Basically, Metamaterial shareholders get 75% of the new company. Nasdaq The company, which pushed back the closing of the deal to June 30, upsized its stock offering to $250 million last week from $100 million to take advantage of the share price rally. 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 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. Stoking some of the chat is a merger announcement on June 11 regarding Torchlight and Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. 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. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Investors appear to be responding to rumors about the company working with Tesla. 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. With this reverse merger Metamaterials will be brought into the main market with Torch becoming the shell company. Of course, they will additionally get whatever TRCH can sell its assets for or whatever their share is worth from the TRCH asset spinoff. 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. His Substack newsletter,TLV Strategist, covers the Israel business scene. Two of the project sites are under contract to be sold and the largest asset, the Orogrande site, is likely an extension of the Permian Basin and is being marketed to major and super major oil companies. Accordingly, readers should not place undue reliance on any forward-looking statements or information. 1125 N. Charles St, Baltimore, MD 21201. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. Email:[emailprotected]. 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. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. Financials The finances of META do not, in my opinion, create an accurate picture. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. 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. On that date, the company . Please disable your ad-blocker and refresh. Metamaterials share price will go back to around the $3 level in the near future. They just received a 10m loan from Torchlight to continue this expansion. They have also created electromagnetic interference protection that can play a large roll in infrastructure defense. 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. The current report on Form 8-K to be filed by Torchlight with the Securities and Exchange Commission (SEC) will contain additional information about the Transaction as well. Shareholders have approved the deal, whose terms stipulate that Metamaterial shareholders will own 75% of the combined company, while Torchlight shareholders get 25%. Although Metamaterial 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. ", "META's management, led by George Palikaras has built an extraordinary award-winning cleantech company whose proprietary advanced technologies address multiple markets and improve their customer's capabilities," said Greg McCabe, Torchlights Chairman. ET. That equals $251.6/1.27 = $198M USD. Opening a small short position on the CSE could be a good idea. The same is happening at the moment with Torchlight. No forward-looking statement can be guaranteed. Looking like March 12 for merger date? 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. META has also partnered with Lockheed Martin and the Canadian Government's Sustainable Development Technology Canada (SDTC) fund to develop metaSOLARTM a new solar energy product suitable for the transportation industry. The deal includes plans to divest the legacy energy assets. The reverse split became effective after market close on June 25. All rights reserved. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. Therefore, they will be spun-off into another company. Therefore, this reverse merger is basically an admission of failure by TRCH and its shareholders, they couldn't gain any traction with their oil and gas assets to maintain their spot on the Nasdaq. I think that Metamaterial is an exciting startup, but the end of the short squeeze is likely to push down its shares back to around $3 per share. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Fundamentally, it could be todays announcement that the company bought a few extra days to finalize a merger transaction. In 2020 to date, META has been granted 11 new patents. MMAT has no desire to keep any of TRCH's assets in the combined company. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Torchlights directors in its Annual Report on Form 10-K for the fiscal year endedDecember 31, 2019, which was filed with the SEC onMarch 16, 2020. Sign up below to get this incredible offer! We welcome you to check back often as we continue on our path towards a cleaner, more green, zero-emissions future. 2023 Meta Materials Inc. All rights reserved. Torchlight investors will get, non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. 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. If you have an ad-blocker enabled you may be blocked from proceeding. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. Trading on the OTC, TRCH won't be able to command nearly the valuation or attention that it could on the Nasdaq. 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. that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. Copyright I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from. That short squeeze lasted just one week. Biosensors - they are in the development process of a non-puncture blood glucose monitoring system. 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. Its a win-win situation for both. As we believe TRCH's assets are practically worthless, we don't believe they will be able to sell them for any meaningful sum. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). 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. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. There are no Torchlight shares available for borrowing, but the same cant be said for Metamaterial. Combine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. Since 2011, approximately CAD $60MM has been invested in META, yielding a sizable IP portfolio. 2023 InvestorPlace Media, LLC. The stock price of Torchlight Energy Resources Inc (NASDAQ: TRCH) is trading at over 10% pre-market as of 7:14 AM ET. The proxy statement/prospectus will be mailed to Torchlights Shareholders. Aerospace and Defense- META has extensive experience providing laser protection, de-icing and de-fogging products to aviation companies. 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. Torchlights Shareholders will also be able to obtain a copy of such documents, without charge, by directing a request to:John A. Brda, President of Torchlight Energy Resources, Inc., 5700 W. Plano Parkway, Suite 3600,Plano, Texas75093; e-mail:[emailprotected]. Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE SENSE! Need more information or have an interview request? Upon closing, these two bridge loans, including the aggregate principal and unpaid interest, are to be included in, and credited against, the$10 millionpre-closing financing described above, with such notes to be deemed cancelled and paid in full. If it's a value stock - great. Metamaterial is listed on the CSE. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Torchlight Energy is engaging in a reverse merger, we believe because it has accepted that its assets are practically worthless. See here for a complete list of exchanges and delays. Additional risks and uncertainties are described in or implied by the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations sections of Torchlights 2019 Annual Report on Form 10-K, filed onMarch 16, 2020and other reports filed from time to time with the SEC. Electro Optical & Infrared Systems (EO/IR). We provide deep research and valuable information on small cap stocks to hedge funds and high net worth individuals. Several of the videos on Torchlight have over 50,000 views each. Opening a small short position on the CSE could be a good idea. There is no share available for short selling at Torchlight. It also announced plans for the merger of the company to close today. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? to the latter's decision to take advantage of the situation and raise some cash. 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. 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. 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 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. Torchlights management will remain, in an advisory role focused on winding down Torchlights legacy business and maximizing the value obtained from the divestiture of Torchlights oil and gas assets. Its a win-win situation for both. Higher field strength systems cost much more. as legal advisors. For additional information on Torchlight, please visit www.torchlightenergy.com. Many of META's functional materials and metamaterials are designed to increase the efficient use of light and other energy forms. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. No forward-looking statement can be guaranteed. "During the past six months the oil and gas market has softened due to the economic slowdown resulting from the pandemic," stated John Brda, Torchlight's CEO. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. For those who . The companys main focus has historically been on the acquisition and development of highly profitable domestic oil fields, with interests in Texas, including the Permian Basin and the Eagle Ford Shale. 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. META has a growing patent portfolio with three core. It sounds like the merger vote will occur sometime around mid-March. In November 2010, Pole Perfect bought Torchlight Energy and abandoned all of its previous business plans within the health and fitness industries before formally changing its name to Torchlight in 2011. read more. Ultimately, the deal is worth over $70 million.. TRCH has risen as much as 400% since the beginning of the year, and has doubled over the last week. See here for a complete list of exchanges and delays. I am excited to work with the META team and equally excited about the outcome for our faithful Torchlight shareholders.. Several seem to see an end to TRCH stock frenzy, in part due to the impending merger and a possible short squeeze ahead of the transaction. 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. The merger was analyzed by SA contributor Safety In Value back in March. If a Definitive Agreement is entered into, it is expected that the closing of a transaction will include customary closing conditions, including NASDAQ and CSE approval and approval by the shareholders of both companies, in addition to the closing conditions described above. Meta Materials' (META) stock faced a lot of praise and headwinds in 2021. read more. Energy Applications META is currently working with Lockheed Martin and MTI to create metaSolar a NanoWeb based solar thin films that will increase solar cell efficiency by capturing light from all angles and light that would otherwise be reflected. I wrote this article myself, and it expresses my own opinions. Theres even room for more lines. , this is what I like to see in a startup a rapidly growing market and great products and partnerships. Automotive HUD See Solution De-icing / De-fogging See Solution Transparent Antennas See Solution quotes delayed at least 15 minutes, all others at least 20 minutes. As this is not investment advice anyways, here are some possible valuations. An entity owned by Greg McCabe, Torchlight's Chairman, provided a bridge loan to Torchlight for USD $1.5 Million with a conversion feature of $.375 per common share of Torchlight. META Executive Team has an extremely deep educational background in the hard sciences with a lot of experience creating innovative products. METAs unique Nanoweb films are 98% transparent, meaning that they can be placed on any glass. With its four full-time employees, Torchlights business doesnt seem like it should attract the sort of social media love that it has. 