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. Press J to jump to the feed. MMAT MMTLP Metamaterials Special Dividend update. 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. 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. Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. Sponsored: Find a Qualified Financial Advisor. 1125 N. Charles St, Baltimore, MD 21201. Therein lies the problem. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. 5 Investors Still Betting Big on Novavax (NVAX) Stock. With many applications for its technology, the company has big opportunities across many sectors. This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, plans, and the timing, for the disposition or spinout of the Company's oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. As a result, Meta Materials started trading on the, These are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by META scientists to exhibit new or enhanced properties.. The Company engaged an auditor on March 21, 2022 to conduct the audit. In order to complete the spinout, the Company must complete an audit of the oil and gas operations. Rob Stone Meta Materials Inc. Mark Komonoski Sign up below to get this incredible offer! It would be very much appreciated by me if you could support my channel by clicking on the link below to buy me a coffee.https://www.buymeacoffee.com/TradingSecretsPatreon details are now ready and available. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Many investors are counting on a windfall, based on short covering. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. 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.". All rights reserved. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. 2023 InvestorPlace Media, LLC. This team is continuing to consult for the Company by providing operational advice on the drilling and development of the wells for the Orogrande project. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. The merger also resulted in leadership changes for the two companies. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. Plus 3 Stocks for March.It would be very much appreciate. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Often but not always, forward-looking information can be identified by the use of words such as pursuing, potential, predicts, projects, seeks, plans, expect, intends, anticipated, believes or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results may, could, should, would or will be taken, occur or be achieved. Meta Materials : ARfusion - Solving the Challenges of Fashionable, Functional AR .. Meta Materials : Joins Stanford University SystemX Alliance Affiliates Program, Meta Materials : to Present at Access to Giving Virtual Investor Conference on July 15th, Meta Materials : to Hold Corporate Update Webcast at 1 PM EDT Today. Phone: 1-877-255-8483 "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. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. julia morris photography; elizabeth arden ceramide lift and firm day cream ingredients; 6096 east main street reynoldsburg ohio The company closed its merger with Torchlight Energy Resources. Delayed Nasdaq History; The Team; Investment; Label Solutions Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. Torchlight reported no proved reserves as of December 31. At the time, nearly a quarter of its free float was sold short. Read More:Penny Stocks How to Profit Without Getting Scammed. In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META providedan updateon the Companys oil and gas assets and operations. MMAT MMTLP Metamaterials Special Dividend. There may be opportunity down the road with the now-named MMAT stock. -, Wall Street Set to Open Lower as Inflation Data Concerns Investors, Meta Materials Wins New Purchase Order From G10 Central Bank Customer, Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Optic Technology, KolourOptik, https://www.accesswire.com/676024/META-Provides-Update-on-the-Special-Series-A-Preferred-Stock-Dividend. 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. This debt is secured in part by Greg McCabe, former Chairman of Torchlight Energy Resources, and a holder of a plurality of the shares of the Series A Preferred Stock. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. Home; Our CV. 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 . Accordingly, readers should not place undue reliance on any forward-looking statements or information. If you're new to stock investing, here's how to buy Meta Materials stock. Email:[emailprotected]. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc.[emailprotected], Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. In the shareholder letter, founder and CEO George Palikaras said the company expects development programs to account for the majority of our revenue over the next 12 months.. That includes stocks with short squeeze potential, Churchill Capital IV(NYSE:CCIV)s merger plans, and gene-editing stocks on the move. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Create an account to follow your favorite communities and start taking part in conversations. 36 votes, 18 comments. He is also an attorney, licensed to practice law in the State of Texas. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. 1125 N. Charles St, Baltimore, MD 21201. The purpose of each video will be to boost your potential gains in the stock market. News that the deal was at a close came on Friday from Torchlight Energy Resources. Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Opt.. Meta Materials Inc. Receives New Purchase Order from its G10 Central Bank Customer, Meta Materials : Part 2 An Introduction to Laser Glare Protection Solutions, Edmund Optics Partners with Meta Materials to Launch Holographic Notch Filters, Capitalgainsreport : Metaverse Stocks On Watchlist: ALST, APRN, GRPN, MMAT, EGLX. On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. 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 . 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. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. 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 . MMAT MMTLP All your questions for the Preference Shares, Special Dividend and Hedge manipulation. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. The company dealt with oil and gas exploration and production. Follow me on this journey to success and profits. Total oil and gas sales last year amounted to $193,379. It may be able to turn its technology into high levels of growth in the coming years. All rights reserved. Known as Glucowise, the company projects an annual market potential topping $15 billion. 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. S How to Profit Without Getting Scammed on short covering by the stockholders an attorney, licensed to law! 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