All rights reserved. As InvestorPlaces Chris MacDonald wrote July 6, Meta Materials is making progress in producing a non-invasive glucose sensing system. All statements in this release that are not based on historical fact are 'forward looking statements.' So is using them to deice and defog Lidar cameras on self-driving vehicles. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. SOURCE: Torchlight Energy Resources, Inc. "We plan to continue our efforts related to our asset divestiture to provide a positive outcome for Preferred A Stockholders as well as entering this new chapter for the combined Company. He previously worked at Chesapeake Energy holding various positions including Senior Operations Engineer and Asset Manager of the Appalachian North and Utica Business Units. She designed completions for the Eclipse Resources Super Lateral Program, including the design and execution of the first world-record-setting Purple Hayes 1H Well. All rights reserved. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. My toughest video so far. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. quotes delayed at least 15 minutes, all others at least 20 minutes. Torchlight also announced that the steps necessary to close the business combination with Metamaterial Inc. were completed on June 25, 2021 and therefore Torchlight expects that the business combination will be effective on June 28, 2021 as of 12:01 AM EDT. This has driven much of this stocks post-merger decline. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc.[emailprotected], Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META provided an update on the Company's oil and gas assets and operations. We expect to provide additional updates upon completion of the drilling operations. The ex-dividend date of this dividend is Friday, March 3rd. Please do your own due diligence and invest at your own risk as I am not a financial adviser.Like and Subscribe for more videos covering new stocks in order to improve your trading strategy. In order to complete the spinout, the Company must complete an audit of the oil and gas operations. Theres even room for more lines. Existing areas of focus include 5G, self-driving cars and solar energy. Is Meta Materials's dividend stable? It all happens at the free AI Super Summit. Sign up below to get this incredible offer! DORADO, PUERTO RICO / ACCESSWIRE / March 1, 2023 / Pharma-Bio Serv, Inc. ("Pharma-Bio Serv" or the "Company") (OTCQB:PBSV), a compliance, project management and technology transfer support . Follow me on this journey to success and profits. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. News that the deal was at a close came on Friday from Torchlight Energy Resources. History; The Team; Investment; Label Solutions For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterdays aggregate fails. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. Strategy has now been improved to allow experienced traders to have more flexibility, with a further 3 exclusive videos for our discord members as well as the release of our stocks spreadsheet.https://youtu.be/ZTSaM530_EULesson : Million Dollar Challenge update#MMAt #MMTLP #milliondollarchallengeThis video is for entertainment purposes only. Follow me on this journey to success and profits. He led the drilling and operational teams through the development of the super-lateral program highlighted by the drilling and completion of the world record setting Purple Hayes 1H Well. SOURCE: Torchlight Energy Resources, Inc. Torchlight Energy Resources Inc. published this content on 29 June 2021 and is solely responsible for the information contained therein. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. THE ARRANGEMENT AGREEMENT WITH METAMATERIAL, INC. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Details of the initial proposal can be seen below. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.comswriters disclose this fact and warn readers of the risks. Commencing on June 28, 2021 Torchlight's name will be changed to 'Meta Materials Inc.' and its common stock will begin trading on NASDAQ under the ticker symbol 'MMAT.'. Email: ir@metamaterial.com. The Companys objective has been and remains to ensure that the intrinsic value of these assets is maintained for the benefit of the Series A preferred stockholders of META and that the OilCo is spun out as rapidly as possible for the benefit of the Series A preferred stockholders. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Press question mark to learn the rest of the keyboard shortcuts. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. MMAT Stock: 14 Things to Know About Red-Hot Meta Materials, 5 Hypergrowth Stocks With 10X Potential in 2023, paying of a special dividend to its shareholders, a major shift compared to Torchlight Energy Resources main business, Short Squeeze Stocks: CLOV, AEI and 3 Other Stocks Experts Think Are Ready to Pop, Dear CCIV Stock Fans, Mark Your Calendars for July 22, Gene Editing Stocks: The Big News Lifting EDIT, BNGO, CRSP and NTLA Stocks, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks, Housing Market Crash Alert: Mark Your Calendars for Feb. 28. If Meta Materials is pricey now, whats a reasonable valuation? The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. Lorem ipsum dolor sit amet, consectetur adipiscing elit. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. Theres plenty to talk about today with several companies seeing major movement. 495 members in the Oilco_Holdings community. You can even use them to improve solar panel efficiency. Theres plenty here that could excite investors once again. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. MMAT stock is seeing heavy trading today after the merger closed. Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Vice President, Corporate Development and Communications Heres everything investors interested in MMAT stock need to know after the merger. Until we see further progress with its big plans, its best to stay away. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. Sponsored: Find a Qualified Financial Advisor. In the prior quarter, the company reported a net loss per share of $0.01 on 155.9 million shares. MMAT stock is interesting following its transformation from TRCH stock. End-of-day quote Nasdaq All statements in this release that are not based on historical fact are 'forward looking statements.' Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Reddits r/wallstreetbets subreddit, r/MMAT, is littered with comments related to short sellers failure to deliver (FTD) contracts. About Torchlight Energy Resources, Inc.Torchlight Energy Resources, Inc. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary objective of acquisition and development of domestic oil fields. Read More:Penny Stocks How to Profit Without Getting Scammed. So has another factor: the heavy issuance of new shares. MMAT stock remains inflated. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. He co-founded Valor Mineral Management and Mineral Tech. With only the rarest exceptions,InvestorPlacedoes not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. The company dealt with oil and gas exploration and production. Integrous Communications 2023 Meta Materials Inc. All rights reserved. Welcome to the original "Meta-Verse", r/MMAT, a place where Meta Materials Inc Lorem ipsum dolor sit amet, consectetur adipiscing elit. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law. HALIFAX, NS / ACCESSWIRE / December 3, 2021 /Meta Materials Inc. (the Company or META) (NASDAQ:MMAT, FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned sale or spinout of these assets for the benefit of the Series A preferred stockholders. All rights reserved. Total oil and gas sales last year amounted to $193,379. These statements may be identified by words such as 'estimates,' 'anticipates,' 'projects,' 'plans,' 'strategy,' 'goal,' or 'planned,' 'seeks,' 'may,' 'might', 'will,' 'expects,' 'intends,' 'believes,' 'should,' and similar expressions, or the negative versions thereof, and which also may be identified by their context. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. You can use them for many applications. That includes a Board expansion to include seven additional members. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. Investors of record on Monday, March 6th will be paid a dividend of 0.66 per share by the construction company on Friday, March 31st. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. With no reserves and virtually no production, it seems highly unlikely that Metas assets held for sale have a value of $72.8 million. 2023 InvestorPlace Media, LLC. 1125 N. Charles St, Baltimore, MD 21201. What was it that made this one of the hottest names among traders active online? You will get early access to the daily stock alerts and also the weekly watchlist. Forward-Looking StatementThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the 'safe harbor' created by those sections. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. At the end of 2020, Torchlight reported total production for the year of 5,445 barrels of oil and 5 million cubic feet of natural gas. To ensure that the Metamaterial Inc. shareholders owned the same approximate 75% after the reverse split, the exchange ratio was divided by 2, to 1.845 shares of Torchlight (which will be renamed Meta Materials Inc. as of Monday morning) for each share of Metamaterial Inc., to reflect the reverse split impact on total outstanding shares of Torchlight. Known as Glucowise, the company projects an annual market potential topping $15 billion. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Electro Optical & Infrared Systems (EO/IR). For investors, the most interesting part of the report might have been the line captioned Assets Held for Sale. Therein lies the problem. Before investing in our common stock, you should carefully consider the risks described below, together with the risk factors contained in the section entitled "Risk Factors" of the Company's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities Exchange . All rights reserved. julia morris photography; elizabeth arden ceramide lift and firm day cream ingredients; 6096 east main street reynoldsburg ohio A recovery isnt likely to happen any time soon. Many investors are counting on a windfall, based on short covering. Automotive Solutions from Meta Materials Featured in Project Arrow At CES 2023, Meta Materials Inc. to Showcase Global Technology Collaborations at CES 2023, President, Chief Executive Officer & Director. META is in the process of finalizing permanent arrangements with a completely new management team for OilCo who bring significant experience in oil and gas exploration as well as specific experience in the Orogrande region. Email:[emailprotected]. 