Meta Materials (MMAT) Prices 83.33M Share and Warrant Offering at $0.30/sh

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Meta Materials Announces Pricing of $25 Million Underwritten Public Offering

April 14, 2023 8:31 AM EDT

HALIFAX, NS / ACCESSWIRE / April 14, 2023 / 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 priced an underwritten public offering of 83,333,334 shares of its common stock and warrants to purchase up to an aggregate of 83,333,334 shares of common stock at a combined public offering price of $0.30 per share and accompanying warrant. META has granted the underwriters a 30-day overallotment option to purchase up to an additional 12,500,000 shares of its common stock... More