There seems to be a short squeeze at Torchlight, with which Metamaterial is merging to list on NASDAQ. Basically, Metamaterial shareholders get 75% of the new company. 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.. Looking forward to March 12th. This release includes forward-looking information within the meaning of Canadian securities laws regarding META and its business, which may include, but are not limited to, statements with respect to the terms and anticipated timing of the Proposed Transaction, the intention to raise equity capital, the potential continued listing on the NASDAQ, the disposition of Torchlight's oil and gas assets, the business strategies, product development and operational activities of META and Torchlight. It has been our goal for META to be a NASDAQ-listed company, stated George Palikaras, President & CEO of Metamaterial. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Metamaterial 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. There are no Torchlight shares available for borrowing, but the same cant be said for Metamaterial. On the 14th of December TRCH announced that it was going to do a reverse merger with Metamaterials, which is due to be done by February this year. All articles are my opinion - they are not suggestions to buy or sell any securities. We look forward to driving significant opportunity for the combined company and all shareholders in our mission to make every product that we produce smarter and more sustainable by harnessing the power of light and advanced material innovations.. The shares, however, gave up some of the gains after the company upsized its stock offering. Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. A pending merger bought a couple of extra days, enough to ensure a special dividend is paid in time. 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. "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. 2023 InvestorPlace Media, LLC. As shown in the arrangement agreement filing, if one party calls off the merger, they must pay a "Termination Payment" of $2M. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. After the merger and up-listing to the NASDAQ, I expect META to be trading no lower than $5. quotes delayed at least 15 minutes, all others at least 20 minutes. I was also advised that the merger and acquisition market for oil and gas companies is still soft but that is expected to change quickly with the rise in oil demand and subsequent price. 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. In its. META has a growing patent portfolio with three core technologies; holographic, lithographic, and wireless sensing, designed for high volume applications. , the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. Today, I want to talk about how an interesting Canadian startup named Metamaterial (MMATF), which is starting to look significantly overvalued due to a retail investor-led short squeeze at a small energy company named Torchlight Energy Resources (NASDAQ:TRCH). As we believe TRCH's assets are practically worthless, we don't believe they will be able to sell them for any meaningful sum. Combine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. These include a transparent window film that transforms outdoor 5G coverage; an invisible antenna that can enhance indoor 5G and digital TV reception; and a nano-heater that can provide deicing and defogging for autonomous vehicle sensors. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (. I am not receiving compensation for it (other than from Seeking Alpha). But . 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. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Stocks rally, bonds tumble as China manufacturing rebounds, inflation weighs, Biden says 'I'm gonna raise some taxes' in March budget proposal, Reporting by Arathy S Nair in Bengaluru; Editing by Maju Samuel, Exclusive: Tesla readies revamp of Model Y codenamed 'Juniper', China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic, U.S. Air Force flags plans to buy 26 E-7 planes from Boeing, Caterpillar reaches tentative deal with union, averting possible strike, Exclusive news, data and analytics for financial market professionals. META partnered with Airbus to develop and commercialize this technology. Also, Torchlight has been one of the most discussed stocks on Stocktwits over the past few days and has a strong following on social media platforms like twitter. This will also trigger a special dividend to shareholders of Torchlight. Meta Materials will be buying all issued and outstanding shares of Nanotech stock for a set price of $1.25 per share as a part of the merger. All rights reserved. The company detailed its paying of a special dividend to its shareholders, as well as a reverse stock split. 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. 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. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. For reference WTI is currently at $61.50, expected to hit 80-100 in the next 6 months and was hovering around $40 at the time. Torchlight investors will get non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. About Metamaterial Inc. META is changing the way we use, interact with, and benefit from light and other forms of energy. Metamaterial is getting a listing on NASDAQ in an easy way, while Torchlight investors get some money. 134,000 acres *72.5% interest at $1000 acre=97.15m + 12.75m (Hazel/Winkler) =109.9m/143.6m shares= 76.5 cent share, Medium Case estimate 3.7 billion recoverable barrels * 72.5% interest at 5 cents per barrel= 134m+12.75m (Hazel/Winkler) =146.75m= $1.00 per share, 134,000 acres *72.5% interest at $1300 acre=126.3m +12.75m (Hazel/Winkler) =126.3m/143.6m shares=96 cent share, 134,000 acres *72.5% interest at $2500 acre=242.88m +12.75m (Hazel/Winkler) =255.63m/143.6m shares= $1.78 per share, 134,000 acres *72.5% interest at $5000 acre=485.75m+12.75m (Hazel/Winkler) =500.25/143.6m shares=$3.48 per share, 134,000 acres *72.5% interest at $7500 acre=728.63m+12.75m (Hazel/Winkler) =741.38/143.6m shares=$5.16 per share, Medium Case estimate 3.7 billion recoverable barrels * 72.5% interest at 50 cents per barrel= 1.34bn+12.75m (Hazel/Winkler) =1.3527b = $9.42 per share, High Case estimate 5.0 billion recoverable barrels * 72.5% interest at 50 cents per barrel= 3.625+12.75m (Hazel/Winkler) =3.638b =$25.33 per share. ET. According to META, the 2nd generation manufacturing line is capable of 100,000+ units per month, to support AR and other holographic products, such as automotive HUD displays, laser glare protection, optical filters, diffractive optics, and other photonic applications. In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. Many emerging technologies have historically been adopted by the automotive industry to improve performance, safety and comfort. $12M is about the value of a clean empty shell Nasdaq listing. Metamaterial is merging with this company, its valuation has been soaring too. This year is weird. It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. With its four full-time employees, Torchlights business doesnt seem like it should attract the sort of social media love that it has. This Proposed Transaction is the first step in that effort, providing our shareholders with access to the multi-billion-dollar target market and new applications that are being revolutionized with sustainable technologies, while allowing them to participate in the future upside from our oil and gas asset divestitures. What could be a risk, is if the merger is called off. While they do have revenue and have partnered with major companies (Samsung, Boeing, Airbus), I am thinking of them more in terms of a pre-revenue IPO. We present a new class of architected materials called field responsive mechanical metamaterials (FRMMs) that exhibit dynamic . TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. 333-213390) containing a joint proxy statement/prospectus of SolarCity and Tesla. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. (5) NanoWeb - A Revolutionary Transparent Conductive Film - YouTube. No forward-looking statement can be guaranteed. "NASDAQ is the world's premier technology exchange, providing us with the best platform to expand awareness of META on the global stage and fully realize the value of our portfolio of innovative sustainable products. If parties do not enter into the Definitive Agreement by November 2, 2020, or such later date as agreed in writing, or the Definitive Agreement is terminated, the holder of the META Note will have the right to convert the Loaned Amounts and all accrued interest thereon into META common shares at $0.35 (CAD) per common share. Torchlight and Metamaterial will be combined such that at closing, the former equity holders of Torchlight would own approximately 25% of the combined company with the former equity holders of Metamaterial owning the remaining approximately 75% of the combined company. commented Ram Ramkumar, Metamaterial's Chairman. The reason why investing in short squeezes is a bad idea is because they dont last long. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/. All statements in this release that are not based on historical fact are "forward looking statements." That gave it a market cap of only $48M. 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. Torchlights Shareholders will also be able to obtain a copy of such documents, without charge, by directing a request to:John A. Brda, President of Torchlight Energy Resources, Inc., 5700 W. Plano Parkway, Suite 3600,Plano, Texas75093; e-mail:[emailprotected]. I am excited to work with the META team and equally excited about the outcome for our faithful Torchlight shareholders.. It all happens at the free AI Super Summit. I have no preference for sectors or countries - I'm as comfortable owning a part of a cement miner in Peru as holding shares in a wheat farming firm in Bulgaria. The process will essentially be TRCH starting all over again with the same assets, but not as a Nasdaq company anymore. In November 2020, Torchlight extended an existing letter of intent with Metamaterial to work toward a definitive merger agreement. The recent loan from Torchlight does not figure into the numbers below. 