MetaOptics seeks to raise $4.9 mil through 6.7 mil share placement at 72.55 cents per share

MetaOptics is seeking to raise $4.85 million by placing 6.69 million new ordinary shares in the capital of the company at 72.55 cents per share.

The proceeds will be used to strengthen the group’s financial position and expand its capital base to “support the fulfilment of an anticipated growing pipeline of global customer purchase orders”. It will also provide liquidity and funding for the group’s general working capital requirements.