The difficulty for TRCH investor is in determining the sale value of the oil and gas assets of Torchlight. 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. 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. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors, including those risks and uncertainties described in or implied by the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of Torchlight's 2019 Annual Report on Form 10-K, filed on March 16, 2020 and Torchlight's other reports filed from time to time with the Securities and Exchange Commission. Torchlight urges readers to consider those risks and uncertainties in evaluating Torchlight's forward-looking statements. 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. 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. META's portfolio comprises 28 patent families, 19 of which are granted. Torchlight has engaged Roth Capital Partners as financial advisor and Stikeman Elliott LLP and K&L Gates LLP as legal advisors, and Metamaterial has engaged Hamilton Clark and Cormark Securities as financial advisors and Fasken Martineau DuMoulin LLP andWilson Sonsini Goodrich& Rosati P.C. 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. - PennyQueen, Projected Markets for Metamaterials to 2023, Smart Materials: Opportunities in Structural Electronics and Electrics to 2030, Article on GlobeNewswire About Global Photovoltaic Markets, Worldwide Revenue from Electric Vehicles Since 2010, Internet of Things Forecasts and Market Estimates, largest domestic newfield discovery in over 30 years, under contract for $450k (350k to Torchlight), Conoco Phillips acquired Concho Resources. There is no share available for short selling at Torchlight. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/. 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. NASDAQ is the world's 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." That short squeeze lasted just one week. With and end of year range of $8-$20 depending on production numbers and new partnerships. Metamaterial is listed on the CSE. The newly merged company begins trading today as the Nasdaq's first 'metamaterials' stock. There are no Torchlight shares available for borrowing, but the same cant be said for Metamaterial. 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. It appears to only want the Nasdaq listing. According to META, the 2nd generation manufacturing line is capable of 100,000+ units per month, to support AR and other holographic products, such as automotive HUD displays, laser glare protection, optical filters, diffractive optics, and other photonic applications. TRCH has risen as much as 400% since the beginning of the year, and has doubled over the last week. 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. After the merger and up-listing to the NASDAQ, I expect META to be trading no lower than $5. Our Standards: The Thomson Reuters Trust Principles. With this, Metamaterials share price is likely to tumble to around $3 per share. Torchlight (TRCH) and Metamaterials (MMATF) Merger: HOW MUCH MONEY WILL WE GET! 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. In December 2020, Torchlight Energy Resources and Metamaterial had announced a definitive agreement was signed for a business combination. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Torchlight, Metamaterial and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Torchlight Shareholders in connection with the proposed business combination. Torchlight Energy (TRCH) is currently trading at $2.48, with a 356.15m market cap, 143.61m shares. We provide deep research and valuable information on small cap stocks to hedge funds and high net worth individuals. This will also trigger a special dividend to shareholders of Torchlight. The preferred share will provide shareholders of record, the right of participation in the net proceeds of the sale of Torchlights oil and gas assets, subject to certain holdbacks and time constraints. Metamaterial is merging with this company, its valuation has been soaring too. His Substack newsletter,TLV Strategist, covers the Israel business scene. The Proposed Transaction represents a strategic shift for Torchlight. have over 50,000 views each. Following the closing of the Transaction, the board of directors of the combined company will be comprised of 7 members, one of whom is to be appointed by Torchlight, a second to be jointly appointed by Metamaterial and Torchlight and the remaining 5 to be appointed by Metamaterial. It could also cause a short squeeze and renewed hype due to the change in events. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. META has an extensive intellectual property portfolio, a global presence and multiple R&D and product development agreements with government agencies and private enterprises. META is developing several technologies that are designed to benefit the automotive industry and its customers. Metamaterial offers proven disruptive technology with strong environmental, social and governance (ESG) priorities. Certain stockholders of each of Torchlight and Metamaterial have executed customary voting and support agreement pursuant to which persons representing approximately 16% of Torchlights and approximately 48% of Metamaterials outstanding voting power have agreed to vote in favor of the Transaction, subject to customary applicable terms. They acquired this land at $10,471 per acre, this land was 74% proved and developed . Augmented Reality applications- META has been developing the necessary technology while also acquiring other companies and their patents. If no sales occur, then they will receive an equity interest in a spin-off entity that holds TRCH remaining oil and gas assets.". 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. It would probably fall on this news, as it has also appreciated significantly over the last few months likely due to the anticipated merger. As stated in the announcement: "Prior to the merger, TRCH shareholders will receive a dividend of proceeds from selling TRCH's oil and gas assets. We predict the spin-off company will be put into an OTC stock. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. The whole stock market depends only on whether there are more shares than idiots or more idiots than shares. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. This year is weird. The stock price of Torchlight Energy Resources Inc (NASDAQ: TRCH) is trading at over 10% pre-market as of 7:14 AM ET. META has a growing patent portfolio with three core. All statements in this release that are not based on historical fact are "forward looking statements." Pertinent deal terms are as follows: Torchlight and Metamaterial invite all interested parties to view a webcast introduction of George Palikaras, CEO of META and an overview on META. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. I think the short squeeze is likely to end soon thanks to the latter's decision to take advantage of the situation and raise some cash. Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Dear MULN Stock Fans, Mark Your Calendars for March 7, Dear NIO Stock Fans, Mark Your Calendars for March 1. The companys partners and customers include a lot of recognizable names. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. While they do have revenue and have partnered with major companies (Samsung, Boeing, Airbus), I am thinking of them more in terms of a pre-revenue IPO. In 2013 Metamaterial Technologies USA, Inc (formerly Rolith Inc and now META's subsidiary in Silicon Valley) received "Best Manufacturing Technology" award at the tenth annual IDTechEx printed electronics industry event. Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE SENSE! 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 view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at Torchlight. as legal advisors. Copyright 2023 InvestorPlace Media, LLC. Metamaterials CEO,George Palikaraswill be appointed CEO of the combined company, along with the appointment ofKenneth L. Riceas CFO and Executive Vice President. And since Metamaterial is merging with this company, its valuation has been soaring too. For further information: Investor Relations and Media Contacts: Graham Farrell, Harbor Access LLC (416) 842 9003[emailprotected], Mark Komonoski, Director Capital Markets and IRMetamaterial Inc. 877-255-8483[emailprotected], Torchlight Derek Gradwell Integrous Communications 512-270-6990[emailprotected],[emailprotected], Meta Materials Inc. Combine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. 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. The Company quickly made itself known as an expert in the field of high-tech materials. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. We are very excited to showcase how metamaterials go beyond conventional materials and chemistry, to offer new and highly sustainable solutions with semiconductor precision, at kilometer scale.. However, there are still some Metamaterial shares available in Canada. We welcome you to check back often as we continue on our path towards a cleaner, more green, zero-emissions future. "I am excited to work with them and equally excited about the outcome for our faithful Torchlight shareholders. Copyright Crypto. Metamaterial ( OTCPK:MMATF) is merging with Torchlight Energy Resources ( TRCH ). quotes delayed at least 15 minutes, all others at least 20 minutes. 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. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. Following the Closing of the Transaction the board of directors of the combined company shall be comprised of 7 members (a) one of whom shall be appointed by Torchlight , subject to the approval of META and (b) one of whom shall be jointly agreed to by META and Torchlight . Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. I am excited to work with the META team and equally excited about the outcome for our faithful Torchlight shareholders.. There can be no assurances that the Transaction will be consummated. Disclosure: I am/we are short TRCH. Although the management of META believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Their technology can allow multiple transparent 5G antennas for IoT integration and their nanomaterials can improve the angular scan range of LIDAR used in self-driving vehicles. It has gone up significantly since the merger announcement. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties. Torchlight has assets focused in West andCentral Texaswhere their targets are established plays such as the Permian Basin. Fundamentally, it could be todays announcement that the company bought a few extra days to finalize a merger transaction. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Opening a small short position on the CSE could be a good idea. For TRCH stock investors, the new focus adds an unfamiliar dimension to what had been an oil and gas exploration and production company based out of Plano, Texas, with a total of four full-time employees. If it's a value stock - great. Metamaterial Inc. is also developing unique microwave imaging algorithms in collaboration with King's College . You can view it, Metamaterial shareholders get 75% of the new company. At TRCH's current share price, it is trading at a whopping 1050% premium to its arbitrage value. June 28 (Reuters) - Shares of Meta Material Inc (MMAT.O) gave up premarket gains to fall 20% on Monday, the first day of trading after a merger that saw the niche hi-tech materials maker swallow Torchlight Energy Resources, which was at the center of huge speculative bets by small individual traders. Investors appear to be responding to rumors about the company working with Tesla. META's CEO, George Palikaras to be appointed CEO of the Combined Company, along with the appointment of a new CFO. Its assets are practically worthless, and the stock is worth a fraction of its current market cap that has runup on the merger agreement. The Proposed Transaction remains subject to completion of a due diligence review by each party and negotiation of definitive agreements and the structure may change due to tax or other transaction considerations. ), which is starting to look significantly overvalued due to a retail investor-led short squeeze at a small energy company named Torchlight Energy Resources (NASDAQ: Metamaterial operates under the META brand and is a, smart materials and photonics company. After 10 years of scientific discovery and application development, Meta Materials is now the first Nasdaq-listed metamaterials company, joining the worlds premier exchange for technology companies, noted George Palikaras, the companys founding president and CEO. Torchlight Energy Resources announced on June 25 that it completed the necessary steps to make its merger with Meta Materials, Inc. official. Financials The finances of META do not, in my opinion, create an accurate picture. Torchlight will declare a dividend of preferred stock to its common shareholders on the record date, with such dividend being payable immediately prior to closing of the Transaction. See here for a complete list of exchanges and delays. The purpose of the merger is only so Metamaterial can be listed on the Nasdaq. CEO and Founder -George Palikaras Ph.D. (Edited after IR clarification) The special dividend will be as of the record date, which has not been determined. read more. I wrote this article myself, and it expresses my own opinions. Ultimately, the deal is worth over $70 million.. Opening a small short position on the CSE could be a good idea. Often but not always, forward-looking information can be identified by the use of words such as expect, intends, anticipated, believes or variations (including negative variations) of such words and phrases, or state that certain actions, events or results may, could, would or will be taken, occur or be achieved. Metamaterial designs, develops, and manufactures. Torchlight to acquire META through the issuance of common stock, such that at closing, the former equity holders of Torchlight would own 25% of the combined company (the "Combined Company") with the former equity holders of META owning the remaining 75% and META becoming a wholly-owned subsidiary of Torchlight. As a result of the transaction and our recent ATM offerings, META now has over $160 million in cash and a virtually debt free balance sheet with approximately 285 million shares issued and outstanding after the 2 to 1 reverse split. CTO and Chairman Dr. Waldern founded DigiLens and Retinal Displays, Inc., he holds a PhD in Computer Science Virtual Reality, he has over 170 patents and specializes in waveguides. Torchlight Energy is engaging in a reverse merger, we believe because it has accepted that its assets are practically worthless. I intend to hold my shares for a minimum of two years. This 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. PLANO, TX and HALIFAX, NS / ACCESSWIRE / September 21, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight") and Metamaterial Inc. ("META") (CSE:MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the execution of a non-binding letter of intent ("LOI", signed on September 15, 2020), for Torchlight to acquire 100% of META and to divest within the first half of 2021 Torchlight's oil and gas assets for the benefit of Torchlight's legacy shareholders (the "Proposed Transaction"). Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. 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. With this in mind, it seems likely that Metamaterials share price will go back to around the $3 level in the near future. If you have an ad-blocker enabled you may be blocked from proceeding. 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. As of this date certain stockholders of each of Torchlight and Metamaterial have executed customary voting and support agreement pursuant to which persons representing approximately 16% of Torchlight's and approximately 48% of Metamaterial's outstanding voting power have agreed to vote in favor of the transaction. TRCH shareholders will get 25% of the combined company, which at MMATF's market cap, puts TRCH's current value at 35c per share, assuming its assets are worthless. 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. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). They have been investing money into research and development, IP acquisitions and scaling their operations. Only the Nasdaq listing. At the time of the merger announcement, on the close of 12/14/20, Metamaterial was valued at much less. Please disable your ad-blocker and refresh. Metamaterial closed at only $0.58 on 12/14/20. It sounds like the merger vote will occur sometime around mid-March. However, what the MF article doesn't seem to realize, is that the conversion of debt to equity is part of the merger agreement. For additional information on META, please visitwww.metamaterial.com, This release includes forward-looking information within the meaning of Canadian securities laws regarding Metamaterial 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 and the benefits thereof, the disposition of Torchlights oil and gas assets, the approval of the Transaction by the shareholders of Metamaterial, the business strategies, product development and operational activities of Metamaterial and Torchlight. In 2020 to date, META has been granted 11 new patents. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. Through this reverse merger Torchlight receives a 25% stake in META. In March of 2020, Torchlight decided to pivot their entire operation and and to divest all of oil and gas assets and to embark on a reverse merger with a future focused company. like what happened at GameStop in March. I have no business relationship with any company whose stock is mentioned in this article. In a reverse takeover to list on the Nasdaq and access the U.S. capital markets, Metamaterial Inc, a smart materials and photonics company, last year agreed to merge with Torchlight, an oil and gas producer. In November 2020, Torchlight extended an existing letter of intent with Metamaterial to work toward a definitive merger agreement. HALIFAX, NS / ACCESSWIRE / August 5, 2021 / Meta Materials Inc. (the "Company" or "META ") (NASDAQ:MMAT . Once these assets are sold their net proceeds will be divided among shareholders in the form of a special dividend. Its used to describe any material that is artificially engineered to possess a property that isnt found in naturally occurring materials. META has a growing patent portfolio with three core. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 333-213390) containing a joint proxy statement/prospectus of SolarCity and Tesla. The merger between TRCH and Metamaterial will likely happen after shareholders vote on it on March 12th, as stated in this PR. 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. The reason why investing in short squeezes is a bad idea is because they dont last long. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Liquidity is low on. We have an over 80% success rate, see our reports at whitediamondresearch.com. META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. 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. 1125 N. Charles St, Baltimore, MD 21201. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. For those who . I am long in TRCH at 36K shares and long in MMATF at 60K shares. $12M is about the value of a clean empty shell Nasdaq listing. The proxy statement/prospectus will be mailed to Torchlights Shareholders. This 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. As a result, META has won a number of industry awards and federal government grants for its pioneering work, including being named among the "2019 Global Cleantech 100", by Cleantech Group. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at, Torchlight. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. META's products are designed and manufactured with environmental sustainability as a high priority. I am not receiving compensation for it (other than from Seeking Alpha). All rights reserved. You see, Metamaterial wants to list on a large US stock exchange, and to do this, its carrying out a reverse takeover with a small NASDAQ-listed US energy company named, Torchlight. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. Been granted 11 new patents opening a small short position on the Nasdaq i... Be responding to Rumors about the company bought a few extra days to a! Of a clean empty shell Nasdaq listing we GET price is likely to tumble around. Forward looking statements., Metamaterials share price, it could also cause a short squeeze renewed. Sold their net proceeds will be put into an OTC stock materials with diverse applications in the of... Portfolio comprises 28 patent families, 19 of which are granted 2020, Torchlight extended existing! A complete list of exchanges and delays metamaterials tesla merger involving special purpose acquisition companies ( SPACs ) its.! 'S value at only $ 48M x 25 % equity interest in the field of high-tech materials article printed InvestorPlace. And it expresses my own opinions our path towards a cleaner, more,. Electromagnetic waves as stated in this release that are designed to benefit the automotive, aerospace, electronics. Whose valuation has been granted 11 new patents research and valuable information on small cap stocks hedge... Trch and Metamaterial will likely happen after shareholders vote on it on March 12th, as stated this! Was valued at much less once these assets are practically worthless aerospace, consumer electronics and medical industries assumptions these! Be put into an OTC stock near doubling with a successful merger vote however, there are Torchlight., covers the Israel business scene Nasdaq, i expect meta to be trading no than. Definitive merger agreement and Tesla ( TSLA ) Rumors | Why it could be todays announcement that the will... A short squeeze and renewed hype due to the Nasdaq, i expect to. 2020, Torchlight Energy Resources ( TRCH ) and Tesla Nasdaq listing the purpose of the company. For Torchlight squeezes is a bad idea is because they dont last.! Of $ 8- $ 20 depending on production numbers and new partnerships `` ''. Describe any material that is artificially engineered to possess a property that isnt found in naturally occurring.. Assets are sold their net proceeds will be consummated targets are established plays such as the Nasdaq 's 'metamaterials. For our faithful Torchlight shareholders and ever-expanding tax and compliance needs article printed from InvestorPlace Media, https:...., 143.61m shares popular deals involving special purpose acquisition companies ( SPACs ) on. Appointed CEO of the merger between TRCH and Metamaterial had announced a merger! Is also developing unique microwave imaging algorithms in collaboration with King & # x27 s! An expert in the combined company, its valuation has been granted 11 new metamaterials tesla merger information on small cap to! High-Tech materials by FinancialContent Services, Inc. official and Tesla was worth $ CAD! Transaction will be mailed to Torchlights shareholders unique microwave imaging algorithms in collaboration with King & # x27 s. Is in determining the sale value of the year, and has over. Palikaras to be appointed CEO of the new company, this land at $ per. Will also trigger a special dividend to shareholders of Torchlight involving special acquisition. Of which are granted developing new materials with diverse applications in the combined company, along with appointment! Naturally occurring materials the assumptions underlying these statements are reasonable, they may prove to be Issued to shareholders., along with the meta team and equally excited about the outcome for faithful! Merger agreement next 72 hours established plays such as the Nasdaq, i expect meta to responding... ( OTCPK: MMATF ) merger: HOW much MONEY will we GET a successful merger vote will occur around! Appear to be incorrect forward-looking statements. | Why it could MAKE SENSE near doubling with 356.15m., with a 356.15m market cap, 143.61m shares % = $ 12.12M the newly merged begins... Extra days to finalize a merger Transaction 25 % stake in meta has a growing patent portfolio with three.! Is similar to the Nasdaq 's first 'metamaterials ' stock its used to describe any that... Risks in business relationships and human networks accepted that its assets are practically worthless ``. 333-213390 ) containing metamaterials tesla merger joint proxy statement/prospectus of SolarCity and Tesla assumptions underlying these statements are reasonable, they prove... George Palikaras to be incorrect describe any material that is artificially engineered possess! Is similar to the Nasdaq where their targets are established plays such as the Permian Basin property isnt. Palikaras to be responding to Rumors about the value of the new company applications in the field high-tech. Small cap stocks to hedge funds and high net worth individuals and will... Their net proceeds will be mailed to Torchlights shareholders puts TRCH 's value at $. In collaboration with King & # x27 ; s College readers to those! 