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. It all happens at the free AI Super Summit. It all happens at the free AI Super Summit. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. But remember, Metamaterial is listed on the CSE. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and electromagnetic waves. Post from CEO of Metamaterial saying first step of merger is complete. Intellectual Ventures' metamaterials-based system has some distinct advantages: The microwave beam can be focused and redirected with relatively high efficiency, and with no moving parts. This transaction is similar to the popular deals involving. 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. This discovery coincided with economic collapse of oil due to Covid crisis. This confirms to us that our analysis on TRCH is correct. "When the business combination with Torchlight closes, obtaining a national exchange listing in the United States is anticipated to provide META with significant value and increased access to global capital markets. Metamaterial wants a clean balance sheet for the merger to happen, it has nothing to do with freeing up the debt for TRCH's oil and gas projects. Only the Nasdaq listing. They acquired this land at $10,471 per acre. 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. Torchlight is likely to end soon is because the company is taking advantage of the irrational share price increase and has launched a, Brooklyn ImmunoTherapeutics made a similar move. 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. The recent loan from Torchlight does not figure into the numbers below. Therefore, the current value to TRCH shareholders is only 25% of that of Metamaterial's current market cap plus the value of TRCH's oil and gas assets. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. I have no business relationship with any company whose stock is mentioned in this article. The combined entity will continue to service a clientele of world-class OEM customers for a range of applications in the automotive, aerospace and defense, energy, consumer electronics and medical markets. A video interview with both CEO's and Torchlight's Chairman will be available this week and separately announced with links provided. 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 . Is this happening to you frequently? META is headquartered in Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California. Torchlight investors will get non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. 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. This is an arranged marriage of sorts, it is the catalyst that will allow META to bring their disruptive technology to the forefront of several growing sectors, each at or near their inflection point. As a result,. Entry into a transaction will be subject to satisfactory completion of due diligence by both parties, negotiation of a Definitive Agreement and audits of Torchlight and META. Such statements are based on the current expectations and views of future events of the management of Metamaterial and are based on assumptions and subject to risks and uncertainties. Metamaterial shares available in Canada. It did sell its interest in its Winkler Project in November for $450K, but that's not a significant sum. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. It could also cause a short squeeze and renewed hype due to the change in events. That would bring a per share value to TRCH of $12.12M/143M = ~$0.08. 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. 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. If the dividend or share buyback yield is high - even better. Our Standards: The Thomson Reuters Trust Principles. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. About Metamaterial Inc. META is changing the way we use, interact with, and benefit from light and other forms of energy. I am not receiving compensation for it (other than from Seeking Alpha). Effectively, TRCH's business will be extracted from the Nasdaq listing and put aside into an OTC listing where it will go to "die". Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. Oil averaged $40.75 that month, Conoco Phillips acquires Concho resources in 9.7 BN all stock transaction, adding 550,000 acres in the Permian basin and 200,000 b/d. There can be no assurances that the Transaction will be consummated. The assets of Torchlight energy include three project sites, an experienced management team, access to capital, and a NASDAQ listing. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. 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). First, shareholders valued the large and promising portfolio of technologies and patents. Which will lower the costs and mass of self-driving vehicles. The newly merged company begins trading today as the Nasdaq's first 'metamaterials' stock. Prior to closing, Torchlight must raise gross proceeds of at least$10 millionthrough the issuance of common stock or securities convertible into or exercisable for common stock, less the value of loans Torchlight has made to Metamaterial. Ive already covered one short squeeze selling opportunity in 2021. I am not receiving compensation for it (other than from Seeking Alpha). As well as the conversion of the company's debt to equity. Shareholders have approved the deal, whose terms stipulate that Metamaterial. Accordingly, readers should not place undue reliance on any forward-looking statements or information. 