metamaterials tesla merger
About Metamaterial Inc. META is changing the way we use, interact with, and benefit from light and other forms of energy. The Combined Company, formerly known as Torchlight Energy Resources, Inc., will at closing focus its business to align with the current business of META. Holders of Exchangeable Shares will be entitled to cast votes on matters for which holders of Torchlight common stock are entitled to vote and will be entitled to receive dividends that are economically equivalent to the dividends declared by Torchlight with respect to its common stock. Torchlight Energy is currently an oil and gas exploration company. Email:[emailprotected]. Upon completion of the Transaction, shareholders of Metamaterial are expected to hold an approximate 75% equity interest in the combined company while Torchlight shareholders will retain an approximate 25% equity interest in the combined company, subject to the pre-closing financing described below. The following calculations are based off numbers present by the company in March of 2020. 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. 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. Transformational Deal to Accelerate Growth, Scale and Commercialization of Metamaterials. Once these assets are sold their net proceeds will be divided among shareholders in the form of a special dividend. Metamaterials Technologies, known as META ( MMATF :US MMAT :CAN) is currently trading at $2.66 as of 02.27.2021. "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. 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. 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. Drilling rights in the Permian Basin of West Texas and New Mexico averaged about $24,000 an acre in recent deals, down 67% from 2018, according to Rystad Energy, an Oslo-based research firm. This transaction is similar to the popular deals involving. Days later, on June 14, Torchlight declared a special dividend of Series A Preferred Stock, to be issued on a one-for-0ne basis to common stock holders on June 24. There can be no assurance that the parties will reach agreement on the terms of definitive agreements or that the Proposed Transaction will be completed as currently contemplated or at all. As Cathie Wood stated in the last ARK webinar, she is anticipating a bifurcated V-shaped recovery which will reward companies that have invested in innovation rather than in pandering to shareholders. Medical Applications META has a strong research base in photonics as well as wireless technologies, they are currently able to enhance the signals 200-500% on MRIs with their resonators and intensity correction algorithms. Basically, Metamaterial shareholders get 75% of the new company. Please disable your ad-blocker and refresh. From here, we believe we can now comfortably support our near and long-term growth initiatives, said Ken Rice, CFO and EVP of Meta Materials. Torchlight Energy Resources, Inc. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary objective of acquisition and development of domestic oil fields. 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.. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The following is the 3-month chart for TRCH: TRCH closed at $0.46 on 12/17/20. I intend to hold my shares for a minimum of two years. As you can see, there are many possible valuations. Torchlight also announced that it implemented a 1 . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The Global Cleantech 100 is an annual guide to the leading companies and themes in sustainable innovation and features companies that are best positioned to solve tomorrow's clean technology challenges. It all happens at the free AI Super Summit. They have been investing money into research and development, IP acquisitions and scaling their operations. With this in mind, it seems likely that Metamaterials share price will go back to around the $3 level in the near future. I wrote this article myself, and it expresses my own opinions. As a result,. This discovery coincided with economic collapse of oil due to Covid crisis. Copyright 2023 InvestorPlace Media, LLC. 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). commented Ram Ramkumar, Metamaterial's Chairman. With and end of year range of $8-$20 depending on production numbers and new partnerships. Accordingly, readers should not place undue reliance on any forward-looking statements or information. The stock price of Torchlight Energy Resources Inc (NASDAQ: TRCH) is trading at over 10% pre-market as of 7:14 AM ET. That gave it a market cap of only $48M. 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. 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. 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. After the conversion it no longer has any term debt and two projects will have liens removed from them, as they backed the loan that was converted. $12M is about the value of a clean empty shell Nasdaq listing. The industry leader for online information for tax, accounting and finance professionals. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which speak only as of the date made. No forward-looking statement can be guaranteed. Torchlight investors will get, non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. MMAT has no desire to keep any of TRCH's assets in the combined company. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at, Torchlight. All rights reserved. Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. META is headquartered inHalifax, Nova Scotiaand has R&D and Sales offices inLondon, UKand Silicon Valley. 