MetaOptics (OTCQX: MOTLY) provided shareholders with guidance on converting their existing Singapore-listed shares into American Depositary Shares for OTCQX trading.
Shareholders must open a U.S. securities trading account capable of receiving ADSs through the Depository Trust Company system, then instruct their Singapore broker to initiate conversion. The broker completes the issuance documentation and transfers the underlying shares to J.P. Morgan’s designated custody account. After deposit, J.P. Morgan issues the corresponding ADSs and delivers them to the shareholder’s specified U.S. account.
MetaOptics (MOTLY) shareholders approved a share buy-back mandate, giving the board flexibility to purchase shares when it considers appropriate. The board views the mandate as a capital management tool to optimise capital structure and improve returns where appropriate.
Existing Direct Laser Writer platform orders remain on track for delivery by end-2026, with a positive revenue contribution expected for the financial year ending 31 December 2026. MetaOptics also secured a design/evaluation order from a U.S. foundry customer for co-packaged optics modules incorporating its metalens technology.
The group completed design and fabrication-process validation for a 12-megapixel colour imaging titanium dioxide metalens, a lens using engineered surface structures. Production and fabrication on its 12-inch wafer are underway, with testing expected to begin in January 2027.
MetaOptics (MOTLY) established a sponsored Level 1 American depositary receipt (ADR) programme on September 24, 2026, with OTCQX trading to follow.
J.P. Morgan is the depositary bank, and American depositary shares (ADSs) will trade on the U.S. market. The programme involves no capital raising or issuance of new shares. MetaOptics’ ordinary shares will continue trading on the Singapore Exchange’s Catalist board, and the company does not expect a material impact on existing shareholders.
MetaOptics intends the programme to give U.S. investors a more convenient way to trade its securities as it expands its U.S. activities.