Meta Materials plans to utilize the net proceeds primarily for advancing its technology commercialization, boosting sales efforts in various applications like bank note and brand authentication, Li-ion battery tech (NPORE® and NCORE™) and VLEPSIS® systems for wide area motion imagery.

The offering's closing is anticipated around December 6, pending standard closing conditions, with A.G.P./Alliance Global Partners serving as the sole placement agent for the offering.

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According to data from Benzinga Pro, MMAT has a 52-week high of $2.34 and a 52-week low of $0.072.