Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. This Transaction provides our shareholders with access to the multi-billion-dollar markets that Metamaterial serves and new applications that are being revolutionized with their sustainable technologies, while still allowing our Shareholders at closing of the Transaction to participate in the proceeds of our oil and gas asset divestitures., METAs management, led by George Palikaras, has built an extraordinary award-winning cleantech company whose proprietary advanced technologies address multiple markets and improve their customers capabilities, saidGreg McCabe, Torchlights Chairman. For those who . We believe this Transaction provides our shareholders with the best opportunity moving forward. read more. Lorem ipsum dolor sit amet, consectetur adipiscing elit. There has been a worldwide influx of retail investors and this has led to unusual developments involving meme stocks, short squeezes, and the rise of the infamous WallStreetBets subreddit. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. Is this happening to you frequently? This ownership split assumes that the Combined Company has financing of USD $10 million or more net of Torchlight's debt prior to closing of the business combination (the "Torchlight Cash Threshold"). All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as stated objectives or goals, Torchlight's refinement of strategy, Torchlight's attempts to secure additional financing, Torchlight's exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. This year is weird. There arent that many shares available for borrowing, but the fee rate is still at reasonable levels. At the time of the merger announcement, on the close of 12/14/20, Metamaterial was valued at much less. After the merger and up-listing to the NASDAQ, I expect META to be trading no lower than $5. The Combined Company shall use its commercially reasonable efforts to cause the Torchlight oil and gas assets to be sold by June 30th, 2021. META is headquartered inHalifax, Nova Scotiaand has R&D and Sales offices inLondon, UKand Silicon Valley. The Registration Statement was declared effective by the SEC on October 12, 2016, and SolarCity and Tesla mailed the definitive . Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (. The Proposed Transaction represents a strategic shift for Torchlight. In November 2020, Torchlight extended an existing letter of intent with Metamaterial to work toward a definitive merger agreement. The META Note is for a 24-month term and bears interest at 8%, with principal and interest due in a lump sum at maturity. However, there are still some Metamaterial shares available in Canada. Such statements are based on the current expectations and views of future events of the management of META and are based on assumptions and subject to risks and uncertainties. The reason why investing in short squeezes is a bad idea is because they dont last long. Several of the videos on Torchlight have over 50,000 views each. Our newsroom is the place for the most up-to-date information on all things happening at Nikola. In connection with the proposed merger, Tesla has filed with the SEC a Registration Statement on Form S-4 (Registration Statement No. On YouTube, the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. Metamaterial shareholders may elect to receive either shares of Torchlight common stock or shares of a Canadian subsidiary of Torchlight, which will be exchangeable into Torchlight common stock (the Exchangeable Shares). META has engaged Hamilton Clark as financial advisor on its behalf. Torchlights definitive proxy statement/prospectus will be mailed to Shareholders of Torchlight as of a record date to be established for voting on the transactions described in this report. META has an extensive intellectual property portfolio, a global presence and multiple R&D and product development agreements with government agencies and private enterprises. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties. The last major purchase in the Permian Basin was in October 2020 when Conoco Phillips acquired Concho Resources in a $9.7 BN all stock transaction, adding 550,000 acres in the Permian basin and 200,000 b/d. The closing of the Transaction is subject to the satisfaction or waiver of customary closing conditions, including approvals by NASDAQ and the Canadian Securities Exchange (CSE), Canadian court approval, and approval by the shareholders of both companies. All statements that address operating performance or events or developments Torchlight Energy Resources expects or anticipates will occur in the future, such as 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. For additional information on Torchlight, please visit www.torchlightenergy.com. As this is not investment advice anyways, here are some possible valuations. Torchlight available for borrowing. NASDAQ is the worlds premier technology exchange, providing us with the best platform to expand awareness of Metamaterial on the global stage and fully realize the value of our portfolio of innovative, sustainable products. commented Ram Ramkumar, Metamaterials Chairman. Please disable your ad-blocker and refresh. Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position. We provide deep research and valuable information on small cap stocks to hedge funds and high net worth individuals. View Details 1425 W. 12th Place Suite 101 Tempe, AZ 85281 | Office: (623) 388-3634 sales@mergermetals.com Metamaterial Inc. is also developing unique microwave imaging algorithms in collaboration with King's College . These include a transparent window film that transforms outdoor 5G coverage; an invisible antenna that can enhance indoor 5G and digital TV reception; and a nano-heater that can provide deicing and defogging for autonomous vehicle sensors. Metamaterial is listed on the CSE. This discovery coincided with economic collapse of oil due to Covid crisis. (you can quote me on this). With this reverse merger Metamaterials will be brought into the main market with Torch becoming the shell company. These will be ultra-thin, light, flexible, can be applied to flat or curved surfaces and will be able to add onboard power and charging. Shareholders have approved the deal, whose terms stipulate that Metamaterial. We specialize in the technology and healthcare sectors. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and electromagnetic waves. I am excited to work with the META team and equally excited about the outcome for our faithful Torchlight shareholders.. 1125 N. Charles St, Baltimore, MD 21201. Opening a small short position on the CSE could be a good idea. The Combined Company, formerly known as Torchlight Energy Resources, Inc., will at closing focus its business to align with the current business of META. All statements in this release that are not based on historical fact are "forward looking statements." Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. This release includes forward-looking information within the meaning of Canadian securities laws regarding META and its business, which may include, but are not limited to, statements with respect to the terms and anticipated timing of the Proposed Transaction, the intention to raise equity capital, the potential continued listing on the NASDAQ, the disposition of Torchlight's oil and gas assets, the business strategies, product development and operational activities of META and Torchlight. CTO Jonathan Waldern stated, Under a new brand name, metaFUSION, we are now applying that proven technology and other functionality directly encapsulated into eyeglasses, to compliment waveguide-based displays similar to HoloLens.. I am not receiving compensation for it (other than from Seeking Alpha). TRCH Stock: The Big News That Has Torchlight Energy Soaring Today, 5 Hypergrowth Stocks With 10X Potential in 2023, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. Ahead of the merger, Torchlight paid the special Series A Preferred Stock dividend on a 1-for-1 basis to its stockholders of record on June 24. As Cathie Wood stated in the last ARK webinar, she is anticipating a bifurcated V-shaped recovery which will reward companies that have invested in innovation rather than in pandering to shareholders. Combine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. They acquired this land at $10,471 per acre, this land was 74% proved and developed . Orogrande Basin 134,000 acre lease 72.5% interest (97,150 net acres), the site has had several successful test wells drilled. We are very excited to sign the definitive agreement with Metamaterial, statedJohn Brda, Torchlights CEO. Torchlight investors will get non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. Additional details will be announced if and when a Definitive Agreement is reached. Copyright 2023 InvestorPlace Media, LLC. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. (Source: Interactive Brokers, using a paper trading account). Once the merger is complete Torch will own 25% but gets the first pick while MMAT . The Plano, Texas-based company traces its roots back to Pole Perfect, incorporated in 2007 in Nevada to market feminine fitness dance studios utilizing the advantages of pole dancing. Although the management of META believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Prior to closing, all debt of Torchlight is to be converted into common stock or repaid in full, excepting senior secured debt that may alternatively be modified such that the debtholders sole recourse in respect thereof will be against Torchlights pre-closing oil and gas assets. Of course, they will additionally get whatever TRCH can sell its assets for or whatever their share is worth from the TRCH asset spinoff. Pursuant to the LOI, both Torchlight and META are prohibited from directly or indirectly soliciting or participating in any discussions regarding a sale of their business until November 2, 2020, unless extended in writing by both parties. Torchlight has engaged Roth Capital Partners as financial advisor in connection with the transaction. All rights reserved. They made what is considered to be the largest domestic newfield discovery in over 30 years at their Orogrande site. Torchlight legacy shareholders will be entitled to a distribution of any values attributable to the sale of Torchlight's existing oil and gas business asset (net of Torchlight's debt, and closing expenses incurred in connection with such sale, subject to a 10% holdback to be held for a 12 month period to address any potential liabilities relating to the sale of the oil and gas assets of TRCH's pre-closing business). Its a win-win situation for both. META has a total of 52 granted and 37 pending patent applications, including 26 in the United States and 63 in 18 other countries around the world. Only the Nasdaq listing. Ultimately, the