MetaOptics Ltd Successfully Completes S$6 Million Placement Ahead of SGX Catalist IPO

MetaOptics Ltd (the "Company", together with its subsidiary, the "Group"), a cutting-edge vertically integrated designer and manufacturer of meta optics components and products headquartered in Singapore, has attracted strong support for its initial public offering (the "IPO") and listing of the Company (the "Listing") on the Catalist Board of the Singapore Exchange Securities Trading Limited (the "SGX-ST") and has successfully completed the placement of 30,000,000 placement shares (the "Placement Shares") in the capital of the Company (the "Placement").

ZICO Capital Pte. Ltd. ("ZICO Capital") is the Sponsor, Issue Manager and Placement Agent for the IPO.

The Placement, which comprised 30,000,000 Placement Shares at S$0.20 per share ("Placement Price"), was fully subscribed for, and had raised total gross proceeds of S$6.0 million. The IPO and Placement attracted subscriptions from various institutional and retail investor groups, including Economic Development Innovations Singapore Pte Ltd (EDIS), principals of Emplify Capital Partners Pte. Ltd., Mr Alex Chan, Founder of Plover Bay Technologies, Mr Walter de Oude, Founder and CEO of Chocolate Finance, and Elsoft Systems Sdn. Bhd.

Based on the Placement Price and the post-Placement share capital of the Company of 235,963,232 shares, the Company's post-Placement market capitalisation is S$47.19 million.

Our Group has set itself apart from its competitors, by utilising semiconductor processes (deep ultra-violet immersion photolithography) and direct laser writing technologies, to pioneer glass-based colour metalenses and support mass production possibilities. Established in 2021, our Group is the first pure-play metalens company to seek a public listing, underscoring its readiness to redefine the next-generation metalens supply chain for leading technology and consumer electronics companies across a wide range of industries.