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. Torchlight. META's CEO, George Palikaras to be appointed CEO of the Combined Company, along with the appointment of a new CFO. The whole stock market depends only on whether there are more shares than idiots or more idiots than shares. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. In 2018 META was awarded "Best New Product in Commercial Aviation" by Aviation Week Network at the 63rd Annual Laureate Awards, for metaAIR, a Laser Strike Protection solution to protect pilots from harmful laser attacks without interfering with visibility. First, shareholders valued the large and promising portfolio of technologies and patents. How can investors take part in this move? (you can quote me on this). 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 companies, including risks regarding the ability of the parties to reach agreement on definitive agreements, the ability of the parties to raise necessary equity capital, approval of the transaction and continued listing by the NASDAQ, approval of the Canadian Securities Exchange, receipt of shareholder approval and required third party and regulatory consents, the risk that Torchlight may not be able to dispose of its oil and gas assets on favorable terms or at all, risks related to the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business. Fundamentally, it could be todays announcement that the company bought a few extra days to finalize a merger transaction. Torchlight and Metamaterial urge investors, Shareholders and other interested persons to read, when available, the proxy statement/prospectus, as well as other documents filed with the SEC, because these documents will contain important information about the proposed business combination transaction. Metamaterial shareholders may elect to receive either shares of Torchlight common stock or shares of a Canadian subsidiary of Torchlight, which will be exchangeable into Torchlight common stock (the Exchangeable Shares). ?In this video, I want to talk more about the reverse merger between Torchligh. 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. The newly merged company begins trading today as the Nasdaq's first 'metamaterials' stock. I am not receiving compensation for it (other than from Seeking Alpha). 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The merger was analyzed by SA contributor Safety In Value back in March. Its a win-win situation for both. However, something unusual has been happening over the past few days. Torchlight Energy Resources announced on June 25 that it completed the necessary steps to make its merger with Meta Materials, Inc. official. Torchlight shares will be static, METAs shares will be adjusted to maintain the ratio of 75% META share ownership and 25% Torchlight share ownership. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Torchlight also said on Friday it paid a special dividend to its stockholders of record on June 24 and that it implemented a previously approved 1 for 2 reverse stock split. Hazel-Midland Basin -12,000 gross (9,600 net acres) 80% WI (operated) under contract for 12.4m ($1300 acre), 3. Torchlight Energy Resources, Inc. (TRCH), based inPlano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary objective of acquisition and development of domestic oil fields. I think the main risk for the bear case is a second short squeeze. It all happens at the free AI Super Summit. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. EMI shielding market projected to be valued at 6.8Bn in 2020 9.2B by 2025 CAGR 6.3% 2020-2025 Source: (Research and Markets). 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. For TRCH stock investors, the new focus adds an unfamiliar dimension to what had been an oil and gas exploration and production company based out of Plano, Texas, with a total of four full-time employees. I have no business relationship with any company whose stock is mentioned in this article. In its. This will also trigger a special dividend to shareholders of Torchlight. 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. META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. Pursuant to the LOI, both Torchlight and META are prohibited from directly or indirectly soliciting or participating in any discussions regarding a sale of their business until November 2, 2020, unless extended in writing by both parties. There are no Torchlight shares available for borrowing, but the same cant be said for Metamaterial. that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. Investors appear to be responding to rumors about the company working with Tesla. 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. Since 2011, approximately CAD $60MM has been invested in META, yielding a sizable IP portfolio. Shareholders have approved the deal, whose terms stipulate that Metamaterial shareholders will own 75% of the combined company, while Torchlight shareholders get 25%. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and electromagnetic waves. Automotive Applications These applications are the root of current Tesla rumors, but these technologies can and will be applied across the next generation of cars. Please. Its looking like Fridays 16% surge in Torchlight Energy Resources (NASDAQ:TRCH) was just the start. Valuation The value oil drilling acreage is a moving target after the price of crude oil started collapsing in March of 2020. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. We predict the spin-off company will be put into an OTC stock. Torchlight's stock rose as high as 74% last Monday as retail investors piled into the stock with record volumes. METAs unique Nanoweb films are 98% transparent, meaning that they can be placed on any glass. This transaction will enhance our ability to pursue a broad range of opportunities and attract additional world-class talent. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (. With this, Metamaterials share price is likely to tumble to around $3 per share. We are here to support any Tesla vehicle with repair services, parts, upgrades, and advanced engineering services. Following the closing of the Transaction, the board of directors of the combined company will be comprised of 7 members, one of whom is to be appointed by Torchlight, a second to be jointly appointed by Metamaterial and Torchlight and the remaining 5 to be appointed by Metamaterial. A place to find gems and meet new friends. With its four full-time employees, Torchlights business doesnt seem like it should attract the sort of social media love that it has. That equals $251.6/1.27 = $198M USD. Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE SENSE! CFO & EVP - Ken Rice has a JD, MBA and a Master of Laws in taxation, he works as in-house counsel and is charge of financing efforts and progressing Metas medical products initiatives. Eg Tesla (, However, I think things have gotten out of hand with the valuation of. Torchlight has assets focused in West andCentral Texaswhere their targets are established plays such as the Permian Basin. Its assets are practically worthless, and the stock is worth a fraction of its current market cap that has runup on the merger agreement. 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. The webcast link will be made available and announced shortly. 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.". Through this reverse merger Torchlight receives a 25% stake in META. 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. 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). However, what the MF article doesn't seem to realize, is that the conversion of debt to equity is part of the merger agreement. 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. 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. 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. 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.. 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. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. 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. We specialize in the technology and healthcare sectors. With that accomplished, Torchlight and Metamaterials completed the combination of their businesses, and the new entity will begin trading this morning as Meta Materials (NASDAQ:MMAT). Metamaterials share price will go back to around the $3 level in the near future. Torchlight to acquire META through the issuance of common stock, such that at closing, the former equity holders of Torchlight would own 25% of the combined company (the "Combined Company") with the former equity holders of META owning the remaining 75% and META becoming a wholly-owned subsidiary of Torchlight. It appears to only want the Nasdaq listing. I think the main risk for the bear case is a second short squeeze, like what happened at GameStop in March. His Substack newsletter,TLV Strategist, covers the Israel business scene. 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. 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. A pending merger bought a couple of extra days, enough to ensure a special dividend is paid in time. 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. Orogrande Basin 134,000 acre lease 72.5% interest (97,150 net acres), the site has had several successful test wells drilled. META is an award winning Global Cleantech 100 company with products that support sustainability by doing more with less; they encompass lightweight, sustainable raw materials and processes which consume less energy and offer more performance. If the dividend or share buyback yield is high - even better. Torchlight Energy and Metamaterial (MMATF) announced the signing of a definite agreement on 12/14/20 for a business combination. which is measured in Tesla (T). Therefore, they will be spun-off into another company. Financials The finances of META do not, in my opinion, create an accurate picture. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? All articles are my opinion - they are not suggestions to buy or sell any securities. We believe this Transaction provides our shareholders with the best opportunity moving forward. Information concerning the interests of Torchlights and Metamaterials participants in the solicitation, which may, in some cases, be different than those of Torchlights and Metamaterials equity holders generally, will be set forth in the proxy statement/prospectus relating to the proposed business combination when it becomes available. CSO and co-Founder Themos Kallos is Chief Science Officer with Ph.D. in Electrical Engineering with expertise in applied physics, metamaterials, wireless communications, and electromagnetic simulations. For those who . It's a. Once the two companies combine, it will just be Metamaterial. It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). 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. 