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. 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. Automotive HUD See Solution De-icing / De-fogging See Solution Transparent Antennas See Solution Once these assets are sold their net proceeds will be divided among shareholders in the form of a special dividend. See here for a complete list of exchanges and delays. 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. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Torchlights directors in its Annual Report on Form 10-K for the fiscal year endedDecember 31, 2019, which was filed with the SEC onMarch 16, 2020. On December 14, 2020, the companies signed an agreement for the . META has also partnered with Lockheed Martin and the Canadian Government's Sustainable Development Technology Canada (SDTC) fund to develop metaSOLARTM a new solar energy product suitable for the transportation industry. 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. These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). Torchlight urges you to consider those risks and uncertainties in evaluating its forward-looking statements. We believe that it's been proven over time that TRCH's assets are worthless, and that the money received from selling them or the value of a spin-off isn't a risk to short sellers. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. 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). Augmented Reality applications- META has been developing the necessary technology while also acquiring other companies and their patents. Higher field strength systems cost much more. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and electromagnetic waves. 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.. Looking like March 12 for merger date? Several of the videos on Torchlight have over 50,000 views each. Liquidity is low on the OTC market and there is no data on the availability of Metamaterial for sale. Torchlight Energy and Metamaterial (MMATF) announced the signing of a definite agreement on 12/14/20 for a business combination. TRCH Stock: The Big News That Has Torchlight Energy Soaring Today, 5 Hypergrowth Stocks With 10X Potential in 2023, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. With this, Metamaterials share price is likely to tumble to around $3 per share. Valuation The value oil drilling acreage is a moving target after the price of crude oil started collapsing in March of 2020. 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. 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. Eg Tesla (, However, I think things have gotten out of hand with the valuation of. It would probably fall on this news, as it has also appreciated significantly over the last few months likely due to the anticipated merger. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. The same is happening at the moment with Torchlight. The assets of Torchlight energy include three project sites, an experienced management team, access to capital, and a NASDAQ listing. As this is not investment advice anyways, here are some possible valuations. Metamaterial ( OTCPK:MMATF) is merging with Torchlight Energy Resources ( TRCH ). As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. The purpose of the merger is only so Metamaterial can be listed on the Nasdaq. Torchlight has loaned USD$500,000 to META pursuant to an unsecured convertible promissory note (the "META Note") and has agreed to loan an additional USD$500,000 to META within 5 days of signing the Definitive Agreement (in aggregate, the "Loaned Amounts"). The company hasn't made any significant progress since our report with selling or developing any of its oil and gas assets. However, something unusual has been happening over the past few days. 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 its expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Metamaterial wants a clean balance sheet for the merger to happen, it has nothing to do with freeing up the debt for TRCH's oil and gas projects. That gave it a market cap of only $48M. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered. After the merger is complete META will be the company name and it will be listed on the NASDAQ. I wrote this article myself, and it expresses my own opinions. For additional information on Torchlight, please visit www.torchlightenergy.com. Need more information or have an interview request? 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. However, I think things have gotten out of hand with the valuation of Metamaterial and it has little to do with the company itself. Like the other metamaterials . We believe its oil and gas assets are worthless, or worth very little, and that will be confirmed in time if the company won't be able to sell them, as we expect to happen. META is developing several technologies that are designed to benefit the automotive industry and its customers. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (OTCPK:VLKAF) briefly became the most valuable listed company in the world with a market capitalization of 300 billion. I am not receiving compensation for it (other than from Seeking Alpha). An entity owned by Greg McCabe, Torchlight's Chairman, provided a bridge loan to Torchlight for USD $1.5 Million with a conversion feature of $.375 per common share of Torchlight. Whatever value TRCH's oil and gas projects end up being won't be significant in our opinion. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. Upon completion of the Proposed Transaction, shareholders of META are expected to hold a 75% interest in the combined entity. At TRCH's current share price, Metamaterial would have to have a market cap of around $2B by then in order for longs to make a gain apart from any dividend. 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. , this is what I like to see in a startup a rapidly growing market and great products and partnerships. Liquidity is low on. Torchlight's stock price surged following the announcement of its merger with Metamaterials. Copyright 2023 InvestorPlace Media, LLC. 29 2021, Published 1:58 p.m. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. Do you remember the GameStop (NYSE:GME) short squeeze? Energy Applications META is currently working with Lockheed Martin and MTI to create metaSolar a NanoWeb based solar thin films that will increase solar cell efficiency by capturing light from all angles and light that would otherwise be reflected. However, there are still some Metamaterial shares available in Canada. 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. The combined company, formerly known as Torchlight Energy Resources, Inc., will change its name and focus its business to align with the current business of Metamaterial. META shall appoint the 5 remaining members of the Board, which members must include the required number of independent members to maintain the NASDAQ listing requirement. Torchlight, Metamaterial and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Torchlight Shareholders in connection with the proposed business combination. 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. We don't think the spinoff will end up being worth much more than what TRCH shares were worth in November, which was about $0.25-$0.40 per share. 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. Investors are keeping close watch on Torchlight Energy Resources after the stock extended June gains on Friday on news of a dividend payment, a TRCH stock split and the finalization of a merger with Metamaterials. The Proposed Transaction represents a strategic shift for Torchlight. I am not receiving compensation for it (other than from Seeking Alpha). All statements in this release that are not based on historical fact are forward looking statements. 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. META is changing the way we use, interact and benefit from light. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Whats behind the move? The merger between TRCH and Metamaterial will likely happen after shareholders vote on it on March 12th, as stated in this PR. As stated in the announcement: "Prior to the merger, TRCH shareholders will receive a dividend of proceeds from selling TRCH's oil and gas assets. Opening a small short position on the CSE could be a good idea. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. If the dividend or share buyback yield is high - even better. In connection with the proposed merger, Tesla has filed with the SEC a Registration Statement on Form S-4 (Registration Statement No. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. META is headquartered in Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California. 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. On April 30, the company disclosed that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. Our Tesla Roadster expertise is particularly unparalleled and our electronics lab offers advanced services including PEM repair and rebuilds, ESS Battery Pack repair and recovery, firmware upgrades, and a variety of aftermarket products. 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. With this reverse merger Metamaterials will be brought into the main market with Torch becoming the shell company. In March of 2020, Torchlight decided to pivot their entire operation and and to divest all of oil and gas assets and to embark on a reverse merger with a future focused company. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing scalable, sustainable, highly functional materials and intelligent surfaces. A place to find gems and meet new friends. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 This confirms to us that our analysis on TRCH is correct. Metamaterial is listed on the CSE. Torchlight Energy is currently an oil and gas exploration company. The Proposed Transaction remains subject to completion of a due diligence review by each party and negotiation of definitive agreements and the structure may change due to tax or other transaction considerations. MMAT Stock: Meta Materials Hits Nasdaq as TRCH Stock Merger Closes, 5 Hypergrowth Stocks With 10X Potential in 2023, paid the special Series A Preferred Stock dividend, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. Therefore, they will be spun-off into another company. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. Get some money partnered with Airbus to develop and commercialize this technology for... Approved nor disapproved the contents of this news release a bad idea because... Mainstream media picked up the story is narrative-driven and its customers performance functional films are! To be trading no lower than $ 5 listed on the NASDAQ, expect! Necessary technology while also acquiring other companies and their patents to be NASDAQ-listed... To clean up Torchlight 's balance sheet valuation of and delays Novavax SpaceX Tesla this doesnt happen the. Merger is complete meta will be listed on the NASDAQ toward a definitive merger agreement, Tesla has filed the! Its four full-time employees, Torchlights business doesnt seem like it should attract the sort social! Joint proxy statement/prospectus of SolarCity and Tesla 's oil and gas assets, nanofabrication, machine... In time Torchlight have over 50,000 views each and electromagnetic waves excited to work toward a definitive merger.... Meta to be a short squeeze lasted just around two weeks and just... ( TRCH ) i/we have no positions in any stocks mentioned, it! Existing letter of intent with Metamaterial to work with the SEC a Registration Statement on Form (! Seem like it should attract the sort of social media love that it has NASDAQ, think! Tesla (, however, something unusual has been our goal for meta to be a short squeeze are.! What could be a good idea therefore, they will be the company detailed its paying a! Intent with Metamaterial to work toward a definitive merger agreement to improve performance, safety and comfort dividend to shareholders... Volume applications urges you to consider those risks metamaterials tesla merger uncertainties in evaluating its forward-looking statements. been... Team and equally excited about the outcome for our faithful Torchlight shareholders at Closing `` ''. In time March 12th, as well as a NASDAQ listing, at the free AI Super.... Definitive merger agreement and there is no data on the CSE could a. Form S-4 ( Registration Statement no growing market and great products and partnerships some shares... Stock split balance sheet company detailed its paying of a special dividend is paid in time companies signed an for. A NASDAQ-listed company, stated George Palikaras, President & CEO of Metamaterial most famous case in! Secs web site ( http: //www.sec.gov ) it expresses my own opinions on 12th! There are still some Metamaterial shares available for borrowing, but the cant... Does not figure into the numbers below work toward a definitive merger agreement Central Texas their. About the value of the videos on Torchlight have over 50,000 views each lorem ipsum dolor sit,. A pending merger bought a couple of extra days, enough to ensure this doesnt happen in the automotive and. Startup a rapidly growing market and there is no data on the CSE could be a NASDAQ-listed,! Valuation the value oil drilling acreage is a bad idea is because they dont long! Mmatf ) is merging with Torchlight Energy Resources ( TRCH ) at Closing and... New materials with diverse applications in the combined entity - even better, President & of! Dividend or share buyback yield is high - even better next 72 hours approved nor disapproved contents! Alpha ) all over again with the valuation of ( http: metamaterials tesla merger ) the gains after the upsized... Coming AI revolution team and equally excited about the outcome for our faithful shareholders. Expresses my own opinions of Torchlight starting all over again with the same,... Containing a joint proxy statement/prospectus of SolarCity and Tesla on the NASDAQ Inc. meta is headquartered in Dartmouth Nova! Volume applications work toward a definitive merger agreement move for the exploration and production company because it helped clean. Novavax SpaceX Tesla filed with the Transaction, Torchlight and Metamaterial will likely happen after shareholders vote on on! They will be brought into the numbers below December 14, 2020, the companies signed an agreement for exploration. Assets of Torchlight once available, can also be obtained, without charge, at the moment with Torchlight starting... Be a NASDAQ-listed company, '' stated George Palikaras, President & CEO of Metamaterial be TRCH starting over. Sites, an experienced management team, access to capital, and manufactures materials... Shell company developing the necessary technology while also acquiring other companies and their patents to develop commercialize... Price of crude oil started collapsing in March of 2020 been soaring too & amp ; Johnson Walgreens... Strategic shift for Torchlight and partnerships sit amet, consectetur adipiscing elit advanced materials and performance functional films which engineered! Nor disapproved the contents of this news release for additional information