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Meta Materials | 424B5: Prospectus

SEC announcement ·  Feb 21 07:35
Summary by Moomoo AI
Meta Materials Inc. (MMAT.US) has announced a registered direct offering of securities, including 620,000 shares of common stock and pre-funded warrants to purchase up to 230,000 shares of common stock, accompanied by warrants to purchase up to 850,000 shares of common stock. The offering is made to an institutional investor pursuant to a prospectus supplement and the accompanying base prospectus dated November 18, 2022, under a securities purchase agreement. The pre-funded warrants are immediately exercisable at $0.001 per share and expire upon full exercise, while the accompanying warrants are exercisable at $3.91 per share and expire five years from issuance. The securities are offered in a bundle but will be issued separately and are immediately separable upon issuance. The common stock is listed on...Show More
Meta Materials Inc. (MMAT.US) has announced a registered direct offering of securities, including 620,000 shares of common stock and pre-funded warrants to purchase up to 230,000 shares of common stock, accompanied by warrants to purchase up to 850,000 shares of common stock. The offering is made to an institutional investor pursuant to a prospectus supplement and the accompanying base prospectus dated November 18, 2022, under a securities purchase agreement. The pre-funded warrants are immediately exercisable at $0.001 per share and expire upon full exercise, while the accompanying warrants are exercisable at $3.91 per share and expire five years from issuance. The securities are offered in a bundle but will be issued separately and are immediately separable upon issuance. The common stock is listed on The Nasdaq Capital Market under the symbol 'MMAT,' with a reported closing price of $4.53 per share as of February 16, 2024. There is no established public trading market for the warrants or pre-funded warrants, and no intention to list them on any securities exchange, limiting their liquidity. A.G.P./Alliance Global Partners is retained as the placement agent for the offering, with no obligation to buy any securities. The offering is expected to close on or about February 21, 2024, with proceeds intended for technology commercialization, sales efforts, and general corporate purposes.

This announcement is a separate document:

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