MetaOptics (SGX:9MT) will issue 3 million American depository shares at between $5 and $7 apiece for its proposed Nasdaq Capital Market listing, according to a Wednesday filing with the Singapore Exchange.
Based on the amended F-1 form filed with the U.S. SEC, up to 450,000 additional ADS may be issued in case of overallotment.
Roth Capital Partners and The Benchmark Company were nominated as underwriters.
The Singaporean semiconductor optics company said proceeds will be used for product development, strategic partnerships and potential acquisitions.
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