Meta Materials (MMAT) Sells 37M Shares at $1.35 in Direct Offering
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Meta Materials Announces $50 Million Registered Direct Offering
June 24, 2022 1:21 PM EDTHALIFAX, NS / ACCESSWIRE / June 24, 2022 / Meta Materials Inc. (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. The gross proceeds to the Company from the offering are expected to be... More
