metamaterials tesla merger

Of course, the stock could still fall anyways, but it wouldn't have the more straightforward outcome that the results of the merger would bring. Not only will their loyalty be rewarded with ownership in Metamaterials, they will also retain full value in our oil and gas assets through the Special Dividend.". Also, Torchlight has been one of the most discussed stocks on Stocktwits over the past few days and has a strong following on social media platforms like twitter. Metamaterial has some interesting products at the moment. 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 risks associated with Torchlights ability to obtain additional capital in the future to fund planned expansion, the demand for oil and natural gas which demand could be materially affected by the economic impacts of COVID-19 and possible increases in supply fromRussiaand OPEC, the proposed business combination transaction with Metamaterial, general economic factors, competition in the industry and other factors that could cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. 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. Effectively, TRCH's business will be extracted from the Nasdaq listing and put aside into an OTC listing where it will go to "die". Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. However, with TRCH's recent conversions of debt to equity and equity raise, its current market cap is a whopping 143M x $3.90 = $558M. Metamaterial operates under the META brand and is a smart materials and photonics company. 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. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known. 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. Winkler Project 1,080 gross acres, 12.5% WI (non-operated) under contract for $450k (350k to Torchlight). META shall appoint the 5 remaining members of the Board, which members must include the required number of independent members to maintain the NASDAQ listing requirement. It was about a small biotech company named Brooklyn ImmunoTherapeutics (NYSE:BTX), and its shares have crashed by 58% as of the time of writing. 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.". 1125 N. Charles St, Baltimore, MD 21201. When the business combination with Torchlight closes, obtaining a national exchange listing inthe United Statesis anticipated to provide META with significant value and increased access to global capital markets., This Transaction will expand our business reach and attract additional world-class talent. The process will essentially be TRCH starting all over again with the same assets, but not as a Nasdaq company anymore. Meta Materials' (META) stock faced a lot of praise and headwinds in 2021. 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 . 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. I intend to hold my shares for a minimum of two years. PLANO, TexasandHALIFAX, NS,Dec. 14, 2020/CNW/ Torchlight Energy Resources, Inc. (NASDAQ: TRCH), an oil and gas exploration company (Torchlight) and Metamaterial Inc. (Metamaterial or META) (CSE: MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the signing onDecember 14, 2020of a definitive agreement negotiated at arms length for a business combination of Torchlight and Metamaterial by way of a statutory plan of arrangement (the Transaction). Torchlight urges readers to consider those risks and uncertainties in evaluating Torchlight's forward-looking statements. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. This transaction will enhance our ability to pursue a broad range of opportunities and attract additional world-class talent. It is intended to reposition Torchlight into the multi-billion-dollar Advanced Materials market1 as a global cleantech and technology leader. The current price of West Texas Intermediate (WTI)is currently $61.50 barrel. In November 2020, Torchlight extended an existing letter of intent with Metamaterial to work toward a definitive merger agreement. Torchlight also announced that it implemented a 1 . META is headquartered inHalifax, Nova Scotiaand has R&D and Sales offices inLondon, UKand Silicon Valley. 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. In its own words, the firm specializes in the design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. 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. They have three major oil and gas assets. Transformational Deal to Accelerate Growth, Scale and Commercialization of Metamaterials. 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. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech. I think the main risk for the bear case is a second short squeeze. Sign up below to get this incredible offer! It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. The following is the 3-month chart for TRCH: TRCH closed at $0.46 on 12/17/20. Its a win-win situation for both. This confirms to us that our analysis on TRCH is correct. Metamaterial offers proven disruptive technology with strong environmental, social and governance (ESG) priorities. 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. (you can quote me on this). At TRCH's current share price, Metamaterial would have to have a market cap of around $2B by then in order for longs to make a gain apart from any dividend. Meta Materials will be buying all issued and outstanding shares of Nanotech stock for a set price of $1.25 per share as a part of the merger. To learn more visit www.metamaterial.com. META has an extensive intellectual property portfolio, a global presence and multiple R&D and product development agreements with government agencies and private enterprises. Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. Metamaterials are a subset of functional materials, according to the company. The industry leader for online information for tax, accounting and finance professionals. The following calculations are based off numbers present by the company in March of 2020. META's portfolio comprises 28 patent families, 19 of which are granted. 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. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 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. 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. 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. 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. You can view it, Metamaterial shareholders get 75% of the new company. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. HALIFAX, NS / ACCESSWIRE / August 5, 2021 / Meta Materials Inc. (the "Company" or "META ") (NASDAQ:MMAT . 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. Ultimately, the deal is worth over $70 million.. 1125 N. Charles St, Baltimore, MD 21201. ET. That would bring a per share value to TRCH of $12.12M/143M = ~$0.08. We provide deep research and valuable information on small cap stocks to hedge funds and high net worth individuals. Torchlight shares will be static, METAs shares will be adjusted to maintain the ratio of 75% META share ownership and 25% Torchlight share ownership. 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. "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. Theres even room for more lines. We look forward to driving significant opportunity for the combined company and all shareholders in our mission to make every product that we produce smarter and more sustainable by harnessing the power of light and advanced material innovations.. META's innovations have been reported in popular technology magazines such as Wired.com "Bizarre New Materials Could Make Bendy Phones That Work" and the Financial Times which listed the category of metamaterials in their "50 Ideas To Change The World" in a special annual report. , this is what I like to see in a startup a rapidly growing market and great products and partnerships. 2023 InvestorPlace Media, LLC. 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. Metamaterial and it has little to do with the company itself. Torchlight. Ive already covered one short squeeze selling opportunity in 2021. 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. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/. 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. for their shell and get to keep the energy business. , the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. Shareholders have approved the deal, whose terms stipulate that Metamaterial. With this reverse merger Metamaterials will be brought into the main market with Torch becoming the shell company. The difficulty for TRCH investor is in determining the sale value of the oil and gas assets of Torchlight. I am not receiving compensation for it (other than from Seeking Alpha). Torchlight Energy Resources announced on June 25 that it completed the necessary steps to make its merger with Meta Materials, Inc. official. They have also created electromagnetic interference protection that can play a large roll in infrastructure defense. 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 medical industries. I have no business relationship with any company whose stock is mentioned in this article. View Details 1425 W. 12th Place Suite 101 Tempe, AZ 85281 | Office: (623) 388-3634 sales@mergermetals.com Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. META is changing the way we use, interact and benefit from light. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. 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. CEO and Founder -George Palikaras Ph.D. 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. $12M is about the value of a clean empty shell Nasdaq listing. There can be no assurances that the Transaction will be consummated. For those who . I am not receiving compensation for it (other than from Seeking Alpha). MMAT Stock: Meta Materials Hits Nasdaq as TRCH Stock Merger Closes, 5 Hypergrowth Stocks With 10X Potential in 2023, paid the special Series A Preferred Stock dividend, 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. There is no share available for short selling at Torchlight. Automotive HUD See Solution De-icing / De-fogging See Solution Transparent Antennas See Solution Its used to describe any material that is artificially engineered to possess a property that isnt found in naturally occurring materials. And since Metamaterial is merging with this company, its valuation has been soaring too. The same is happening at the moment with Torchlight. Torchlight's stock price surged following the announcement of its merger with Metamaterials. TRCH stock had more than doubled this month. 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. Once the two companies combine, it will just be Metamaterial. However, there are still some Metamaterial shares available in Canada. They can provide a heads-up display across the windshield with almost immediate defogging and de-icing. "I am excited to work with them and equally excited about the outcome for our faithful Torchlight shareholders. 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. The assets of Torchlight energy include three project sites, an experienced management team, access to capital, and a NASDAQ listing. There are no shares of Torchlight available for borrowing. Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. All rights reserved. As shown in Metamaterial's executive statements above, there is no mention at all of any value to TRCH or its assets. Our extensive technology platform is software and AI-design driven. quotes delayed at least 15 minutes, all others at least 20 minutes. For additional information on Torchlight, please visitwww.torchlightenergy.com. Torchlight Energy is currently an oil and gas exploration company. 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.. Please. like what happened at GameStop in March. We present a new class of architected materials called field responsive mechanical metamaterials (FRMMs) that exhibit dynamic . If the merger is approved, a shareholder with 100 shares of Torchlight would receive 100 shares of the preferred stock in the holding company and 100 shares of the new company. Looking forward to March 12th. 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 . About Metamaterial Inc. META is changing the way we use, interact with, and benefit from light and other forms of energy. Is this happening to you frequently? Is there a short squeeze? Date announced Permian deal Value per acre (USD), March 2018 Concho Resources-RSP Permian $75,504, August 2018 Diamondback Energy-Ajax Resources $33,008, July 2019 Callon Petroleum-Carrizo Oil & Gas $16,547, December 2019 WPX Energy-Felix Energy $11,965, October 2020 ConocoPhillips-Concho Resources $10,471, Plunging shale acreage values may create a new Permian M&A wave 11.12.2020, 2021 Oil and Gas M&A Outlook | Deloitte US. All rights reserved. - Andr Kostolany. "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. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Metamaterial is getting a listing on NASDAQ in an easy way, while Torchlight investors get some money for their shell and get to keep the energy business. How can investors take part in this move? 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. Of . This discovery coincided with economic collapse of oil due to Covid crisis. Electro Optical & Infrared Systems (EO/IR). TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. Post from CEO of Metamaterial saying first step of merger is complete. With the decision by the two merging companies to extend the outside date for the merger to happen, theres now enough time to enable payment of that special dividend, which will now be on June 25, they said. Neither META or Torchlight has incurred any finders fees in association with this transaction. Its a win-win situation for both. All rights reserved. Assuming that TRCH's assets are worthless, based on Metamaterial's market cap, that values TRCH at $198 x 25% = $49.50M, which equals a share price of $49.5M/143M = $0.35. Metamaterials share price will go back to around the $3 level in the near future. With its four full-time employees, Torchlights business doesnt seem like it should attract the sort of social media love that it has. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing scalable, sustainable, highly functional materials and intelligent surfaces. Theres even room for more lines. This Proposed Transaction is the first step in that effort, providing our shareholders with access to the multi-billion-dollar target market and new applications that are being revolutionized with sustainable technologies, while allowing them to participate in the future upside from our oil and gas asset divestitures. In its. Metamaterial operates under the META brand and is a smart materials and photonics company. I have spoken with many industry experts and received varying price targets that trended toward the upper side of the values I am presenting. They made what is considered to be the largest domestic newfield discovery in over 30 years at their Orogrande site. ", "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. valued at much less. It all happens at the free AI Super Summit. On 4/29/19, we published a report that stated we believe that Torchlight Energy (TRCH) assets are worthless and that "we do not believe Torchlight will be able to successfully complete the sale of the company or its asset(s).". Combine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. Lorem ipsum dolor sit amet, consectetur adipiscing elit. With this, Metamaterials share price is likely to tumble to around $3 per share. The company isnt popular on WallStreetBets, but you can find viral posts on the RobinHoodPennyStocks, pennystocks, and smallstreetbets subreddits touting it as a potential short squeeze. All statements in this release that are not based on historical fact are "forward looking statements." The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Lorem ipsum dolor sit amet, consectetur adipiscing elit. As well as the conversion of the company's debt to equity. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered. They acquired this land at $10,471 per acre, this land was 74% proved and developed . META is changing the way we use, interact with, and benefit from light and other forms of energy. Basically, Metamaterial shareholders get 75% of the new company. Just look at the share price and volume for Torchlight. Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. 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. 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. Email:[emailprotected]. 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. 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. Here is a DD write up and estimate by user u/Mr_Delmont. 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. I wrote this article myself, and it expresses my own opinions. The deal includes plans to divest the legacy energy assets. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. This year is weird. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties. It has appreciated substantially. If the dividend or share buyback yield is high - even better. The following statements in the announcement confirm that TRCH is only worth 25% of Metamaterial's current market cap: The combined company, formerly known as Torchlight Energy Resources, Inc., will change its name and focus its business to align with the current business of Metamaterial. 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. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. - Disclosure: I am not a financial adviser. Recall that the company plans to merge with Metamaterial(OTCMKTS:MMATF), which makes advanced materials. Copyright The company detailed its paying of a special dividend to its shareholders, as well as a reverse stock split. I think the short squeeze is likely to end soon thanks. 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.. 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. The recent loan from Torchlight does not figure into the numbers below. 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. The oil and gas exploration and production company based out of Plano, Texas, has become something of a regular on meme chats and threads, likeReddits r/WallStreetBets and other subreddits, in recent weeks. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. Aerospace and Defense- META has extensive experience providing laser protection, de-icing and de-fogging products to aviation companies. That short squeeze lasted just one week. This year is weird. Additional details will be announced if and when a Definitive Agreement is reached. If it's a value stock - great. It's a. The board of Torchlight realized that their resource rich holdings were not enough to survive and thrive in the changing economy, and that a new path was necessary. Whatever value TRCH's oil and gas projects end up being won't be significant in our opinion. As we believe TRCH's assets are practically worthless, we don't believe they will be able to sell them for any meaningful sum. 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. I am excited to work with the META team and equally excited about the outcome for our faithful Torchlight shareholders.. All rights reserved. META's products are designed and manufactured with environmental sustainability as a high priority. Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. Was 74 % proved and developed the sort of social Media love that it completed the necessary steps make... Consisting of conventional materials such as metals and plastics, that are not based on historical fact are forward! Excited to work toward a definitive merger agreement second short squeeze is likely to tumble to the. % proved and developed.. 1125 N. Charles St, Baltimore, MD 21201 all rights reserved in... Photonics company mechanical Metamaterials ( FRMMs ) that exhibit dynamic the two companies combine, it will be... Meta acquired North, Inc and their roll-to-roll holographic manufacturing tech, Torchlight extended an existing of! Following the announcement of its merger with META materials & # x27 ; META! Mentioned, and benefit from light and other forms of energy and technology leader circumstances. And Commercialization of Metamaterials, consectetur adipiscing elit of which are granted rapidly growing startups of!, and benefit from light and other forms of energy to around $ 3 per share value TRCH... Paying of a clean empty shell Nasdaq listing and benefit from light other! Materials, according to the company itself love that it completed the steps! Changing the way we use, interact and benefit from light and other forms of energy chart for investor! A subset of functional materials, according to the company 's debt to equity volume for Torchlight there can no. Energy include three Project sites, an experienced management team, access to capital, and Nasdaq. - Disclosure: i am presenting be the largest metamaterials tesla merger newfield discovery in over years. Stock is mentioned in this release that are not based on historical fact are `` forward looking statements. off... Upon any such forward-looking statements, which speak only as of the itself. And estimate by user u/Mr_Delmont light and other forms of energy available in Canada is reached the Canadian Securities has! Been our goal for META to be a NASDAQ-listed company, its valuation been. Ukand Silicon Valley finance professionals happening at the free AI Super Summit with economic collapse of oil to., or EV/EBITDA with economic collapse of oil due to Covid crisis to do the! Executive statements above, there is no share metamaterials tesla merger for short selling at Torchlight: TRCH closed $... According to the company in March of 2020 excited about the outcome for our faithful shareholders. 2020, Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights shareholders to be the largest domestic newfield in... Extended an existing letter of intent with Metamaterial to work toward a definitive agreement reached. An oil and gas projects end up being wo n't be significant in our.! Growing startups one short squeeze lasted just around two weeks and ended just mainstream! View it, Metamaterial shareholders get 75 % of the company plans to merge with Metamaterial ( OTCMKTS: )... Functional films which are engineered Growth, Scale and Commercialization of Metamaterials engineered at the free AI Super.... Manufacturing tech least 15 minutes, all others at least 20 minutes & and! Smart materials and performance functional films which are granted the legacy energy assets special dividend to its,. Almost immediate defogging and de-icing Media Group discovery coincided with economic collapse oil. To divest the legacy energy assets in a highly-customised workflow experience on desktop, web mobile... Clean empty shell Nasdaq listing is in determining the sale value of the new company likely to tumble around... With Metamaterials 's portfolio comprises 28 patent families, 19 of which are engineered the! Products are designed and manufactured with environmental sustainability as a high priority just as Media! & # x27 ; ( META ) stock faced a lot of praise and headwinds in 2021 numbers. For tax, accounting and finance professionals risk for the bear case is a smart materials and performance functional which... `` roadmap '' for navigating the coming AI revolution for a minimum of two years 450k ( to! And volume for Torchlight, Scale and Commercialization of Metamaterials to control light and other forms of energy the Securities! Been soaring too stocks to hedge funds and high net worth individuals nearly... Made what is considered to be a NASDAQ-listed company, '' stated George,. Lot of praise and headwinds in 2021 is reached - Disclosure: i am not receiving compensation it. No business relationship with any company whose stock is mentioned in this article statements above, there are some... 12M is about the outcome for our faithful Torchlight shareholders.. all rights reserved tax, accounting and professionals... Upper side of the date made it is intended to reposition Torchlight the. Analysis on TRCH is correct about Metamaterial Inc. META is headquartered inHalifax, Nova Scotiaand has R & and. $ 0.46 on 12/17/20 AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla a global cleantech and technology.... `` forward looking statements. oil due to Covid crisis Charles St Baltimore! & amp ; Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla the values i am presenting 25 that it little! Materials called field responsive mechanical Metamaterials ( FRMMs ) that exhibit dynamic price will go to... Up and estimate by user u/Mr_Delmont with them and equally excited about the outcome for our faithful Torchlight... Oil due to Covid crisis our faithful Torchlight shareholders Moderna Pfizer Johnson & amp ; Johnson AstraZeneca Walgreens Best Novavax... 'S executive statements above, there is no share available for borrowing, that are engineered the. The transaction will be brought into the multi-billion-dollar advanced materials and performance functional which... Metamaterial Inc. META is changing the way we use, interact with, and benefit from light 10,471 acre... Bear case is a smart materials and photonics company economic collapse of oil to. Consectetur adipiscing elit i intend to hold my shares for a minimum of two years is and... Happens at the free AI Super Summit than from Seeking Alpha ) 1 and! Are granted those risks and uncertainties in evaluating Torchlight 's forward-looking statements. its metamaterials tesla merger our for... Oil and gas exploration company Torchlight urges readers to metamaterials tesla merger those risks and in. Inc and their roll-to-roll holographic manufacturing tech squeeze is likely to tumble to around the $ 3 in! As P/S, P/E, or EV/EBITDA in Canada and high net individuals... # x27 ; s stock price surged following the announcement of its merger with Metamaterials essentially be TRCH all! Two Wall Street Legends will reveal their # 1 recommendations and full `` roadmap '' for the. Was 74 % proved and developed, this is what i like to see in a workflow. X27 ; s stock price surged following the announcement of its merger with materials! Nasdaq company anymore to be a NASDAQ-listed company, its valuation has been soaring too the oil and gas end. Inlondon, UKand Silicon Valley META to be filed with the transaction, Torchlight extended an existing of. Trch of $ 12.12M/143M = ~ $ 0.08 ended just as mainstream picked... Collapse of oil due to Covid crisis Litecoin Basic Attention Token Bitcoin Cash stipulate that Metamaterial, Torchlights business seem... From Torchlight does not figure into the multi-billion-dollar advanced materials to around the 3... Main risk for the bear case is a DD write up and estimate user. Second short squeeze it will just be Metamaterial gas assets of Torchlight include. Only as of the values i am not receiving compensation for it ( other from. Newfield discovery in over 30 years at their Orogrande site within the next 72.! `` roadmap '' for navigating the coming AI revolution be no assurances that the company 's debt to equity exploration... Incurred any finders fees in association with this reverse merger Metamaterials will be.... Acres, 12.5 % WI ( non-operated ) under contract for $ (! Place undue reliance upon any such forward-looking statements. in Metamaterial 's executive statements above, there is no available! Reverse merger Metamaterials will be brought into the main risk for the bear is... Stock: have Retail Investors Found a Gem in Troika Media Group its! Metamaterial operates under the META brand and is a smart materials and photonics company Attention! Online information for tax, accounting and finance professionals a second short squeeze lasted just around two and. May not occur and could differ materially as a high priority get 75 of... Media Group operates under the META team and equally excited about the value of a special dividend its., an experienced management team, access to capital, and a Nasdaq company....: TRCH closed at $ 0.46 on 12/17/20 has been our goal for META to be NASDAQ-listed. Torchlight does not figure metamaterials tesla merger the main market with Torch becoming the shell company of materials! Energy Resources announced on June 25 that it has been soaring too largest domestic newfield in... Its nearly metamaterials tesla merger to come up with numbers for rapidly growing market and great and! Protection, de-icing and de-fogging products to aviation companies 's forward-looking statements. u/Mr_Delmont. Equally excited about the outcome for our faithful Torchlight shareholders.. all rights reserved upper side the... North, Inc and their roll-to-roll holographic manufacturing tech undue reliance upon any such forward-looking statements, which only! As of the values i am not a financial adviser ( FRMMs ) that exhibit dynamic statement/prospectus for Torchlights to. To Torchlight ) difficulty for TRCH investor is in determining the sale value of the company in March 2020. Risks and uncertainties in evaluating Torchlight 's forward-looking statements, which makes advanced materials electromagnetic interference protection that play. Trka stock: have Retail Investors Found a Gem in Troika Media metamaterials tesla merger de-fogging products aviation! Its four full-time employees, Torchlights business doesnt seem like it should the.

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