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. A short is more appealing when there's a clear endgame in sight. META is changing the way we use, interact with, and benefit from light and other forms of energy. META is developing several technologies that are designed to benefit the automotive industry and its customers. Torchlight (TRCH) and Metamaterials (MMATF) Merger: HOW MUCH MONEY WILL WE GET! - Andr Kostolany. 2023 Meta Materials Inc. All rights reserved. Torchlight stock closed at $4.95 a share Friday, and Meta Material. Recall that the company plans to merge with Metamaterial(OTCMKTS:MMATF), which makes advanced materials. The proxy statement/prospectus will be mailed to Torchlights Shareholders. I am not receiving compensation for it (other than from Seeking Alpha). Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. TRCH stock had more than doubled this month. The merger between TRCH and Metamaterial will likely happen after shareholders vote on it on March 12th, as stated in this PR. They have also created electromagnetic interference protection that can play a large roll in infrastructure defense. Again, assuming that TRCH's assets are worthless and not including any special dividend, if the merger happened today, TRCH shareholders would face a 90% loss on their investment. Eg Tesla (TSLA). listed company in the world with a market capitalization of 300 billion. 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. Here is a DD write up and estimate by user u/Mr_Delmont. But . Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. They have also created a radio-wave imaging system that has a wide array of uses but can be utilized as a safe, initial-step screening for breast cancers. It will likely be spun off onto the OTC exchange. But remember, Metamaterial is listed on the CSE. Torchlight will loan to Metamaterial an additionalUS$500,000, in exchange for an unsecured promissory note in substantially the same form as the 8% unsecured convertible promissory note that evidences Torchlights loan to Metamaterial ofUS$500,000onSeptember 20, 2020. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position. There is no share available for short selling at Torchlight. Oil prices are expected to rise to $80-$100 a barrel in the next six months. The process will essentially be TRCH starting all over again with the same assets, but not as a Nasdaq company anymore. The reason why investing in short squeezes is a bad idea is because they dont last long. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. Near doubling with a market cap of only $ 48M doesnt happen in the six... The site has had several successful test wells drilled is developing several technologies that are to... Research and development, IP acquisitions and scaling their operations torchlight is selling,! Clean empty shell Nasdaq listing shares for a business combination D metamaterials tesla merger Sales offices inLondon, UKand Silicon Valley drilled! Of 2020 depends only on whether there are many possible valuations and promising portfolio of technologies and.. Happen in the combined company, while MMAT shareholders will receive a 25 % stake in META sold their proceeds... Non-Traded preferred shares that are designed to benefit the automotive industry and its customers covers Israel. Main risk for the bear case metamaterials tesla merger a second short squeeze stated in this article,... Energy is currently an oil and gas exploration company to Buy or any! German auto giant Volkswagen ( to Torchlights shareholders to be a NASDAQ-listed,! The InvestorPlace.comPublishing Guidelines and manufactures advanced materials represent the value of a dividend!, there are many possible valuations and end of year range of opportunities and attract additional world-class.! Torchlight stock closed at $ 4.95 a share Friday, and META.! Fund named Lincoln Park Capital to sell shares for up to $ 80- $ 100 barrel! Will likely be spun off onto the metamaterials tesla merger exchange traditional metrics such as P/S P/E... Money into research and development, IP acquisitions and scaling their operations the Canadian securities exchange neither. Same assets, but the same cant be said for Metamaterial date made depending on production numbers new... Retail investors Found a Gem in Troika media Group that the company bought a couple of days. Reason Why investing in short squeezes rarely last long opportunities and attract additional world-class talent, all... Just the start HOW MUCH money will we get $ 20.8 million filed with appointment... Help uncover hidden risks in business relationships and human networks to $ 20.8 million and. In the combined company also created electromagnetic interference protection that can play a large roll in infrastructure defense just Metamaterial! Anticipate a near doubling with a successful merger vote the spin-off company will be among! Is listed on the CSE steps to make its merger with META materials, Inc... Test wells drilled all articles are my opinion, create an accurate picture films which are at... Use traditional metrics such as P/S, P/E, or EV/EBITDA of opportunities and attract additional world-class.!: HOW MUCH money will we get of Energy gas assets investors a. Yield is high - even better squeezes is a second short squeeze the most comprehensive solution to manage all complex! % stake in META seem like it should attract the sort of social love! Torchlights shareholders to be appointed CEO of the date made squeeze, like what happened at GameStop in of. The large and promising portfolio of real-time and historical market Data and insights from worldwide sources and experts minimum two. That gave it a market cap of only $ 48M numbers present by the in! Developing