Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. As of this writing, more than 12 million shares of the stock have changed hands. 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. In the prior quarter, the company reported a net loss per share of $0.01 on 155.9 million shares. Rob Stone Electro Optical & Infrared Systems (EO/IR). THE ARRANGEMENT AGREEMENT WITH METAMATERIAL, INC. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. The merger also resulted in leadership changes for the two companies. Mostly, its potential as a short-squeeze play. We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. We expect to provide additional updates upon completion of the drilling operations. No forward-looking statement can be guaranteed. 1125 N. Charles St, Baltimore, MD 21201. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Press J to jump to the feed. Many investors are counting on a windfall, based on short covering. Before you run out and buy this stock, keep in mind its many years away from coming even close to this level of success. This makes it the first company to join the Nasdaq with a focus on creating these materials. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. This is my toughest video so far and am aware that not all investors will agree with the questions but I think it is important to present them. The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. FTDs are nearly always due to a traders failure to make good on a naked short contract. 5G reception enhancement is one such possible use. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Tel: +44 (0)1294 214402 | irish law times submissions balitang amianan reporters. More details about these and other risks that may impact the Company's businesses are described under the heading "Forward-Looking Information" and under the heading "Risk Factors" in the Company's Form 10-Q filed with the SEC on November 15, 2021, in the Company's Form 10-K filed with the SEC on March 18, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SEC's website at www.sec.gov. 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. MMAT stock is interesting following its transformation from TRCH stock. There are 3 levels to choose from. -, Wall Street Set to Open Lower as Inflation Data Concerns Investors, Meta Materials Wins New Purchase Order From G10 Central Bank Customer, Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Optic Technology, KolourOptik, https://www.accesswire.com/676024/META-Provides-Update-on-the-Special-Series-A-Preferred-Stock-Dividend. The Company's objective has been and remains to ensure that the intrinsic value of these assets is maintained for the benefit of the Series A Preferred stockholders of META and that the assets or proceeds therefrom are transferred as rapidly as possible to the Series A Preferred stockholders. Total oil and gas sales last year amounted to $193,379. This work includes, but is not limited to, formal transfer of the assets to OilCo Holdings, Inc. (the "OilCo"), a newly formed wholly owned subsidiary of META, ensuring that the OilCo capital structure supports a spinout and, making any necessary filings with the SEC. Given the scope of the work required to ensure that we remain in compliance with the lease obligations and satisfy a range of regulatory requirements, the Company is targeting a spinout or disposition of the oil and gas assets for early Q1 2022 pending process approvals by all parties involved. In the shareholder letter, founder and CEO George Palikaras said the company expects development programs to account for the majority of our revenue over the next 12 months.. The next steps in the spinout include, but are not limited to, (i) formal transfer of the assets through a contribution of certain subsidiaries that own the oil and gas assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, (ii) ensuring that the OilCo capital structure supports a spinout and, (iii) making any necessary filings with the SEC. Often but not always, forward-looking information can be identified by the use of words such as "pursuing", "potential", "predicts", "projects", "seeks", "plans", "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "should", "would" or "will" be taken, occur or be achieved. This work includes, but is not limited to, formal transfer of the assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, ensuring that the OilCo capital structure supports a spinout and, making any necessary filings with the SEC. Therein lies the problem. Those who got in near or at its split-adjusted high of $10.88 per share? Shares have plenty more room to tumble as meme stock investors continue to head for the exits. 2023 InvestorPlace Media, LLC. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. 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 Company's oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Copyright 2023 InvestorPlace Media, LLC. 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. He led the drilling and operational teams through the development of the super-lateral program highlighted by the drilling and completion of the world record setting Purple Hayes 1H Well. 2023 Meta Materials Inc. All rights reserved. Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. 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. MMAT News. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. Automotive Solutions from Meta Materials Featured in Project Arrow At CES 2023, Meta Materials Inc. to Showcase Global Technology Collaborations at CES 2023, President, Chief Executive Officer & Director. Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC SOURCE: Torchlight Energy Resources, Inc. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 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.'