MetaOptics Ltd

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Investment Snapshot

F-1/A All Filings

Symbol

MOT

Event Date

2026-07-06

Offer Range

—

Shares Offered

Shares Outstanding Pre-IPO

242.65M

Total Shares Post-IPO

281.65M

Market Cap

—

Target Price

$00.00

Implied Upside vs Midpoint

$00.00

Description

We are a vertically integrated metalens technology company, combining core competencies across metalens equipment, foundry, products, and metaoptics artificial intelligence (“AI”). We conduct our operations through our wholly-owned subsidiaries in Singapore and the United States. Metalenses are ultra-thin, flat-surface lenses which are smaller, lighter, consume less power, and offer a wider field of view, compared to conventional optical lenses. The unique flatness of metalenses enables the correction of optical defects, delivering reasonable quality color images. Leveraging our AI-based algorithm and processing software, which incorporates several advanced algorithms to enhance the optical design and image processing, our metalens technology can further sharpen the images to achieve higher resolution and enhanced image quality, and allow users to manipulate the individual red, green and blue (“RGB”) channels to edit the color images through computational reconstruction. We believe that our innovations have transformative potential in shaping next-generation optical systems. Our operations are centered on the design and manufacture of metalenses and metalens prototypes, and to demonstrate the viability, efficacy, applications and use cases of our metalenses, we have expanded our operations to include the development of metalens camera modules and metalens Internet of Things (“IoT”) products, such as infrared metalens cameras, pico projectors, and IoT metalens color cameras. Our metalenses have also been integrated into a wide range of applications by our customers, including fifth generation (“5G”) smartphones, contactless three-dimensional (“3D”) biometric modules, projectors, and for industrial applications such as IoT devices, light detection and ranging (“LiDAR”) devices and heads-up displays (“HUDs”) for planes and self-driving cars, and augmented reality/virtual reality (“AR/VR”) devices. To date, although we have achieved mass production capabilities for our metalens prototypes (“mass production” in our perspective refers to the shipment of one million metalens units per year), we have not yet received a critical mass of purchase orders from our customers necessitating mass production of our metalenses. To facilitate small-scale production of our metalenses to fulfil purchase orders, reduce concentration risk and diversify our supply chain, and to demonstrate the manufacturing capabilities for our metalenses, we also design and produce equipment for the manufacture of metalenses, in particular 4-inch direct laser writers (“DLWs”). Our 4-inch DLWs enable our customers to revise specifications and design of metalenses directly, reducing the lead time and providing for a shorter turnaround time from prototyping to testing and deployment into end products. In addition, our metalens equipment offerings have grown to include the design and production of metalens automatic testers, for use by our customers to ensure quality control of metalenses prior to shipment. These capabilities enable us to serve as a one-stop provider of metalens and metalens IoT products, offer customers comprehensive end-to-end services, and preserve and grow our competitive advantage in the industry. We offer our products to manufacturers of automotives, AR/VR devices, consumer electronic appliances, end-customers, and traders for the distribution of such products. While we offer our products worldwide, our existing customers for metalens equipment, metalenses and IoT products are mainly located in Singapore, Japan, South Korea, China, Taiwan, the United States, and several countries in Europe. --- Our principal executive office is located at 81 Ayer Rajah Crescent, #01-45, Singapore 139967. Our telephone number at this address is +65 8218 0482. Our registered office in the Cayman Islands is located at the Office of Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. Our website is https://metaoptics.sg. Our agent for service of process in the United States is Cogency Global Inc. located at 122 East 42nd Street, 18th Floor, New York, NY 10168.

Capital Structure

Post-IPO economic shares by class.

Class	Shares	% Economic
Ordinary shares Underlying class represented by ADSs (1 ADS = 12 ordinary shares per prospectus illustrations)	278.65M	98.9%
American Depositary Shares (ADSs) (listed) 1 ADS = 12 ordinary shares	3M	1.1%
Total economic shares	281.65M	100%

What does MetaOptics Ltd do?

The company is attempting to commercialize metalens technology by designing, manufacturing, and supplying optical components and modules for imaging, sensing, biometric, projection, automotive, and augmented-reality applications. Its core thesis is that flat metaoptics can replace or improve conventional lens stacks, but the business remains highly dependent on customer qualification, production execution, and financing capacity.Model mid ~$0.23 vs offer ~$6.00 (rich vs intrinsic).

Valuation

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