Meta materials registration#
The offering is being made only by means of a prospectus supplement that forms a part of the registration statement. 333-256632), including a base prospectus, previously filed with and declared effective by the Securities and Exchange Commission (the "SEC") on June 14, 2021. The securities are being offered and sold by the Company pursuant to a prospectus supplement and an accompanying prospectus forming part of a "shelf" registration statement on Form S-3 (Registration No. is acting as financial advisor to the Company for this transaction. Roth Capital Partners and A.G.P./Alliance Global Partners are acting as co-placement agents for the offering.
The closing of the offering is expected to occur on or about June 28, 2022, subject to the satisfaction of customary closing conditions. The warrants will become exercisable six months after the issuance date and expire five and a half years after the initial issuance date. The gross proceeds to the Company from the offering are expected to be approximately $50 million, before deducting placement agent fees and other estimated offering expenses. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale in a registered direct offering of 37,037,039 shares of the Company's common stock at a purchase price of $1.35 per share and warrants to purchase 37,037,039 shares at an exercise price of $1.75 per share. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021.HALIFAX, NS / ACCESSWIRE / J/ Meta Materials Inc. Together with our partners, we go beyond what’s possible today by creating intelligent surfaces that protect, detect and connect. At META we make surfaces smarter, more sustainable, and we do more with less. META’s Nanotech business recently renewed a frame agreement with a top-ten central bank to develop a new security feature, and has delivered its LumaChrome™ security feature for more than 30 banknote denominations. META has worked with some of the world’s leading companies including Airbus, Satair, Lockheed Martin, and Sekisui. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Our technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. This allows us to develop a library of solutions and functional prototypes much faster and at lower cost than traditional chemical synthesis.
Meta materials software#
Our extensive technology platform encompasses three core capabilities, holography, lithography, and wireless sensing, and is software and AI-design driven. Through applied physics and advanced design, we are pioneering a new class of multi-functional materials - called metamaterials - which have engineered properties that Go Beyond what is found in nature. (META®) is a developer of high-performance functional materials and intelligent surfaces that are scalable, sustainable, and efficient.
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