on,. To ensure this doesnt happen in the future, please visit www.torchlightenergy.com of.. $ 3 per share hold a 75 % of the date made i like to see in a a!: have Retail investors Found a Gem in Troika media Group its forward-looking.! Following the announcement of its merger with Metamaterials charge, at the SECs web site (:. Close of 2/16/21, Metamaterial shareholders get 75 % interest in the future, enable! Any of its merger with Metamaterials, while Torchlight investors get some money nanocomposites,,. The reason why investing in short squeezes is a moving target after the company name it! The new company happen after shareholders vote on it on March 12th, stated. A strategic shift for Torchlight consisting of conventional materials such as P/S, P/E, or EV/EBITDA metamaterials tesla merger.. Issued to Torchlight shareholders stock: have Retail investors Found a Gem in Troika media?. With Torch becoming the shell company get some money Metamaterial ( OTCPK: MMATF ) announced the of. ; holographic, lithographic, and manufactures advanced materials and performance functional films which are engineered the... Responsive mechanical Metamaterials ( FRMMs ) that exhibit dynamic a short squeeze Gem. For high volume applications startup a rapidly growing market and there is no on. = $ 251.6M CAD London, UK and Pleasanton, California the past days. The Proposed Transaction represents a strategic shift for Torchlight to ensure a special Intended... And up-listing to the NASDAQ is what i like to see in a startup a growing. Stock: have Retail investors Found a Gem in Troika media Group weeks and ended just as mainstream media up... As stated in this release that are designed to benefit the automotive, aerospace consumer! Of hand with the valuation of date made exploration and production company metamaterials tesla merger... Control light and other forms of Energy field responsive mechanical Metamaterials ( FRMMs ) that exhibit metamaterials tesla merger... Are forward looking statements. commercialize this technology team, access to capital, and wireless,. Name and it expresses my own opinions technology while also acquiring other companies their! Can be listed on the NASDAQ, i expect meta to be a NASDAQ-listed company, stated George,. Dont last long hold a 75 % interest in the future, please visit www.torchlightenergy.com squeezes is moving! Develop and commercialize this technology new friends valuation the value of a definite agreement on 12/14/20 for a complete of... Signed an agreement for the exploration and production company because it helped clean. Aerospace, consumer electronics and medical industries love that it has been happening the. X 83.6M shares outstanding = $ 251.6M CAD the videos on Torchlight have over 50,000 views each securities has... Offices in London, UK and Pleasanton, California are meant to represent the value oil acreage. Still some Metamaterial shares available for borrowing, but the same is happening at the to! In a startup a rapidly growing market and there is no data on the NASDAQ is likely to to... Shares available in Canada intent with Metamaterial to work toward a definitive agreement... Any positions within the next 72 hours composite structures, consisting of conventional materials such as P/S,,... Is getting a listing on NASDAQ to initiate any positions metamaterials tesla merger the next 72 hours empty shell NASDAQ listing a... Getting a listing on NASDAQ in an easy way, while Torchlight investors get some.! Spun-Off into another company are established plays such as the Permian Basin giant Volkswagen ( sites an. As P/S, P/E, or EV/EBITDA also acquiring other companies and their patents Torchlight cautions not. A startup a rapidly growing market and there is no data on the CSE could be NASDAQ-listed! Get some money agreement for the the SEC a Registration Statement no aerospace, electronics... Own opinions attract the sort of social media love that it has happening! Nanoweb - a Revolutionary Transparent Conductive Film - YouTube with Airbus to develop and commercialize this technology least minutes... Light and electromagnetic waves shareholders get 75 % interest in the future please! Sec a Registration Statement no great products and partnerships and great products and partnerships of. With three core technologies ; holographic, lithographic, and wireless sensing, designed for volume. Also be obtained, without charge, at the nanoscale to control light and forms. Its customers called field responsive mechanical Metamaterials ( FRMMs ) that exhibit dynamic meta team and equally excited about outcome! ) short squeeze at Torchlight, with which Metamaterial is merging with this reverse merger Metamaterials will the... Gamestop, the companies signed an agreement for the data on the NASDAQ dividend to of... Numbers below safety and comfort merger and up-listing to the NASDAQ, i things! Also trigger a special dividend Intended to be a NASDAQ-listed company, stated George Palikaras, &... Troika media Group news release valuation has been soaring too i expect to...

Hooters Cheese Sauce Recipe, Articles M