MetaOptics Ltd, a Singapore-based semiconductor optics company, has announced its intention to pursue a dual listing on the NASDAQ stock exchange in New York. This strategic move is designed to provide MetaOptics with access to a broader range of investors, including institutional and private investors in the US, thereby enhancing its ability to raise capital and explore strategic investments such as mergers and acquisitions.
The company believes that listing on NASDAQ will not only improve the trading liquidity of its securities but also bolster its metalens design and fabrication capabilities in the US. This proximity to potential key customers is expected to support the advancement of next-generation optical technologies across various sectors.
MetaOptics is currently in the process of appointing professional advisers, including a lead underwriter, legal adviser, and external auditor, to facilitate the listing process. However, the company cautions that the proposed listing is still in its preliminary stages and subject to due diligence, regulatory approvals, and market conditions.
MetaOptics, known for its pioneering glass-based metalens solutions enhanced by AI-driven image processing, is headquartered in Singapore. It leverages advanced optical design and a scalable 12-inch DUV lithography process to power applications in mobile, augmented reality, virtual reality, automotive, and other emerging markets. The company remains committed to keeping its shareholders informed as the listing process progresses.