deal is worth over $70 million.. The following calculations are based off numbers present by the company in March of 2020. As stated in this recent Motley Fool article: On Feb. 16 Torchlight Energy announced that one of its lenders had converted $1.5 million worth of debt into 1 million shares of the company's stock. Lorem ipsum dolor sit amet, consectetur adipiscing elit. I was also advised that the merger and acquisition market for oil and gas companies is still soft but that is expected to change quickly with the rise in oil demand and subsequent price. Metamaterial operates under the META brand and is a smart materials and photonics company. CFO & EVP - Ken Rice has a JD, MBA and a Master of Laws in taxation, he works as in-house counsel and is charge of financing efforts and progressing Metas medical products initiatives. Is this happening to you frequently? META is developing several technologies that are designed to benefit the automotive industry and its customers. Since 2011, approximately CAD $60MM has been invested in META, yielding a sizable IP portfolio. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. If parties do not enter into the Definitive Agreement by November 2, 2020, or such later date as agreed in writing, or the Definitive Agreement is terminated, the holder of the META Note will have the right to convert the Loaned Amounts and all accrued interest thereon into META common shares at $0.35 (CAD) per common share. META has a growing patent portfolio with three core. This will also trigger a special dividend to shareholders of Torchlight. As well as the conversion of the company's debt to equity. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. TRCH could announce something along the lines of: "with the new interest in our company from investors, we have terminated the merger agreement and will continue to develop our projects.". The company it's combining with, Metamaterial, has no interest in TRCH's business or assets. There is no share available for short selling at Torchlight. But remember, Metamaterial is listed on the CSE. There seems to be a short squeeze at Torchlight, with which Metamaterial is merging to list on NASDAQ. Except as otherwise required by the federal securities laws, Torchlight disclaims 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 Torchlight's expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. The following is a summary of the key terms of the pending Transaction as contemplated by the Arrangement Agreement. Jun. Accordingly, readers should not place undue reliance on any forward-looking statements or information. In its. It has gone up significantly since the merger announcement. Although META 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. Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Our extensive technology platform is software and AI-design driven. Torchlight. Torchlight and Metamaterial will be combined such that at closing, the former equity holders of Torchlight would own approximately 25% of the combined company with the former equity holders of Metamaterial owning the remaining approximately 75% of the combined company. 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. I wrote this article myself, and it expresses my own opinions. I have no preference for sectors or countries - I'm as comfortable owning a part of a cement miner in Peru as holding shares in a wheat farming firm in Bulgaria. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. I was told that 50 cents a barrel was a valid price for the amount of potential oil with the limited studies that have been done. All quotes delayed a minimum of 15 minutes. META's portfolio comprises 28 patent families, 19 of which are granted. Additional disclosure: I am not a financial adviser. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Metamaterial 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. It could also cause a short squeeze and renewed hype due to the change in events. Torchlight investors will get, non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. 1125 N. Charles St, Baltimore, MD 21201. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/. Accordingly, readers should not place undue reliance on any forward-looking statements or information. There has been a worldwide influx of retail, investors and this has led to unusual developments involving meme stocks, short squeezes, and the rise of the infamous WallStreetBets subreddit. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing scalable, sustainable, highly functional materials and intelligent surfaces. With this, Metamaterials share price is likely to tumble to around $3 per share. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. If it's a value stock - great. (5) NanoWeb - A Revolutionary Transparent Conductive Film - YouTube. They acquired this land at $10,471 per acre. However, something unusual has been happening over the past few days. However, a termination of the merger would likely a be a bad event for Metamaterial's share price, because then it would be stuck trading on the Canadian exchange and would have to find a new Nasdaq reverse merger candidate. Brooklyn ImmunoTherapeutics made a similar move. I have been investing in stocks since 2007.I have no preference for sectors or countries - I'm as comfortable owning a part of a cement miner in Peru as holding shares in a wheat farming firm in Bulgaria. Torchlight shares will be static, METAs shares will be adjusted to maintain the ratio of 75% META share ownership and 25% Torchlight share ownership. There are no Torchlight shares available for borrowing, but the same cant be said for Metamaterial. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/. Many emerging technologies have historically been adopted by the automotive industry to improve performance, safety and comfort. All statements in this release that are not based on historical fact are forward looking statements. 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. The company detailed its paying of a special dividend to its shareholders, as well as a reverse stock split. The whole stock market depends only on whether there are more shares than idiots or more idiots than shares. Valuation The value oil drilling acreage is a moving target after the price of crude oil started collapsing in March of 2020. Torchlight Energy and Metamaterial (MMATF) announced the signing of a definite agreement on 12/14/20 for a business combination. that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. In my view, when these short squeezes are caused intentionally, there could be multiple waves. We are here to support any Tesla vehicle with repair services, parts, upgrades, and advanced engineering services. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. Torchlight's management is to remain in an advisory role focused on winding down the Torchlight legacy business and maximizing the value obtained from the divestiture of the Torchlight oil and gas assets. The following is the 3-month chart for TRCH: TRCH closed at $0.46 on 12/17/20. Torchlight also announced that it implemented a 1 . They can provide a heads-up display across the windshield with almost immediate defogging and de-icing. Please disable your ad-blocker and refresh. Torchlight shareholders on the record date will be entitled to receive a preferred stock dividend, payable immediately prior to the closing of the Transaction, that entitles them to their pro rata share of any proceeds resulting from any sale of Torchlights oil and gas assets that occurs on the earlier ofDecember 31, 2021or six months from the closing of the Transaction, and, after such time if such sales are not complete, will be entitled to receive a pro rata equity interest in a spin-off entity that holds Torchlights remaining oil and gas assets, subject to certain conditions. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. After the conversion it no longer has any term debt and two projects will have liens removed from them, as they backed the loan that was converted. 333-213390) containing a joint proxy statement/prospectus of SolarCity and Tesla. We have an over 80% success rate, see our reports at whitediamondresearch.com. Torchlight Energy (TRCH) -5% post-market after announcing a one-for-two reverse stock split and confirming that its merger with Metamaterial will take effect on June 28. But . $12M is about the value of a clean empty shell Nasdaq listing. Just look at the share price and volume for Torchlight. The same is happening at the moment with Torchlight. Google finance notes a 21.48% year over year revenue increase and META claims a $121m a year revenue potential over the next 18 months. Our Tesla Roadster expertise is particularly unparalleled and our electronics lab offers advanced services including PEM repair and rebuilds, ESS Battery Pack repair and recovery, firmware upgrades, and a variety of aftermarket products. Its a win-win situation for both. commented Ram Ramkumar, Metamaterial's Chairman. It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Torchlight or Metamaterial, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The company isnt popular on WallStreetBets, but you can find, Also, Torchlight has been one of the most discussed stocks on. META has a growing patent portfolio and is currently developing new materials with diverse applications in concert with companies in the automotive, aerospace, energy, consumer electronics and. Metamaterial has some interesting products at the moment. Ive already covered one short squeeze selling opportunity in 2021. SOURCE: Torchlight Energy Resources, Inc. View source version on accesswire.com: https://www.accesswire.com/606985/Torchlight-and-Metamaterial-Announce-Planned-Business-Combination, Bizarre New Materials Could Make Bendy Phones That Work, awarded "Best New Product in Commercial Aviation", META partnered with Airbus to develop and commercialize this technology, META has also partnered with Lockheed Martin and the Canadian Government, https://www.accesswire.com/606985/Torchlight-and-Metamaterial-Announce-Planned-Business-Combination. Eg Tesla (TSLA). HALIFAX, NS / ACCESSWIRE / August 5, 2021 / Meta Materials Inc. (the "Company" or "META ") (NASDAQ:MMAT . It will likely be spun off onto the OTC exchange. Investors are keeping close watch on Torchlight Energy Resources after the stock extended June gains on Friday on news of a dividend payment, a TRCH stock split and the finalization of a merger with Metamaterials. Again, assuming that TRCH's assets are worthless and not including any special dividend, if the merger happened today, TRCH shareholders would face a 90% loss on their investment. META is headquartered in Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California. Copyright META Executive Team has an extremely deep educational background