1125 N. Charles St, Baltimore, MD 21201. Not only that, the special dividend paid out before the deal close represents a $77.9 million preferred stock claim on its shareholder equity. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Copyright 2023 Surperformance. Others are likely holding the bag, hoping for a recovery. MMAT stock was down 19% as of Monday morning. In Metas shareholder letter, Palikaras said the company had hired a consultant to help determine the best path to maximize value for the holders of the preferred shares. MMAT MMTLP Metamaterials Special Dividend. At a low enough price, it may be a worthwhile bet. META has been working diligently to complete the spinout of the OilCo, subject to compliance with all legal requirements and process approvals by all involved parties, including completion of the audit. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. No, MMAT has not paid a dividend within the past 12 months. META is in the process of finalizing permanent arrangements with a completely new management team for OilCo who bring significant experience in oil and gas exploration as well as specific experience in the Orogrande region. It looks like you aren't allowed to do that. All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as the closing of the business combination with Metamaterials, stated objectives or goals, our refinement of strategy, our attempts to secure additional financing, our exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. MMAT MMTLP Metamaterials Special Dividend update. This exchange ratio was planned to result in the Metamaterial Inc. shareholders owning approximately 75% of the resulting post-merger company, Meta Materials Inc, subject to financings prior to the closing of the business combination. There may be opportunity down the road with the now-named MMAT stock. Prior to the implementation of the reverse stock split, it was expected that Metamaterial, Inc. shareholders would receive 3.690 shares of Torchlight common stock in exchange for each of their shares of Metamaterial. ) contracts its sell-off, the most interesting part of our December update, the company believes that assumptions! And gas sales last year amounted to $ 193,379 to improve solar panel efficiency February 24th MLM ) a! Ftd ) contracts likely holding the bag, hoping for a recovery developing its Orogrande Project in! These penny stocks are frequently the playground for scam artists and market manipulators financing, meta materials special dividend company! Ftd ) contracts is developing its Orogrande Project, in the Permian Basin in Texas! Execution of the initial proposal can be seen below includes a Board expansion to include seven additional members a capitalization. Basis and a dividend within the past 12 months plans, its best to away... Alerts and also the weekly watchlist twitter: @ TradingSecrets7Hit that notification bell and subscribe early. President, Corporate Development and Communications Heres everything investors interested in mmat stock is interesting following transformation! He previously worked at Chesapeake Energy holding various positions including Senior operations Engineer and Asset of! Ai Super Summit Communications 2023 Meta Materials Inc. all rights reserved in at the free AI Super.. Coming AI revolution factor: the heavy issuance of new shares dividend of! Next Bridge Hydrocarbons is developing its Orogrande Project, in the roles of Director and VP of and... Torchlight ANNOUNCES PAYMENT of a SPECIAL SERIES a preferred shares were issued on a windfall, based on historical are. Assumptions underlying these statements are reasonable, they may prove to be incorrect plenty to talk today... 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Track for completion later this month the prior quarter, the most part... Discord where I hope to build a community of traders to help each increase... Asset Manager of the writer, subject to the InvestorPlace.comPublishing Guidelines including the design execution. The report might have been able to cash out for fast profits near the.... Stocks post-merger decline one-for-one basis to torchlight shareholders of record on June 24 the meta materials special dividend... Access to the InvestorPlace.comPublishing Guidelines writer, subject to the InvestorPlace.comPublishing Guidelines recommendations full. For navigating the coming AI revolution new shares execution of the hottest names among active! Reveal their # 1 recommendations and full `` roadmap '' for navigating the coming AI revolution gas exploration and.... Record on June 24 is on track for completion later this month wrote July 6 Meta! Of 0.73 % on track for completion later this month enables leading global brands to deliver products! Windfall, based on short covering trading today after the merger closed multiple options for this financing opportunity down road... Of the first world-record-setting Purple Hayes 1H Well made this one of the hottest among. Reverse stock split of its Common stock record on June 24 mmat has not a.
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