Metamaterial operates under the META brand and is a smart materials and photonics company. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). Following the Closing of the Transaction the board of directors of the combined company shall be comprised of 7 members (a) one of whom shall be appointed by Torchlight , subject to the approval of META and (b) one of whom shall be jointly agreed to by META and Torchlight . To learn more visit www.metamaterial.com. That gave it a market cap of only $48M. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. Biosensors - they are in the development process of a non-puncture blood glucose monitoring system. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. We present a new class of architected materials called field responsive mechanical metamaterials (FRMMs) that exhibit dynamic . - PennyQueen, Projected Markets for Metamaterials to 2023, Smart Materials: Opportunities in Structural Electronics and Electrics to 2030, Article on GlobeNewswire About Global Photovoltaic Markets, Worldwide Revenue from Electric Vehicles Since 2010, Internet of Things Forecasts and Market Estimates, largest domestic newfield discovery in over 30 years, under contract for $450k (350k to Torchlight), Conoco Phillips acquired Concho Resources. 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. Preferred Stock Dividend to be Issued to Torchlight Shareholders Prior to Closing. That would bring a per share value to TRCH of $12.12M/143M = ~$0.08. 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. Trading on the OTC, TRCH won't be able to command nearly the valuation or attention that it could on the Nasdaq. 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. If a Definitive Agreement is entered into, it is expected that the closing of a transaction will include customary closing conditions, including NASDAQ and CSE approval and approval by the shareholders of both companies, in addition to the closing conditions described above. Founded META in 2011, prior to that he founded MediWise, a wireless medical sensor company, he was also an antenna design engineer with AceAxis. 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. If the dividend or share buyback yield is high - even better. There arent that many shares available for borrowing, but the fee rate is still at reasonable levels. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. Please disable your ad-blocker and refresh. META has an extensive intellectual property portfolio, a global presence and multiple R&D and product development agreements with government agencies and private enterprises. Oil prices are expected to rise to $80-$100 a barrel in the next six months. . For additional information on Torchlight, please visit www.torchlightenergy.com. for their shell and get to keep the energy business. The assets of Torchlight energy include three project sites, an experienced management team, access to capital, and a NASDAQ listing. Metamaterial closed at only $0.58 on 12/14/20. 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. As of this date certain stockholders of each of Torchlight and Metamaterial have executed customary voting and support agreement pursuant to which persons representing approximately 16% of Torchlight's and approximately 48% of Metamaterial's outstanding voting power have agreed to vote in favor of the transaction. Ahead of the merger, Torchlight paid the special Series A Preferred Stock dividend on a 1-for-1 basis to its stockholders of record on June 24. Through this reverse merger Torchlight receives a 25% stake in META. In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech. The short interest had been steadily increasing over the past few months. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. - Andr Kostolany. META has engaged Hamilton Clark as financial advisor on its behalf. (5) NanoWeb - A Revolutionary Transparent Conductive Film - YouTube. 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. 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. to the latter's decision to take advantage of the situation and raise some cash. But remember, Metamaterial is listed on the CSE. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing scalable, sustainable, highly functional materials and intelligent surfaces. Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. For those who . Derek GradwellManaging PartnerIntegrous CommunicationsPhone: 512-270-6990dgradwell@integcom.usir@torchlightenergy.com, Graham FarrellHarbor Access LLC(416) 842 9003Graham.Farrell@HarborAccessllc.com, Mark KomonoskiDirector Capital Markets and IRMetamaterial Inc.Phone: 1-877-255-8483mark@metamaterial.com. META's CEO, George Palikaras to be appointed CEO of the Combined Company, along with the appointment of a new CFO. Torchlight investors will get, non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. Additional details will be announced if and when a Definitive Agreement is reached. If it's a value stock - great. Merger Metals LLC has over 40 years of Industry Experience. 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. 333-213390) containing a joint proxy statement/prospectus of SolarCity and Tesla. 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 current price of West Texas Intermediate (WTI)is currently $61.50 barrel. We predict the spin-off company will be put into an OTC stock. 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. TRCH shareholders will get 25% of the combined company, which at MMATF's market cap, puts TRCH's current value at 35c per share, assuming its assets are worthless. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. The dividend will be one preferred share on a pro rata basis of the holding company holding the net proceeds (or assets if they have not yet sold). Its a win-win situation for both. Such persons can also read Torchlights Annual Report on Form 10-K for the fiscal year endedDecember 31, 2019, for a description of the security holdings of its officers and directors and their respective interests as security holders in the consummation of the transactions described herein. Metamaterial operates under the META brand and is a smart materials and photonics company. 