Meta Materials (MMAT) Sells 37M Shares at $1.35 in Direct Offering

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/28/2026

1. ENPH
2. HOOD
3. SPY
4. BA
5. STX
6. NXPI
7. NOW
8. GOOGL
9. CSGP
10. LSTR

Go back to Meta Materials (MMAT) Sells 37M Shares at $1.35 in Direct Offering

Meta Materials Announces $50 Million Registered Direct Offering

June 24, 2022 1:21 PM EDT

HALIFAX, 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