So has another factor: the heavy issuance of new shares. 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. Details of the initial proposal can be seen below. Copyright 2023 InvestorPlace Media, LLC. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Friday, February 24th. We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. MMAT MMTLP Metamaterials Special Dividend update. So is using them to deice and defog Lidar cameras on self-driving vehicles. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. Phone: 1-877-255-8483 Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. There may be opportunity down the road with the now-named MMAT stock. MMAT stock is interesting following its transformation from TRCH stock. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . All rights reserved. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and would like some of their concerns addressed. Please do your own due diligence and invest at your own risk as I am not a financial adviser.Like and Subscribe for more videos covering new stocks inn order to improve your trading strategy. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. With the completion of work on four wells in December 2021, the Company believes that META remains in compliance with all aspects of its lease obligations, including its obligations pertaining to the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project. Press question mark to learn the rest of the keyboard shortcuts. medium length hairstyles for thick hair male. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. Accordingly, readers should not place undue reliance on any forward-looking statements or information. MMAT stock is seeing heavy trading today after the merger closed. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. quotes delayed at least 15 minutes, all others at least 20 minutes. The company also reported long-term lease liabilities of $1.15 million. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". 5 Investors Still Betting Big on Novavax (NVAX) Stock. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. Email: ir@metamaterial.com. What is Meta Materials's Dividend Payment Date? 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. Sign up below to get this incredible offer! The ex-dividend date of this dividend is Friday, March 3rd. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. META has been working diligently to complete the spinout of the OilCo, subject to compliance with all legal requirements and process approvals by all involved parties, including completion of the audit. HALIFAX, NS / ACCESSWIRE / December 3, 2021 /Meta Materials Inc. (the Company or META) (NASDAQ:MMAT, FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned sale or spinout of these assets for the benefit of the Series A preferred stockholders. This exchange ratio was planned to result in the Metamaterial Inc. shareholders owning approximately 75% of the resulting post-merger company, Meta Materials Inc, subject to financings prior to the closing of the business combination. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. 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. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including, but not limited to, the ability of the Company's management to focus on the disposition or spinout of the oil and gas assets, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company , the market position of the Company, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business not related to the oil and gas assets. 2023 InvestorPlace Media, LLC. Until we see further progress with its big plans, its best to stay away. In the prior quarter, the company reported a net loss per share of $0.01 on 155.9 million shares. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. Over the past month, its fallen from around $10 to less than $4 per share. 36 votes, 18 comments. More details about these and other risks that may impact the Companys businesses are described under the heading Forward-Looking Information and under the heading Risk Factors in the Companys Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2, in the Companys Form 10-Q filed with the SEC on November 15, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SECs website at www.sec.gov. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. 5 BIG Questions for George. All rights reserved. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterdays aggregate fails. For investors, the most interesting part of the report might have been the line captioned Assets Held for Sale. Plus 3 Stocks for March.It would be very much appreciate. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Meta Materials Inc. Mark Komonoski Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Opera.. Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalm.. Meta Materials Inc. : Other Events, Financial Statements and Exhibits (form 8-K). 2023 Meta Materials Inc. All rights reserved. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. 5G reception enhancement is one such possible use. -, Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Operations, Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalmics (Form 8-K). Our 3 Top Picks, Stay Away From LCID Stock Before Tesla Kills It. Although the Company 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. 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. MMAT stock was down 19% as of Monday morning. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. 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. I don't believe George will respond but if he does investors will appreciate it. MMAT News. Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. HALIFAX, NS / ACCESSWIRE / December 3, 2021 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT, FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned sale or spinout of these assets for the benefit of the Series A preferred stockholders. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Copyright -, Wall Street Set to Open Lower as Inflation Data Concerns Investors, Meta Materials Wins New Purchase Order From G10 Central Bank Customer, Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Optic Technology, KolourOptik, https://www.accesswire.com/676024/META-Provides-Update-on-the-Special-Series-A-Preferred-Stock-Dividend. Learn more atwww.metamaterial.com. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. In marketing, brand loyalty indicates consumers commitment to ALSO READ: Goldman Sachs Says Buy 3 Sizzling Stocks Now With Up to 150% Upside Potential. For now? The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. With many applications for its technology, the company has big opportunities across many sectors. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Investors looking for more hot stock news today should keep reading! Welcome to the original "Meta-Verse", r/MMAT, a place where Meta Materials Inc In Metas shareholder letter, Palikaras said the company had hired a consultant to help determine the best path to maximize value for the holders of the preferred shares. All rights reserved. If Meta Materials is pricey now, whats a reasonable valuation? As you likely know, last month saw a mad dash into heavily shorted stocks, as retail traders tried to get in early on the next AMC Entertainment (NYSE:AMC) or GameStop (NYSE:GME). If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.comswriters disclose this fact and warn readers of the risks. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Heres what the data means, according to the SEC: Fails to deliver on a given day are a cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day. It also announced plans for the merger of the company to close today. Theres plenty here that could excite investors once again. RISK FACTORS . Delayed Nasdaq Accordingly, readers should not place undue reliance on any forward-looking statements or information. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. You can take a look at all of these stories at the links below! No, MMAT has not paid a dividend within the past 12 months. As one Seeking Alpha contributor detailed near the peak of the squeeze, the former TRCH stock struck while the iron was hot, launching a dilutive secondary offering. Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. This points to the stock having plenty of room to fall before its no longer overvalued. It all happens at the free AI Super Summit. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. I have over 20 years experience as a lecturer in business, accounting, economics and law. Existing areas of focus include 5G, self-driving cars and solar energy. 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 . As of this writing, more than 12 million shares of the stock have changed hands. But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. Theres even room for more lines. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Senior Vice President Although the Company 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. Total oil and gas sales last year amounted to $193,379. 'I would like to take this opportunity to thank all of Torchlight's shareholders, its Board and the team at Metamaterial Inc. for their long time support, enthusiasm and efforts in making this merger a success,' commented John Brda, Torchlight's Chief Executive Officer. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and wou. Heres everything investors interested in MMAT stock need to know after the merger. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. This is my toughest video so far and am aware that not all investors will agree with the questions but I think it is important to present them. 495 members in the Oilco_Holdings community. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. End-of-day quote Nasdaq We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. Integrous Communications ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. The company dealt with oil and gas exploration and production. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. 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, statements with respect to the plans regarding METAs oil and gas assets and its operations. Meta Materials : ARfusion - Solving the Challenges of Fashionable, Functional AR .. Meta Materials : Joins Stanford University SystemX Alliance Affiliates Program, Meta Materials : to Present at Access to Giving Virtual Investor Conference on July 15th, Meta Materials : to Hold Corporate Update Webcast at 1 PM EDT Today. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. It may be able to turn its technology into high levels of growth in the coming years. 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. Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. MMAT stock is seeing heavy trading today after the merger closed. 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. 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. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. Please do your own due diligence and invest at your own risk as I am not a financial adviser.Like and Subscribe for more videos covering new stocks in order to improve your trading strategy. History; The Team; Investment; Label Solutions This debt is secured in part by Greg McCabe, former Chairman of Torchlight Energy Resources, and a holder of a plurality of the shares of the Series A Preferred Stock. Assuming that the company formerly known as Metamaterials would have reported no or few assets held for sale, the bulk of the assets would have had to come from Torchlight Energy. 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. Home; Our CV. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Learn more atwww.metamaterial.com. About Meta Materials Inc. (NASDAQ: MMAT) META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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. The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Those who got in near or at its split-adjusted high of $10.88 per share? No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law. "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. News that the deal was at a close came on Friday from Torchlight Energy Resources. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. Hold off, as its sell-off is likely far from over. But today, its still trading at inflated prices and has plenty more room to fall. 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. Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. 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. 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. Although the Company 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. It looks like you aren't allowed to do that. 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. 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. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. You will get early access to the daily stock alerts and also the weekly watchlist. There are 3 levels to choose from starting at just $9 per month. 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. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. Not only that, the special dividend paid out before the deal close represents a $77.9 million preferred stock claim on its shareholder equity. 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. For additional information on Torchlight, please visit www.torchlightenergy.com. 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. This has driven much of this stocks post-merger decline. If you're new to stock investing, here's how to buy Meta Materials stock. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials.
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