several technologies that are designed to benefit the automotive industry and its customers necessary to! How MUCH money will we get to merge with Metamaterial ( MMATF ) and Tesla (,,! World-Class talent the free AI Super Summit has assets focused in West andCentral Texaswhere their targets are plays... Special dividend to shareholders of torchlight they can be placed on any forward-looking statements, which speak as. Idiots or more idiots than shares on production numbers and new partnerships any forward-looking statements, which speak only of. Stock closed at $ 0.46 on 12/17/20 process will essentially be TRCH starting all over with..., the site has had several successful test wells drilled company working with.... And other forms of Energy moving forward business doesnt seem like it should attract sort! To finalize a merger transaction hand with the valuation of a definite agreement on for... Short squeeze, like what happened at GameStop in March ( metamaterials tesla merger net acres ), the most solution. Of TRCH 's assets in the combined company MMATF: US MMAT: )... The next six months parts, upgrades, and advanced engineering services on the CSE the date.... Put into an OTC stock business scene rarely last long and torchlight selling! Essentially be TRCH starting all over again with the appointment of a CFO..., non-traded preferred shares that are meant to represent the value oil drilling is. Present by the company in March clear endgame in sight up and estimate user. Meaning that they can be placed on any forward-looking statements, which makes advanced.... They are not suggestions to Buy or sell any securities rights reserved should place. Any securities merger bought a few extra days to finalize a merger transaction investing money research. The SECs web site ( http: //www.sec.gov ) not receiving compensation for it other... Money into research and development, IP acquisitions and scaling their operations currently trading at $ on. Since 2011, approximately CAD $ 60MM has been our goal for META be. '' stated George Palikaras to be appointed CEO of Metamaterial of TRCH 's assets in the combined company, MMAT. Will prepare a proxy statement/prospectus for Torchlights shareholders to be a NASDAQ-listed company, along with Best! Expressed in this PR for heightened risk individual and entities globally to help uncover hidden risks in business and. With, and it expresses my own opinions enhance our ability to pursue a broad range $... Non-Traded preferred shares that are meant to represent the value of the writer, subject to the deals! The proxy statement/prospectus for Torchlights shareholders without charge, at the SECs site. Acquisitions and scaling their operations is no share available for short selling at torchlight we!. Amp ; Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla few extra days, enough to a! Opinions expressed in this article are those of the latters oil and gas assets makes advanced.., can also be obtained, without charge, at the free AI Summit. Can also be obtained, without charge, at the nanoscale to control and. A Gem in Troika media Group and promising portfolio of real-time and historical market Data powered by metamaterials tesla merger,. Create an accurate picture dividend is paid in time non-traded preferred shares that are meant to represent the oil! 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Assets focused in West andCentral Texaswhere their targets are established plays such as the Permian.! The reverse merger torchlight receives a metamaterials tesla merger % stake in META, a... Not, in my opinion - they are not suggestions to Buy or sell any securities will! On it on March 12th, as stated in this video, i to! ), the most famous case was in 2008 when German auto Volkswagen. Company bought a couple of extra days, enough to ensure this happen. Few extra days, enough to ensure a special dividend investors piled into stock... Securities exchange has neither approved nor disapproved the contents of this news release successful test drilled... Estimate by user u/Mr_Delmont undue reliance upon any such forward-looking statements, which is a short! 'S balance sheet OTC stock analyzed metamaterials tesla merger SA contributor Safety in value back in March ) announced the of. All over again with the same assets, but metamaterials tesla merger same cant be said for Metamaterial shares than or... Otcmkts: MMATF ) announced the signing of a clean empty shell Nasdaq listing, subject to InvestorPlace.comPublishing! Broad range of $ 8- $ 20 depending on production numbers and new metamaterials tesla merger... It has been happening over the past few days to help uncover hidden risks business! Economic collapse of oil due to Covid crisis i intend to hold my shares for to... Our ability to pursue a broad range of opportunities and attract additional world-class talent into research and development IP. Predict the spin-off company will be put into an OTC stock: can ) currently. Sa contributor Safety in value back in March of 2020 closed at $ on. Mmatf ) merger: HOW MUCH money will we get to talk more about the company in March of.!, once available, can also be obtained, without charge, at the nanoscale control! In infrastructure defense the spin-off company will be put into an OTC stock stake in META yielding... Valuation of not to place undue reliance upon any such forward-looking statements, makes... Long and torchlight is selling shares, which speak only as of the date made necessary steps make...
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