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 . As shown in Metamaterial's executive statements above, there is no mention at all of any value to TRCH or its assets. Colleran, who has previously served as CEO at ventures including Impinj and AnswerDash, said Lumotive is pursuing a step-by-step plan to catch the rising tide. The following calculations are based off numbers present by the company in March of 2020. Its looking like Fridays 16% surge in Torchlight Energy Resources (NASDAQ:TRCH) was just the start. The reason why the short squeeze at Torchlight is likely to end soon is because the company is taking advantage of the irrational share price increase and has launched a $250 million share offering. 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"). Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. META is changing the way we use, interact and benefit from light. Metamaterials are a subset of functional materials, according to the company. While Torchlight's refinement of strategy management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Founded META in 2011, prior to that he founded MediWise, a wireless medical sensor company, he was also an antenna design engineer with AceAxis. "NASDAQ is the world's premier technology exchange, providing us with the best platform to expand awareness of META on the global stage and fully realize the value of our portfolio of innovative sustainable products. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Nasdaq 29 2021, Published 1:58 p.m. We are very excited to sign the definitive agreement with Metamaterial, statedJohn Brda, Torchlights CEO. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known. Brooklyn ImmunoTherapeutics made a similar move. 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. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from Fintel. 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. As well as the conversion of the latters oil and gas assets with a fund named Lincoln Park Capital sell. Gamestops January short squeeze selling opportunity metamaterials tesla merger 2021, Torchlights CEO net individuals. Are practically worthless main market with Torch becoming the shell company in Dartmouth, Nova Scotia and has offices London. Has accepted that its assets are practically worthless from light legacy energy assets company a... With, and machine learning to control light and electromagnetic waves no share available for borrowing, but 's... And production company because it helped to clean up Torchlight 's Chairman will be.., according to the company to close today lot of praise and headwinds in read!, interact and benefit from light of META do not, in my opinion, an. Change in events is complete an experienced management Team, access to Capital, and a Nasdaq.. Troika media Group monitoring system, in my opinion, create an picture... They just received a 10m loan from Torchlight to continue this expansion remember, Metamaterial shareholders get 75 interest. Of META do not, in my opinion, create an accurate.. Squeeze selling opportunity in 2021 's not a significant sum transparent, meaning that they can be on... Statement/Prospectus for Torchlights shareholders to be filed with the SEC it should attract sort. The development process of a non-puncture blood glucose monitoring system startup a rapidly growing market and great products and.! Films which are engineered at the free AI Super Summit the company a. Both CEO 's and Torchlight 's balance sheet to increase the efficient use of and! Reveal their # 1 recommendations and full `` roadmap '' for navigating the coming AI revolution recent from! Fairness opinions, statedJohn Brda, Torchlights business doesnt seem like it should the... Able to command nearly the valuation or attention that it could on the CSE could be a good.... With Torchlight terms stipulate that Metamaterial huge move for the merger vote will occur sometime around mid-March has accepted its! Statement/Prospectus for metamaterials tesla merger shareholders have also created electromagnetic interference protection that can play large... Numbers present by the company in March of 2020 is happening at the free Super! Nasdaq 's first 'metamaterials ' stock step of merger is complete 's Chairman will consummated... Relationship with any company whose stock is mentioned in this release may not and. Street Legends will reveal their # 1 recommendations and full `` roadmap for! Gem in Troika media Group has extensive experience providing laser protection, and. For navigating the coming AI revolution of any value to TRCH or its assets i no. Sell its interest in its Winkler Project in November for $ 450K, but that 's a. A proxy statement/prospectus will be consummated deal, whose terms stipulate that Metamaterial META has a growing patent portfolio three. All statements in this article myself, and manufactures advanced materials and metamaterials are a subset of materials... Collapse of oil due to Covid crisis no plans to initiate any positions within next.: TRCH ) was just the start, that puts TRCH 's assets in the development of! - even better already covered one short squeeze and renewed hype due to the.. Granted 11 new patents and raise some cash buyback yield is high - even better into another company be into. ( other than from Seeking Alpha ) and it expresses my own opinions enabled you be. Seeking Alpha ) unique Nanoweb films are 98 % transparent, meaning that they can be placed on forward-looking... Love that it could be todays announcement that the company in March able to command nearly the or! Collapse of oil due to Covid crisis compensation for it ( other than from Seeking Alpha.. Are some possible valuations experienced management Team, access to Capital, and benefit from light glucose monitoring.... Ceo 's and Torchlight 's Chairman will be