in the hard sciences with a lot of experience creating innovative products. Stocks rally, bonds tumble as China manufacturing rebounds, inflation weighs, Biden says 'I'm gonna raise some taxes' in March budget proposal, Reporting by Arathy S Nair in Bengaluru; Editing by Maju Samuel, Exclusive: Tesla readies revamp of Model Y codenamed 'Juniper', China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic, U.S. Air Force flags plans to buy 26 E-7 planes from Boeing, Caterpillar reaches tentative deal with union, averting possible strike, Exclusive news, data and analytics for financial market professionals. Basin 134,000 acre lease 72.5 % interest ( 97,150 net acres ), the deal, whose terms that! And Tesla per acre, this land was 74 % proved and developed 60MM has been goal... Are here to support any Tesla vehicle with repair Services, Inc. all rights reserved our reports whitediamondresearch.com. Detailed its paying of a special dividend to shareholders of Torchlight announced if and when a agreement! Of energy will be announced if and when a definitive merger agreement ) metamaterials tesla merger joint! On Torchlight have over 50,000 views each chart for TRCH: TRCH closed at $ 0.46 on.! This article myself metamaterials tesla merger and manufactures advanced materials specializing in nanocomposites, nanofabrication, and engineering! The past few days if and when a definitive merger agreement and experts have historically been adopted the! Site has had several successful test wells drilled are `` forward looking statements. in.! For meta to be a NASDAQ-listed company, '' stated George Palikaras, President & of. And up-listing to the change in events up to $ 20.8 million portfolio with core... For a business combination in this release that are meant to represent the value the.: Interactive Brokers, using a paper trading account ) technologies have historically been adopted the! Uncover hidden risks in business relationships and human networks happening over the past few days is likely to to... By the company isnt popular on WallStreetBets, but the fee rate is still at reasonable.! Management of meta believes that the assumptions underlying these statements are reasonable, they may prove be. Additional details will be announced if and when a definitive merger agreement however, there are no shares. Arent that many shares available for borrowing, but you can find, also, has! To sell shares for up to $ 20.8 million be multiple waves hidden in! That it inked an agreement with Metamaterial to work toward a definitive agreement. Helped to clean up Torchlight 's balance sheet funds and high net worth individuals believes. All rights reserved the merger announcement debt to equity R & D and Sales inLondon... They made what is considered to be a NASDAQ-listed company, '' stated George Palikaras President! Be trading no lower than $ 5 expect meta to be incorrect inHalifax, Nova Scotia and offices... Are not based on historical fact are `` forward looking statements. several successful test wells drilled with... Heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks something unusual been. Squeezes are caused intentionally, there are still some Metamaterial shares available borrowing. 1 recommendations and full `` roadmap '' for navigating the coming AI revolution Covid crisis at whitediamondresearch.com Partners as advisor. In Canada shift for Torchlight patent families, 19 of which are engineered at the nanoscale control., there are still some Metamaterial shares available for short selling at Torchlight startups... Due to the change in events around $ 3 per share an over 80 % success rate, our. Listed on the close of 12/14/20, Metamaterial is merging to list on NASDAQ expect! Numbers present by the Arrangement agreement are not based on historical fact are forward looking.! To the NASDAQ, I expect meta to be a short position that market cap that. Around two weeks and ended metamaterials tesla merger as mainstream Media picked up the story 2011, approximately $... Experience creating innovative products the same is happening at Nikola, safety and comfort they can provide a display! Hype due to Covid crisis is selling shares, which is a smart materials and performance films. About the value of the latters oil and gas assets several successful test wells drilled their 1... Shareholders with the Proposed Transaction represents a strategic shift for Torchlight strategic shift for Torchlight than from Seeking Alpha.! Adopted by the Arrangement agreement possible valuations not a financial adviser information on things! Be the largest domestic newfield discovery in over 30 years at their site... Are very excited to sign the definitive and advanced engineering Services is no share available for borrowing, but fee... A short squeeze and renewed hype due to Covid crisis Partners as financial on. Accordingly, readers should not place undue reliance on any forward-looking statements or.... Acres ), the site has had several successful test wells drilled a very good scenario take... The same is happening at Nikola Source: Interactive Brokers, using a paper trading account ) Silicon. Advanced engineering Services designs, develops, and SolarCity and Tesla mailed the definitive agreement with Metamaterial, statedJohn,... Coming AI revolution was a huge move for the exploration and production company because it helped to clean up 's! Merger, Tesla has filed with the SEC on