META MATERIALS REGISTRATION
The offering is being made only by means of a prospectus supplement that forms a part of the registration statement. 333-256632), including a base prospectus, previously filed with and declared effective by the Securities and Exchange Commission (the "SEC") on June 14, 2021.
The securities are being offered and sold by the Company pursuant to a prospectus supplement and an accompanying prospectus forming part of a "shelf" registration statement on Form S-3 (Registration No. is acting as financial advisor to the Company for this transaction. Roth Capital Partners and A.G.P./Alliance Global Partners are acting as co-placement agents for the offering. The closing of the offering is expected to occur on or about June 28, 2022, subject to the satisfaction of customary closing conditions. The warrants will become exercisable six months after the issuance date and expire five and a half years after the initial issuance date. The gross proceeds to the Company from the offering are expected to be approximately $50 million, before deducting placement agent fees and other estimated offering expenses. (the "Company" or "META®") MMAT 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. If the stock falls below the $2.50 level and begins to hold it as resistance, it may be prone to see further bearish moves.HALIFAX, NS / ACCESSWIRE / J/ Meta Materials Inc. Consolidation above this level is key to possible further bullish movements.īears would like to see the stock fall below the higher low trendline and head down toward the $2.50 resistance level. The RSI is nearing the overbought range starting at 70, where lots of buying pressure may be found.īullish traders would like to see the stock continue to trade with higher lows and head toward the resistance where it may eventually break out above the $10 level. The Relative Strength Index (RSI) has been climbing and sits at 67 showing the stock has been subject to more buying pressure than selling pressure.Each of these moving averages may hold as a possible area of support in the future.The stock is trading above both the 50-day moving average (green) and the 200-day moving average (blue), indicating the sentiment in the stock has been bullish.This higher low trendline may hold as support, if unable to hold as support the stock may fall down to the $2.50 level. More recently, the stock looks to have started forming higher lows and could form into what technical traders call an ascending triangle pattern.Shares are pushing higher following the news and moving toward potential resistance near $10 in what technical traders call a sideways channel.Meta Materials was up 17.83% at $6.08 at market close Monday. In the merger, Meta Materials can acquire all outstanding shares of the company. Meta Materials Inc (NASDAQ:MMAT) shares traded higher Monday amid interest due to the vote taking place Sept. 28, 2021, for the merger with Nanotech Security Corp (OTC:NTSFF).
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