Dartmouth-based Meta Materials Inc., which specializes in producing synthetic materials, is acquiring the assets and intellectual property of Devens, Mass.-based Optodot Corp., which signals a move into next-generation battery materials.
Meta, which is listed on the Nasdaq stock exchange in New York, issued a statement on Friday saying it has agreed to buy the Optodot assets, which include 67 issued and 22 pending patents, for US$48.5 million ($67.7 million) in cash and stock. The deal, which is expected to close this month, calls for a payment of US$3.5 million in cash and US$45 million in