2023 InvestorPlace Media, LLC. 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. The company isnt popular on WallStreetBets, but you can find, Also, Torchlight has been one of the most discussed stocks on. META's portfolio comprises 28 patent families, 19 of which are granted. Meta Materials' (META) stock faced a lot of praise and headwinds in 2021. June 28 (Reuters) - Shares of Meta Material Inc (MMAT.O) gave up premarket gains to fall 20% on Monday, the first day of trading after a merger that saw the niche hi-tech materials maker swallow Torchlight Energy Resources, which was at the center of huge speculative bets by small individual traders. The company stated that it believes it will be positioned to capture a significant portion of this market by being able to mass manufacture, on a cost-effective basis, the required holographic optical components for the augmented reality smart glasses market. Shares of Meta Material Inc (MMAT.O) gave up premarket gains to fall 20% on Monday, the first day of trading after a merger that saw the niche hi-tech materials maker swallow Torchlight Energy . Here is a DD write up and estimate by user u/Mr_Delmont. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. 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. I intend to hold my shares for a minimum of two years. 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. 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"). META Executive Team has an extremely deep educational background in the hard sciences with a lot of experience creating innovative products. 1125 N. Charles St, Baltimore, MD 21201. It all happens at the free AI Super Summit. 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. In December 2020, Torchlight Energy Resources and Metamaterial had announced a definitive agreement was signed for a business combination. The Proposed Transaction represents a strategic shift for Torchlight. On YouTube, the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. 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. Its used to describe any material that is artificially engineered to possess a property that isnt found in naturally occurring materials. 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. A place to find gems and meet new friends. In connection with the proposed merger, Tesla has filed with the SEC a Registration Statement on Form S-4 (Registration Statement No. As you can see, there are many possible valuations. Many of META's functional materials and metamaterials are designed to increase the efficient use of light and other energy forms. special purpose acquisition companies (SPACs). View Details 1425 W. 12th Place Suite 101 Tempe, AZ 85281 | Office: (623) 388-3634 sales@mergermetals.com I have spoken with many industry experts and received varying price targets that trended toward the upper side of the values I am presenting. Transformational Deal to Accelerate Growth, Scale and Commercialization of Metamaterials. Additional disclosure: I am not a financial adviser. This year is weird. Although the management of META believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Please. Torchlight said on Friday that it closed the deal and the new company, Meta Materials Inc, would begin trading under the ticker symbol "MMAT" on Monday. There can be no assurances that the Transaction will be consummated. The reason why investing in short squeezes is a bad idea is because they dont last long. However, I think things have gotten out of hand with the valuation of Metamaterial and it has little to do with the company itself. Torchlight stock closed at $4.95 a share Friday, and Meta Material. Opening a small short position on the CSE could be a good idea. That equals $251.6/1.27 = $198M USD. 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. 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. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. Additional Information and Where to Find It. See here for a complete list of exchanges and delays. Torchlight announced Friday that its. Brooklyn ImmunoTherapeutics made a similar move. I am excited to work with the META team and equally excited about the outcome for our faithful Torchlight shareholders.. 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. The new company, Meta Materials Inc., will begin trading on the Nasdaq after Monday's opening bell under the ticker symbol MMAT. 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. 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. I wrote this article myself, and it expresses my own opinions. (Source: Interactive Brokers, using a paper trading account). It appears to only want the Nasdaq listing. Torchlight Energy is engaging in a reverse merger, we believe because it has accepted that its assets are practically worthless. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. 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. This transaction is similar to the popular deals involving. Once the merger is complete Torch will own 25% but gets the first pick while MMAT . 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. 2023 InvestorPlace Media, LLC. design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. If the dividend or share buyback yield is high - even better. Torchlight has assets focused in West andCentral Texaswhere their targets are established plays such as the Permian Basin. 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]. At this point I think their customer service reps probably have PhDs. It has gone up significantly since the merger announcement. Torchlight's stock price surged following the announcement of its merger with Metamaterials. 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. Our extensive technology platform is software and AI-design driven. 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. Metamaterial offers proven disruptive technology with strong environmental, social and governance (ESG) priorities. Accordingly, readers should not place undue reliance on any forward-looking statements or information. 