META Completes Acquisition of Nanotech Security Corp.

HALIFAX, Nova Scotia, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Meta Materials Inc. (the “Company” or “META®”) (NASDAQ: MMAT, FSE: MMAT) a developer of high-performance functional materials and nanocomposites, today announced that it has completed the acquisition of Nanotech Security Corp. (“Nanotech”) (TSXV:NTS)(OTCQX:NTSFF), a leader in the development of secure and visually memorable nano-optic security features that provide anti-counterfeiting solutions used in the government and banknote and brand protection markets, in an all-cash transaction at C$1.25 per Nanotech common share (each, a “Nanotech Share”), for a total value of approximately C$90.9 million on a fully-diluted basis (“Transaction”).

Read more at globenewswire.com