MetaOptics Announces Intention to Seek Dual Listing on the NASDAQ Stock Market

PRNewswire

Singapore, November 17: MetaOptics Ltd (the "Company" or "MetaOptics", and together with its subsidiaries, the "Group") announces that the Company is proposing to seek a dual listing of the Company on the NASDAQ stock exchange in New York, USA (the "Proposed NASDAQ Listing").

RATIONALE

MetaOptics believes that the Proposed NASDAQ Listing will provide an additional quoted platform for the securities of the Company to be traded via an established stock exchange in the USA. The Proposed NASDAQ Listing will also enable the Company to gain access to a diversified base of shareholders and investors comprising new institutional and private investors in the USA, which in turn may allow the Company greater flexibility to access the capital markets in the North America region to conduct fund raising and other strategic investment exercises (such as potential merger and acquisition opportunities should they arise from time to time). With a wider and more diversified shareholder base, the Company also hopes to improve the trading liquidity of its securities on its trading platforms.

MetaOptics further believes that the Proposed NASDAQ Listing presents an excellent opportunity to enable the Group to build up its metalens design and fabrication capabilities in the USA and to also position the Group in close proximity to potential key customers, to support the advancement of next-generation optical technologies across several sectors.

PREPARATORY WORK

The Company has appointed and/or is in the process of appointing the relevant professional advisers, including the lead underwriter, legal adviser and external auditor, in relation to the Proposed NASDAQ Listing. Preparatory work for the Proposed NASDAQ Listing is on-going and no application has been made to the NASDAQ or any regulatory authorities, including the US Securities and Exchange Commission ("SEC") or to the Singapore Exchange Securities Trading Limited ("SGX-ST").

CAUTIONARY STATEMENT

The Proposed NASDAQ Listing is at a preliminary stage, and it is subject to, inter alia, due diligence, approval from regulatory authorities, and prevailing market conditions. There is no certainty that the Proposed NASDAQ Listing will proceed or otherwise eventually materialise.

The Company shall continue to keep its shareholders updated as appropriate.

ABOUT METAOPTICS

MetaOptics Ltd (Catalist: 9MT) is a leading-edge semiconductor optics company pioneering glass-based metalens solutions enhanced by AI-driven image processing. Using advanced optical design and a scalable 12-inch DUV lithography process, it powers next-generation applications in CPO, mobile, AR VR, automotive and other emerging markets. Headquartered in Singapore, MetaOptics aims to deliver high-performance optics with the reliability and scalability demanded by today's most innovative technology brands.

Sales inquiries: sales@metaoptics.sg

Investor Relations: ir@metaoptics.sg

U.S. SECURITIES DISCLAIMER

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities nor is it calculated to invite any such offer or invitation. In particular, this announcement does not constitute and is not an offer to sell or an invitation or a solicitation of any offer to buy or subscribe for any securities in the United States of America (the "USA") or elsewhere. Securities may not be offered or sold in the USA absent registration or an exemption from registration under applicable USA laws and regulations. Any public offering of securities to be made in the USA will be made by means of a prospectus that may be obtained from MetaOptics Ltd and will contain detailed information about MetaOptics Ltd and itss financial statements.

This announcement is not for publication or distribution, directly or indirectly, in the USA or to persons in the USA or any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

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