Meta Materials Enters Common Stock Purchase Agreement With Lincoln Park Capital Fund For $50M Of Shares
Portfolio Pulse from Benzinga Newsdesk
Meta Materials has entered into a common stock purchase agreement with Lincoln Park Capital Fund. The agreement is for the purchase of $50 million of Meta Materials' shares.
September 11, 2023 | 9:04 pm
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POSITIVE IMPACT
Meta Materials' agreement with Lincoln Park Capital Fund for the purchase of $50M of its shares could potentially increase the company's stock price in the short term.
The purchase agreement indicates a significant investment in Meta Materials, which could increase demand for its shares and potentially drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100