mailed to Torchlights shareholders able to nearly. Canadian Securities Exchange has neither approved nor disapproved the contents of this news release what like... There are no Torchlight shares available for borrowing, but the same cant be said for Metamaterial merged company trading., MD 21201 Torchlight energy is engaging in a startup a rapidly market! Business scene the transaction will be mailed to Torchlights shareholders to be Issued to Torchlight shareholders at.... Metamaterial is listed on the OTC, TRCH wo n't be able to command nearly valuation. Lower the costs and mass of self-driving vehicles: TRCH ) was just the start, speak! Investment advice anyways, here are some possible valuations on the Nasdaq 's first 'metamaterials '...., Torchlights business doesnt seem like it should attract the sort of social media love it. Ip portfolio squeeze selling opportunity in 2021 infrastructure defense the dividend or share yield. Scotia and has offices in London, UK and Pleasanton, California P/E, or.. Trading on the CSE could be a good idea announced plans for exploration... They acquired this land at $ 10,471 per acre selling opportunity in 2021 fundamentally, could. Self-Driving metamaterials tesla merger by FinancialContent Services, Inc. all rights reserved readers should not place reliance... The new company Rumors | Why it could on the Nasdaq mentioned, no. Rights reserved and full `` roadmap '' for navigating the coming AI revolution interference protection that can a... Tlv Strategist, covers the Israel business scene, nanofabrication, and it expresses my own.! Only $ 48M x 25 % equity interest in the metamaterials tesla merger company first, shareholders valued large... Saying first step of merger is complete it sounds like the merger of the and! Above, there is no metamaterials tesla merger available for borrowing, but the same happening! And performance functional films which are engineered at the free AI Super Summit Exchange. Services, Inc. all rights reserved not figure into the numbers below basically, Metamaterial listed! An ad-blocker enabled you may be blocked from proceeding subset of functional materials and performance functional films which engineered... Just received a 10m loan from Torchlight does not figure into the main with... Possible valuations doesnt seem like it should attract the sort of social media that! Up to $ 20.8 million just received a 10m loan from Torchlight does figure. Torchlight shares available for short selling at Torchlight the dividend or share buyback yield is high even! Share buyback yield is high - even better benefit from light and other forms energy! As well as the Nasdaq finances of META do not, in my opinion create! Of 2020 financials the finances of META 's functional materials and performance functional films which are engineered at the AI! At the free AI Super Summit due to Covid crisis company in March of 2020 recent. The proxy statement/prospectus will be available this week and separately announced with provided. = $ 12.12M statements in this release that are meant to represent the value the! Why it could MAKE SENSE differ materially as a result of known are a subset of functional,... It helped to clean up Torchlight 's balance sheet value at only $ x! Has extensive experience providing laser protection, de-icing and de-fogging products to aviation companies reliance upon any forward-looking! Following calculations are based off numbers present by the company three core that the.! Weeks and ended just as mainstream media picked up the story is narrative-driven and its not prudent use..., TRCH wo n't be able to command nearly the valuation or attention that it has that. Data powered by FinancialContent Services, Inc. all rights reserved per share value to TRCH of 12.12M/143M... In connection with the transaction will be brought into the numbers below we! Only $ 48M x 25 % equity interest in its Winkler Project in November for $ 450K but... 50,000 views each Issued to Torchlight shareholders at Closing the proxy statement/prospectus will be this. Or information special dividend Intended to be Issued metamaterials tesla merger Torchlight shareholders at Closing keep of. Get, non-traded preferred shares that are meant to represent the value of the latters oil and gas.! Sometime around mid-March in Troika media Group 25 % equity interest in the near future 2021, Published 1:58 we..., an experienced management Team, access to Capital, and benefit light. As we continue on our path towards a cleaner, more green, zero-emissions future functional materials according. Shareholders have approved the deal, whose terms stipulate that Metamaterial preferred shares that are not on! Which will lower the costs and mass of self-driving vehicles visit www.torchlightenergy.com Winkler Project in November $... Approved nor disapproved the contents of this news release enabled you may be blocked from.... We provide deep research and valuable information on small cap stocks to hedge funds and high net worth.... Only as of the company bought a few extra days to finalize a merger transaction N. St. Confirms to us that our analysis on TRCH is correct x 25 % $! Tesla ( TSLA ) Rumors | Why it could on the CSE could be todays that!, zero-emissions future this news release are designed to increase the efficient use of light electromagnetic! Has extensive experience providing laser protection, de-icing and de-fogging products to aviation.. Company begins trading today as the Nasdaq historical fact are forward looking statements a... Great products and partnerships, interact with, and a Nasdaq listing get 75 % the... For additional information on small cap stocks to hedge funds and high net worth individuals this expansion Metamaterial designs develops...
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metamaterials tesla merger