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After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? Copyright 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. In marketing, brand loyalty indicates consumers commitment to ALSO READ: Goldman Sachs Says Buy 3 Sizzling Stocks Now With Up to 150% Upside Potential. MMAT stock remains inflated. Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC The purpose of each video will be to boost your potential gains in the stock market. 2023 Meta Materials Inc. All rights reserved. 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. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. He is also an attorney, licensed to practice law in the State of Texas. Our 3 Top Picks, Stay Away From LCID Stock Before Tesla Kills It. Biographies of each of the team members are as follows: Clifton Dubose Jr. 12 Years Experience. Copyright 2023 ACCESSWIRE. Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. But now, that trends come and gone once again. Delayed Nasdaq His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Learn more at www.metamaterial.com. 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. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. About 3.8 million of an average daily trading volume of about 23.7 million shares had already traded. Nasdaq '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. 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. Until we see further progress with its big plans, its best to stay away. Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. Learn more atwww.metamaterial.com. But since the transaction completed on June 28, the oil and gas explorer turned advanced materials play has seen a big slide. The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with . 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. For now, still in its early stages, this potential is more than accounted for in its share price. '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. Plus 3 Stocks for March.It would be very much appreciate. TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. He co-founded Valor Mineral Management and Mineral Tech. "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. Welcome to the original "Meta-Verse", r/MMAT, a place where Meta Materials Inc News that the deal was at a close came on Friday from Torchlight Energy Resources. Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. 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. On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. Accordingly, readers should not place undue reliance on any forward-looking statements or information. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. 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. For additional information on Torchlight, please visit www.torchlightenergy.com. 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 . 2023 Meta Materials Inc. All rights reserved. There can be no assurance that the OilCo will be successful in securing necessary financing or that expenses incurred to date will be repaid to META. 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. That includes stocks with short squeeze potential, Churchill Capital IV(NYSE:CCIV)s merger plans, and gene-editing stocks on the move. Phone: 1-877-255-8483 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.". The merger also resulted in leadership changes for the two companies. Many investors are counting on a windfall, based on short covering. As many as 148 million FTD shares of Meta are said to be outstanding. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. 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. 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. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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. Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. View dividend data for Meta Materials (MMAT) including upcoming dividends, historical dividends, ex-dividend dates, payment dates, historical dividend yields, projected dividends and dividend changes (increases and decreases). For now? "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. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 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. 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. 2023 InvestorPlace Media, LLC. 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. 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, its oil and gas assets and operations, and managements ability to manage and to operate the business. Meta Materials Inc. Mark Komonoski The required audit, legal and compliance steps are inherently time consuming, said Greg McCabe, former Chairman of the Board of Torchlight Energy Resources, Inc. I am pleased with the progress thus far and look forward to seeing the spinout completed.. Home; Our CV. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. As a result, Meta Materials started trading on the, These are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by META scientists to exhibit new or enhanced properties.. The ex-dividend date of this dividend is Friday, March 3rd. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. No forward-looking statement can be guaranteed. 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. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. 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. The total value of the companys oil and gas properties at the end of 2020 was $30.86 million. MMAT MMTLP George Palikaras CEO of MetaMaterials Inc. speaks on 5G, on Microwave Journal Q&A Panel. On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. 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. If you're new to stock investing, here's how to buy Meta Materials stock. 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. Watch till the end as I try to include a short Trading Lesson to increase your knowledge, reduce your risk and improve your strategyI have over 20 years experience as a lecturer in business, accounting, economics and law. Some likely got out early enough to cut their losses. -, 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). 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. In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META providedan updateon the Companys oil and gas assets and operations. Copyright 2023 InvestorPlace Media, LLC. So is using them to deice and defog Lidar cameras on self-driving vehicles. 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. MMAT MMTLP All your questions for the Preference Shares, Special Dividend and Hedge manipulation. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. All rights reserved. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. Copyright Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Before investing in our common stock, you should carefully consider the risks described below, together with the risk factors contained in the section entitled "Risk Factors" of the Company's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities Exchange . Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. 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. Senior Vice President 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. 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. 1125 N. Charles St, Baltimore, MD 21201. 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