important Quote from Judge Spraker “I do tend to agree that the other financing details probably should not be disclosed, but the details regarding what was to be the funding… seem to be germane.” Translation: The Judge believes the private financial details can stay confidential, but the Court and the public should understand how the proposed funding for this case was supposed to work. 📂 What remains redacted? The Trustee says these categories will still be protected: 🔒 Names of other unrelated litigation funded under the agreement. 🔒 The security agreement between Christian Attar and Project Blazer. 🔒 The detailed Meta litigation budget. 🔒 Separate retention agreements involving Christian Attar, Kasowitz Benson Torres, and Schneider Wallace. 🎯 Bottom Line This filing does not change the merits of the Meta Materials investigation. Instead, it explains why certain documents should remain sealed while allowing more transparency about the abandoned funding arrangement. The biggest new confirmation is that the Parabellum funding agreement is officially over, while the Trustee continues pursuing the investigation through other means. https://t.co/5TfHRV5wTA

🦋 MMAT | MMTLP | TRCH META MATERIALS INC. Ch. 7 BK Case: 24-50792-hlb (D. Nev.) Date: July 1, 2026 Docs: 2903 & 2904 ⚠️ Not Legal Advice (Full filing attached via Dropbox below.) ⸻ 📄 Doc. 2903 Supplemental Decl. of James W. Christian 📝 Layman’s Summary ✅ Says Christian Attar has no conflict of interest: Not creditors No MMAT shares Not former Meta officers/directors/employees No adverse interest to the estate ✅ Explains the 2023 NBH investigation ended without filing securities fraud claims because they believed there wasn’t enough evidence at that time. ✅ States Meta hired Christian Attar in June 2023, but Meta management chose not to pursue potential market manipulation claims. Christian says he was never told why. ✅ Says today’s Trustee investigation is much broader, with Rule 2004 discovery producing evidence that wasn’t previously available. ✅ Clarifies the current NBH lawsuit involves business interference/defamation claims only and is completely separate from the Meta bankruptcy. 🚨 Takeaway: Christian argues his firm is qualified, conflict-free, and should remain as Special Counsel. ⸻ 📄 Doc. 2904 Trustee Christina Lovato Declaration 📝 Layman’s Summary ✅ Rule 2004 discovery began in Mar. 2025, but key records have only recently started arriving. ✅ Says litigation decisions must be made by early Aug. 2026, making timing critical. ✅ Pushes back on efforts by people who admit they are not Meta shareholders to remove Christian Attar, saying success could benefit legitimate shareholders and creditors. ✅ States replacing counsel now would be impractical given the amount of discovery and approaching deadlines. ✅ Says Christian Attar has no adverse interest and is working 100% on contingency, so the estate bears no litigation risk unless money is recovered. 🚨 Takeaway: Lovato is asking the Court to keep Christian Attar in place because discovery is finally coming in and litigation decisions are approaching quickly. ⸻ 📌 Bottom Line 🦋 Doc. 2903: Christian says his firm is qualified & conflict-free. 🦋 Doc. 2904: Lovato says discovery is finally arriving, the Aug. deadline is near, and changing counsel now could harm the estate. ⚠️ These filings do not mean lawsuits have been filed, but they strongly support keeping the current litigation team in place while the Trustee decides whether to pursue claims. https://t.co/itZSwjN6mU https://t.co/OwNBpb8B9K