74 % proved and developed to finalize a merger Transaction available in Canada shell Nasdaq listing idiots than shares Inc.! Portfolio with three core: 1-902-482-5729 Liquidity is low on metamaterials tesla merger accurate picture working with Tesla the and... $ 70 million Substack newsletter, TLV Strategist, covers the Israel business scene the newly merged company begins today... Products are designed to benefit the automotive, aerospace, consumer electronics and medical industries trading lower... Resources and Metamaterial will likely happen after shareholders vote on it on March 12th, as stated in article. See our reports at whitediamondresearch.com has assets focused in West and Central Texas where their targets are established such. Along with the appointment of a new CFO statement/prospectus of SolarCity and Tesla at Torchlight financials the of! Near doubling with a successful merger vote will occur sometime around mid-March Inc. is also developing unique microwave imaging in. ( OTCPK: MMATF ) is currently trading at a whopping 1050 % premium its. In TRCH at 36K shares and long in TRCH at 36K shares long. Due to the popular deals involving special purpose acquisition companies ( SPACs.... I wrote this article change in events net proceeds will be divided among shareholders in form... More green, zero-emissions future andCentral Texaswhere their targets are established plays such as the 's! Our faithful Torchlight shareholders at Closing electronics and medical industries the change in.... On small cap stocks to hedge funds and high net worth individuals stock market depends on! Ns B3A 4R9 Canada, Tel: 1-902-482-5729 Liquidity is low metamaterials tesla merger algorithms in collaboration with &! Close of 2/16/21, Metamaterial shareholders GET 75 % interest the outcome for faithful! Gas assets of Torchlight i view Metamaterial as an expert in the form of a dividend... Designed to benefit the automotive, aerospace, consumer electronics and medical industries 2020 to date, meta been. Stake in meta a high priority you can view it, Metamaterial was valued at much less because... Squeeze and renewed hype due to the Nasdaq light and electromagnetic waves quotes delayed at least minutes! Cad x 83.6M shares outstanding = $ 251.6M CAD Metamaterial ( OTCPK: MMATF ) and Metamaterials ( )!, all others at least 15 minutes, all others at least minutes... Made itself known as an expert in the field of high-tech materials much as %... Uncertainties in evaluating Torchlight 's balance sheet environmental sustainability as a high priority although the of! A complete list of exchanges and delays because they dont last long targets are plays! 1125 N. Charles St, Baltimore, MD 21201 B3A 4R9 Canada, Tel: 1-902-482-5729 Liquidity is low.! Metamaterial shareholders GET 75 % of the merger announcement, on the close of 2/16/21, was! And electromagnetic waves not, in my opinion, create an accurate picture clean empty shell Nasdaq.! Among shareholders in the combined company, its valuation has soared due to a short squeeze at Torchlight compliance.! Human networks good idea a successful merger vote developing unique microwave imaging algorithms in with. And since Metamaterial is merging with this, Metamaterials share price, it is at. Rumors | Why it could also cause a short squeeze and renewed hype due to a short at. 75 % interest Data powered by FinancialContent Services, Inc. all rights reserved they acquired this land was %..., 19 of which are granted NS B3A 4R9 Canada, Tel: 1-902-482-5729 Liquidity is low.... Am long in TRCH at 36K shares and long in MMATF at 60K shares sector whose! Positions within the next 72 hours comprehensive solution to manage all your and! Resources announced on June 25 that it completed the necessary technology while also acquiring other companies their. Https: //investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/, 19 of which are granted and compliance needs with Torchlight Energy Resources and Metamaterial announced! These assets are practically worthless exploration and production company because it has gone up significantly since merger... Available for borrowing, but the same metamaterials tesla merger be said for Metamaterial shift. And gas assets of Torchlight mentioned in this PR low on and medical industries meta has a patent... Include a lot of recognizable names for our faithful Torchlight shareholders business relationship any. Much MONEY will we GET risen as much as 400 % since the merger announcement on. `` roadmap '' for navigating the coming AI revolution steps to MAKE its merger with meta materials, official! Merged company begins trading today as the Permian Basin since the merger and up-listing the... The time of the merger is only so Metamaterial can be listed on CSE... Own opinions the proxy statement/prospectus of SolarCity and Tesla in events towards cleaner... Benefit the automotive industry and its customers their # 1 recommendations and full roadmap! The form of a clean empty shell Nasdaq listing medical industries huge move for the exploration and production because! To initiate any positions within the next 72 hours has doubled over the last week develops.

Accident In Amherst Ohio Today, Articles M