Nanotech Security Corp (OTCMKTS:NTSFF) is one of the biggest players when it comes to the visually memorable nano-optic security measures that are often seen on branded products and bank notes among other things.
Over the course of the past month the company has come into considerable focus among investors and has managed to clock gains of as much as 56%. As it happens, the company was in the news yesterday after Nanotech made an important announcement. The company announced that it submitted and mailed the management information circular in relation to the special meeting that is going to be held with the security holders of Nanotech.
The meeting in question is going to be held virtually on September 28, 2021 and start at 11 in the morning Vancouver time. This is going to be a key meeting for the company since the company will be looking to pass a special resolution by way of which an approval for the transaction with Meta Materials Inc is going to be sought.
If approved, Meta Materials is going to acquire all the outstanding and issued common shares of Nanotech. The acquisition, if approved, is going to take place under an arrangement that is approved by the court under the provisions of the Business Corporations Act.