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MetaOptics Sharpens Focus on Metalens Commercialisation; Withdraws Nasdaq Listing Application, and Defers U.S. Dual Listing PlanSINGAPORE , Aug. 7, 2026 /PRNewswire/ -- MetaOptics Ltd (Catalist: 9MT) ("MetaOptics" or the "Company", and together with its subsidiaries, the "Group") , a Singapore headquartered semiconductor optics company, today announced that it has notified The Nasdaq Stock Market LLC of its withdrawal of its listing application, effective August 7, 2026 (the " Withdrawal ")."This exercise is a key part of our Company's strategic plan, aligned with our focus towards our key market and customers in the United States. Against a backdrop of geopolitical uncertainty, recent whiplash in technological stocks' price performances, ongoing technological disruption, the need for certainty over capital expenditures and intensifying global competition for capital, as well as our obligations to protect shareholder value, we have decided not to proceed with the Proposed Nasdaq Dual Listing at this stage," said Mr Thng Chong Kim, Executive Chairman of MetaOptics . "The Proposed Nasdaq Dual Listing was always a means, not an end. We remain well-capitalised, with a healthy cash balance. We have also continued to progress on and strengthen our customer engagements and our order book, and at present, we are channelling our capital and management focus into converting our customer pipeline into purchase orders, fulfilling purchase orders and building up our metalens production capacity."In reaching its decision, the Company weighed the following factors:
