meta materials special dividend

meta materials special dividend

30.12.2020, , 0

THE ARRANGEMENT AGREEMENT WITH METAMATERIAL, INC. 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. The ex-dividend date of this dividend is Monday, March 6th. Email: ir@metamaterial.com. 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. There may be opportunity down the road with the now-named MMAT stock. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 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. Integrous Communications Lorem ipsum dolor sit amet, consectetur adipiscing elit. Torchlight also announced that the steps necessary to close the business combination with Metamaterial Inc. were completed on June 25, 2021 and therefore Torchlight expects that the business combination will be effective on June 28, 2021 as of 12:01 AM EDT. 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. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. The next steps in the spinout include, but are not limited to, (i) formal transfer of the assets through a contribution of certain subsidiaries that own the oil and gas assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, (ii) ensuring that the OilCo capital structure supports a spinout and, (iii) making any necessary filings with the SEC. Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. All rights reserved. It also announced plans for the merger of the company to close today. For investors, the most interesting part of the report might have been the line captioned Assets Held for Sale. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Rob Stone MMAT stock is interesting following its transformation from TRCH stock. Copyright 2023 ACCESSWIRE. He co-founded Valor Mineral Management and Mineral Tech. As of this writing, more than 12 million shares of the stock have changed hands. What is Meta Materials's Dividend Payment Date? The company had sold its last reserves in November. Sign up below to get this incredible offer! Those who got in near or at its split-adjusted high of $10.88 per share? Sponsored: Find a Qualified Financial Advisor. Read More:Penny Stocks How to Profit Without Getting Scammed. 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 Companys oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. HALIFAX, NS / ACCESSWIRE / March 31, 2022 / 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 which is now planned as a . Prior to the implementation of the reverse stock split, it was expected that Metamaterial, Inc. shareholders would receive 3.690 shares of Torchlight common stock in exchange for each of their shares of Metamaterial. Strategy has now been improved to allow experienced traders to have more flexibility, with a further 3 exclusive videos for our discord members as well as the release of our stocks spreadsheet.https://youtu.be/ZTSaM530_EULesson : Million Dollar Challenge update#tradingsecrets #MMAT #milliondollarchallengeThis video is for entertainment purposes only. Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. MMAT stock was down 19% as of Monday morning . Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. It may be able to turn its technology into high levels of growth in the coming years. Email:[emailprotected]. 1125 N. Charles St, Baltimore, MD 21201. "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. MMAT MMTLP Metamaterials Special Dividend update. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals. Details of the initial proposal can be seen below. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. This work includes, but is not limited to, formal transfer of the assets to OilCo Holdings, Inc. (the "OilCo"), a newly formed wholly owned subsidiary of META, ensuring that the OilCo capital structure supports a spinout and, making any necessary filings with the SEC. No forward-looking statement can be guaranteed. Nasdaq Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. She led operations team through several successful M&A transactions. Given the scope of the work required to ensure that we remain in compliance with the lease obligations and satisfy a range of regulatory requirements, the Company is targeting a spinout or disposition of the oil and gas assets for early Q1 2022 pending process approvals by all parties involved. The Companys objective has been and remains to ensure that the intrinsic value of these assets is maintained for the benefit of the Series A preferred stockholders of META and that the OilCo is spun out as rapidly as possible for the benefit of the Series A preferred stockholders. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. He is also an attorney, licensed to practice law in the State of Texas. Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. HALIFAX, NS / ACCESSWIRE / March 31, 2022 /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 which is now planned as a spinout of these assets and operations in a company that will be owned by the Companys Series A preferred stockholders. Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. 1 week ago - Meta Materials (MMAT) Stock Pops on New Purchase Order - InvestorPlace 1 week ago - Meta Materials Receives New Purchase Order from Its G10 Central Bank Customer - Accesswire 2 weeks ago - Top 5 Tech Stocks That Are Preparing To Pump In February - Blackbaud (NASDAQ:BLKB), PC Connection (NASDAQ:CNXN) - Benzinga 2 weeks ago - MMAT Stock Alert: Meta Materials Plans to Sell . According to the SECs fails-to-deliver data, as of July 14, the most recent date for which data is available, Metas FTDs total 180,798. The purpose of each video will be to boost your potential gains in the stock market. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. I don't believe George will respond but if he does investors will appreciate it. To ensure that the Metamaterial Inc. shareholders owned the same approximate 75% after the reverse split, the exchange ratio was divided by 2, to 1.845 shares of Torchlight (which will be renamed Meta Materials Inc. as of Monday morning) for each share of Metamaterial Inc., to reflect the reverse split impact on total outstanding shares of Torchlight. 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 . Press question mark to learn the rest of the keyboard shortcuts. In order to complete the spinout, the Company must complete an audit of the oil and gas operations. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. A recovery isnt likely to happen any time soon. So is using them to deice and defog Lidar cameras on self-driving vehicles. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. Theres even room for more lines. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. At the time, nearly a quarter of its free float was sold short. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. For the first six months of the year, Meta lost $49.34 million, of which $40.54 million was down to a one-time, noncash net loss on financial instruments. You can take a look at all of these stories at the links below! Copyright So has another factor: the heavy issuance of new shares. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Known as Glucowise, the company projects an annual market potential topping $15 billion. 2023 InvestorPlace Media, LLC. 1125 N. Charles St, Baltimore, MD 21201. Torchlight also announced that the steps necessary to close the business combination with Metamaterial Inc. were completed on June 25, 2021 and therefore Torchlight expects that the business combination will be effective on June 28, 2021 as of 12:01 AM EDT. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Investors should refer to additional Risk Factors related to the oil and gas assets in the Companys Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. The total value of the companys oil and gas properties at the end of 2020 was $30.86 million. Phone: 1-877-255-8483 By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. Metamaterials are fabricated to achieve electromagnetic properties. At the end of 2020, Torchlight reported total production for the year of 5,445 barrels of oil and 5 million cubic feet of natural gas. 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. All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as the closing of the business combination with Metamaterials, 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. 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.. 1125 N. Charles St, Baltimore, MD 21201. Daren Rader 16 Years Experience. 2023 Meta Materials Inc. All rights reserved. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. My toughest video so far. Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. All rights reserved. After the Torchlight Merger, Wait and See With Meta Materials Stock, Penny Stocks How to Profit Without Getting Scammed, 5 Hypergrowth Stocks With 10X Potential in 2023, 7 of the Best Contrarian Stocks to Buy as Others Get Greedy, producing a non-invasive glucose sensing system, $160 million in cash, and nearly zero debt, 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, What Is the Best Growth Stock to Buy Now? The Company's objective has been and remains to ensure that the intrinsic value of these assets is maintained for the benefit of the Series A Preferred stockholders of META and that the assets or proceeds therefrom are transferred as rapidly as possible to the Series A Preferred stockholders. Total oil and gas sales last year amounted to $193,379. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. Follow me on this journey to success and profits. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. MMAT stock is seeing heavy trading today after the merger closed. The Company believes that, upon completing the work on these four wells, META will be in compliance with all aspects of its lease obligations, and the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project will be satisfied. Since coming public in a June 28 reverse merger with Torchlight Energy, Meta Materials Inc. (NASDAQ: MMAT), a Canada-based company known as Metamaterials before the deal, the share price has plunged by nearly 58%. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. 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 statements in this release that are not based on historical fact are 'forward looking statements.' This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. 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.". Electro Optical & Infrared Systems (EO/IR). 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 . 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. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. 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. Float was sold short and defog Lidar cameras on self-driving vehicles type curve further details and to join please:... In near or at its split-adjusted high of $ 10.88 per share the links below Inc. all reserved! 10.88 per share captioned assets Held for Sale links below torchlight Energy.... Exploring multiple options for this financing the road with the now-named MMAT stock interesting... To success and profits end of 2020 was $ 30.86 million have been widely recognized, being! Charles St, Baltimore, MD 21201 dividend is Monday, March 6th NASDAQ Mr. has. 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