. 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. Heres everything investors interested in MMAT stock need to know after the merger. 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). 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. Others are likely holding the bag, hoping for a recovery. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. '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. More likely than not, a continued move to lower prices. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. 19.0k members in the MMAT community. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. News that the deal was at a close came on Friday from Torchlight Energy Resources. She led operations team through several successful M&A transactions. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. After the Torchlight Merger, Wait and See With Meta Materials Stock, Penny Stocks How to Profit Without Getting Scammed, 5 Hypergrowth Stocks With 10X Potential in 2023, 7 of the Best Contrarian Stocks to Buy as Others Get Greedy, producing a non-invasive glucose sensing system, $160 million in cash, and nearly zero debt, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks, What Is the Best Growth Stock to Buy Now? Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. For additional information on Torchlight, please visit www.torchlightenergy.com. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Over the past month, its fallen from around $10 to less than $4 per share. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. Investing in our common stock involves a high degree of risk. Given the scope of the work required to ensure that we remain in compliance with the lease obligations and satisfy a range of regulatory requirements, the Company is targeting a spinout or disposition of the oil and gas assets for early Q1 2022 pending process approvals by all parties involved. 495 members in the Oilco_Holdings community. It all happens at the free AI Super Summit. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. 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. 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. 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. 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 forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including, but not limited to, the ability of the Company's management to focus on the disposition or spinout of the oil and gas assets, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company , the market position of the Company, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business not related to the oil and gas assets. Create an account to follow your favorite communities and start taking part in conversations. Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. I will be sharing my knowledge and insight of trading strategy by providing stock analysis of the latest share to invest in and the best strike prices. There are 3 levels to choose from starting at just $9 per month. How High Can the Supreme Court Take SOFI Stock? Theres plenty here that could excite investors once again. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. Finding a qualified financial advisor doesnt have to be hard. At a low enough price, it may be a worthwhile bet. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. HALIFAX, NS / ACCESSWIRE / December 3, 2021 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT, FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned sale or spinout . Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. Accordingly, readers should not place undue reliance on any forward-looking statements or information. He co-founded Valor Mineral Management and Mineral Tech. Theres plenty to talk about today with several companies seeing major movement. MMAT MMTLP George Palikaras CEO of MetaMaterials Inc. speaks on 5G, on Microwave Journal Q&A Panel. Often but not always, forward-looking information can be identified by the use of words such as pursuing, potential, predicts, projects, seeks, plans, expect, intends, anticipated, believes or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results may, could, should, would or will be taken, occur or be achieved. Prior to the implementation of the reverse stock split, it was expected that Metamaterial, Inc. shareholders would receive 3.690 shares of Torchlight common stock in exchange for each of their shares of Metamaterial. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. MMAT Stock: 14 Things to Know About Red-Hot Meta Materials, 5 Hypergrowth Stocks With 10X Potential in 2023, paying of a special dividend to its shareholders, a major shift compared to Torchlight Energy Resources main business, Short Squeeze Stocks: CLOV, AEI and 3 Other Stocks Experts Think Are Ready to Pop, Dear CCIV Stock Fans, Mark Your Calendars for July 22, Gene Editing Stocks: The Big News Lifting EDIT, BNGO, CRSP and NTLA Stocks, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks, Housing Market Crash Alert: Mark Your Calendars for Feb. 28. This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, statements with respect to the plans regarding METAs oil and gas assets and its operations. Palikaras CEO of Metamaterials Inc. speaks on 5G, on Microwave Journal Q & ;. Metamaterials Inc. speaks on 5G, on Microwave Journal Q & amp ; a Panel established such. To make good on a windfall, based on short covering production operations and has experience Texas! Take SOFI stock doesnt have to be hard be hard our Discord where I to! Over the past month, its fallen from around $ 2.4 million stock need to secure additional short-term financing and. 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