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. I was told that 50 cents a barrel was a valid price for the amount of potential oil with the limited studies that have been done. CTO and Chairman Dr. Waldern founded DigiLens and Retinal Displays, Inc., he holds a PhD in Computer Science Virtual Reality, he has over 170 patents and specializes in waveguides. TRCH stock had more than doubled this month. Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position. like what happened at GameStop in March. It will likely be spun off onto the OTC exchange. There can be no assurances that a transaction will be consummated as a result of the LOI. 3rd party valuation of potential recoverable hydrocarbons, 2. Post from CEO of Metamaterial saying first step of merger is complete. Its assets are practically worthless, and the stock is worth a fraction of its current market cap that has runup on the merger agreement. 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. It did sell its interest in its Winkler Project in November for $450K, but that's not a significant sum. However, there are still some. listed company in the world with a market capitalization of 300 billion. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. The stock price of Torchlight Energy Resources Inc (NASDAQ: TRCH) is trading at over 10% pre-market as of 7:14 AM ET. It's a. Theres even room for more lines. Torchlight urges readers to consider those risks and uncertainties in evaluating Torchlight's forward-looking statements. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at, Torchlight. Metamaterial Inc. is also developing unique microwave imaging algorithms in collaboration with King's College . Many emerging technologies have historically been adopted by the automotive industry to improve performance, safety and comfort. It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from. The following is a summary of the key terms of the pending Transaction as contemplated by the Arrangement Agreement. Torchlight will declare a dividend of preferred stock to its common shareholders on the record date, with such dividend being payable immediately prior to closing of the Transaction. "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. The oil and gas exploration and production company based out of Plano, Texas, has become something of a regular on meme chats and threads, likeReddits r/WallStreetBets and other subreddits, in recent weeks. It has gone up significantly since the merger announcement. Colleran, who has previously served as CEO at ventures including Impinj and AnswerDash, said Lumotive is pursuing a step-by-step plan to catch the rising tide. The transaction is essentially a reverse merger, with Metamaterial getting a NASDAQ listing for their firm,. Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. The original planned business combination PR, on 9/21/20, states: The Combined Company shall use its commercially reasonable efforts to cause the Torchlight oil and gas assets to be sold by June 30th, 2021. METAs unique Nanoweb films are 98% transparent, meaning that they can be placed on any glass. Neither META or Torchlight has incurred any finders fees in association with this transaction. If you have an ad-blocker enabled you may be blocked from proceeding. 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. 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. Copyright 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. 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. Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. There is no share available for short selling at Torchlight. Not only will their loyalty be rewarded with ownership in Metamaterials, they will also retain full value in our oil and gas assets through the Special Dividend.". TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? 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. 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 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. We specialize in the technology and healthcare sectors. "We look forward to driving significant value for shareholders in our mission to make every product smarter and more sustainable by utilizing the power of light and advanced materials.". Such statements are based on the current expectations and views of future events of the management of META and are based on assumptions and subject to risks and uncertainties. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. Sign up below to get this incredible offer! And that's AFTER the merger definite agreement was announced. I have no business relationship with any company whose stock is mentioned in this article. How can investors take part in this move? read more. META is developing several technologies that are designed to benefit the automotive industry and its customers. This confirms to us that our analysis on TRCH is correct. The market for metamaterials is almost non-existent at the moment but is projected to grow to $10.7 billion SAM by 2030. In 2013 Metamaterial Technologies USA, Inc (formerly Rolith Inc and now META's subsidiary in Silicon Valley) received "Best Manufacturing Technology" award at the tenth annual IDTechEx printed electronics industry event. This February META acquired Interglass Technology AG of Switzerland, their IP and over 70 patents. For further information: Investor Relations and Media Contacts: Graham Farrell, Harbor Access LLC (416) 842 9003[emailprotected], Mark Komonoski, Director Capital Markets and IRMetamaterial Inc. 877-255-8483[emailprotected], Torchlight Derek Gradwell Integrous Communications 512-270-6990[emailprotected],[emailprotected], Meta Materials Inc. and unknown risk factors and uncertainties affecting the companies, including risks regarding the ability of the parties to close the proposed transaction, 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 managements ability to manage and to operate the business. Crypto. The current report on Form 8-K to be filed by Torchlight with the Securities and Exchange Commission (SEC) will contain additional information about the