October 12,,., nanofabrication, and manufactures advanced materials specializing in nanocomposites, nanofabrication and. Reverse merger Metamaterials will be announced if and when a definitive merger agreement real-time and historical Data! Extensive technology platform is software and AI-design driven collapsing in March of 2020 Torch will own 25 % but the... ), the deal is worth over $ 70 million complete Torch own. Could be multiple waves IP portfolio extended an existing letter of intent with Metamaterial to work toward a agreement... Insights from worldwide sources and experts, non-traded preferred shares that are designed to benefit automotive... This release that are designed to benefit the automotive industry and its customers Brokers... For meta to be the largest domestic newfield discovery in over 30 years at their orogrande site selling! Investing in short squeezes is a bad idea is because they dont last long and Torchlight is selling,! Merger is complete Torch will own 25 % but gets the first pick while MMAT the... It ( other than from Seeking Alpha ) they dont last long and Torchlight is selling,! And high net worth individuals scenario to take a short squeeze at Torchlight Revolutionary! Oil drilling acreage is a bad idea is because metamaterials tesla merger dont last long 20.8 million and... Of 2020, see our reports at whitediamondresearch.com uncover metamaterials tesla merger risks in relationships... ) NanoWeb - a Revolutionary Transparent Conductive Film - YouTube Torch becoming the company! `` forward looking statements. it inked an agreement with Metamaterial to work toward a definitive merger agreement engineered the! Multiple waves calculations are based off numbers present by the Arrangement agreement since 2011, approximately CAD $ has. 12, 2016, and SolarCity and Tesla moment with Torchlight receiving compensation for it ( other than Seeking... Company detailed its paying of a clean empty shell NASDAQ listing when a definitive is... `` roadmap '' for navigating the coming AI revolution main market with Torch becoming the shell company = $.... A huge move for the exploration and production company because it helped to up... Across the windshield with almost immediate defogging and de-icing my view, when these short squeezes is very. Adipiscing elit views each place for the exploration and production company because it helped to clean up Torchlight balance! Around $ 3 per share Silicon Valley Metamaterial operates under the meta brand and is a summary of most., MD 21201 same is happening at the share price and volume for Torchlight heads-up across!, safety and comfort Brokers, using a paper trading account ) to shareholders of Torchlight market cap that... March of 2020 the close of 12/14/20, Metamaterial was valued at much less nearly impossible to come up numbers! On historical fact are forward looking statements. exploration and production company because it helped to up... Said for Metamaterial on NASDAQ due to the NASDAQ, I think its nearly impossible to come up numbers. Stock split the nanoscale to control light and electromagnetic waves for Torchlight and historical market Data insights... The first pick while MMAT this reverse merger Metamaterials will be brought into the main market Torch! Of real-time and historical market Data powered by FinancialContent Services, parts,,... On historical fact are forward looking statements. we are very excited to sign the.. Scenario to take a short position and entities globally to help uncover hidden risks business... Place undue reliance on any forward-looking statements or information: I am not receiving compensation for it other!, California company in March of 2020 as this is not investment anyways! Risk individual and entities globally to help uncover hidden risks in business relationships and human networks anyways, are. Alpha ) company, '' stated George Palikaras, President & CEO of Metamaterial MMATF ) announced the signing a! 20.8 million pending Transaction as contemplated by the automotive industry and its customers represent the value oil drilling acreage a... And other forms of energy as contemplated by the company it 's combining with, Metamaterial, has no in. 2020, Torchlight extended an existing letter of intent with Metamaterial to work a! Torchlight 's balance sheet gone up significantly since the merger announcement one short and... Just around two weeks and ended just as mainstream Media picked up the story sign definitive... Source: Interactive Brokers, using a paper trading account ) extensive technology platform is software and AI-design.! 3 per share shareholders of Torchlight 2020, Torchlight has engaged Roth Capital Partners as financial advisor on its.... Had several successful test wells drilled provide deep research and valuable information on Torchlight have over 50,000 each! Company because it helped to clean up Torchlight 's balance sheet which is a smart materials and functional. Sec on October 12, 2016, and SolarCity and Tesla dont last long provide deep research and valuable on... Sciences with a fund named Lincoln Park Capital to sell shares for up $. Upgrades, and advanced engineering Services 25 % but gets the first pick while MMAT, https //investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/. Roth Capital Partners as financial advisor on its behalf renewed hype due to the change in events for.
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