MetaOptics wins SGX nod, moves closer to Nasdaq debut

The notice covers over 121 million shares tied to ADS structure.

MetaOptics Ltd has moved forward with its proposed dual listing on the Nasdaq Stock Market after receiving a revised listing and quotation notice from the Singapore Exchange Securities Trading Limited (SGX-ST) covering more than 121 million shares.

The notice, issued on 18 June, replaces an earlier approval granted on 28 May and sets out updated terms for share issuances linked to the company’s American Depositary Shares (ADS) offering.

MetaOptics Ltd said the revised approval covers up to 102.43 million new ordinary shares linked to the ADS offering, up to 15.36 million shares under an over-allotment option, and up to 3.53 million shares relating to unlisted representative warrants.

The shares will serve as underlying securities for ADSs to be listed on Nasdaq as part of the company’s dual listing exercise.

The SGX-ST said the notice is subject to compliance with listing requirements and does not constitute an assessment of the merits of the issue or the company’s securities.

It added that the ADS offering shares and over-allotment shares must be placed out by 31 August.

The dual listing plan was previously approved by shareholders at an extraordinary general meeting held in April 2026.

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