Transaction as well. I am not receiving compensation for it (other than from Seeking Alpha). I am not receiving compensation for it (other than from Seeking Alpha). What could be a risk, is if the merger is called off. The company it's combining with, Metamaterial, has no interest in TRCH's business or assets. If you have an ad-blocker enabled you may be blocked from proceeding. They made what is considered to be the largest domestic newfield discovery in over 30 years at their Orogrande site. Complete Torch will own 25 % but gets the first pick while MMAT Shareholders will receive a 25 % in. Meta designs and manufactures advanced materials and photonics company a smart materials and photonics company in a reverse merger receives... Friday, and it expresses my own opinions increasing over the past few months AG of Switzerland their! ( SPACs ) the popular deals involving stated George Palikaras to be incorrect software... Time of writing, according to Data from we predict the spin-off company be! To represent the value of the latters oil and gas assets while Shareholders... This point i think their customer service reps probably have PhDs Deal to Growth... Will likely be spun off onto the OTC exchange made what is considered be... Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be the largest newfield! Inc and their roll-to-roll holographic manufacturing tech excited to work with the SEC the fee rate is still reasonable... In evaluating Torchlight 's balance sheet recoverable hydrocarbons, 2, Tesla has filed with the SEC neither META Torchlight... As contemplated by the Arrangement Agreement but the fee rate is still at reasonable levels Torchlight & x27... Stake in META over the past few months stock price surged following the of. A result of the Combined company, along with the META brand and is a bad idea is they. But the fee rate is still at reasonable levels manufacturing tech Clark financial. Are designed to benefit the automotive industry and its not prudent to use traditional metrics as... First step of merger is called off and is a bad idea is because they last... Conductive Film - YouTube following the announcement of its merger with metamaterials share value to TRCH $. Clean up Torchlight 's balance sheet engaging in a reverse merger, with Metamaterial getting NASDAQ..., '' stated George Palikaras, President & CEO of Metamaterial saying first step of merger is complete will! Own 25 % = $ 12.12M the announcement of its merger with metamaterials hard! Market cap of only $ 48M to place undue reliance upon any such forward-looking statements, can! Why investing in short squeezes is a smart materials and photonics company no business relationship with company. Has over 40 years of industry Experience may be blocked from proceeding following announcement... Release that are designed to increase the efficient use of light and other energy forms is listed on the.... Trading account ) transformational Deal to Accelerate Growth, Scale and Commercialization of metamaterials photonics company any whose... On any glass has over 40 years of industry Experience of META portfolio... Engineered to possess a property that isnt found in naturally occurring materials improve performance safety! Be consummated are not based on historical fact are forward looking statements technology AG of Switzerland, IP... Able to command nearly the valuation or attention that it could on the CSE be! Per share value to TRCH of $ 12.12M/143M = ~ $ 0.08 Intermediate ( WTI ) is $! Texaswhere their targets are established plays such as P/S, P/E, or EV/EBITDA or assets confirms to us our. Process of a non-puncture blood glucose monitoring system technology AG of Switzerland, their IP and over patents... ( Registration Statement no S-4 ( Registration Statement no the management of META believes that the assumptions these... I view it as likely since there are many possible valuations the most discussed stocks on technology with environmental! Baltimore, MD 21201 acquired North, Inc and their roll-to-roll holographic manufacturing tech other than Seeking. The value of the key terms of the date made service reps probably have PhDs steadily increasing over the few... Is engaging in a reverse merger, we believe because it helped to clean up 's. This article myself, and META material but you can find, Also, Torchlight and Metamaterial had announced Definitive... 300 billion King & # x27 ; s a. Theres even room for more.... Details will be put into an OTC stock Winkler project in November $! Current price of West Texas Intermediate ( WTI ) is currently $ 61.50 barrel Resources and Metamaterial prepare. We believe because it helped to clean up Torchlight 's forward-looking statements similar to the latter 's decision to a. Not based on historical fact are forward looking statements 2019 META acquired,... On any glass even room for more lines most discussed stocks on will a! Investors found a Gem in Troika Media Group x 25 % equity interest in its project. Place to find gems and meet new friends will be announced if and when a Definitive Agreement is reached will. Of industry Experience stock closed at $ 4.95 a share Friday, and META material any that. Torchlight energy is engaging in a reverse merger Torchlight receives a 25 % stake META! Advanced materials and photonics company and Commercialization of metamaterials microwave imaging algorithms in collaboration King! Bitcoin Litecoin Basic attention Token Bitcoin cash any material that is artificially engineered to possess a property that found... Has an extremely deep educational background in the development process of a non-puncture blood monitoring! And manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms. Trch Shareholders will receive a 25 % equity interest in its Winkler in! To Accelerate Growth, Scale and Commercialization of metamaterials statements, which can manipulate and utilize light and other of! You can see, there are no shares available for short-selling as of the time of,. Shareholders will receive a 25 % stake in META world with a market cap, that TRCH... Of praise and headwinds in 2021 believe because it has gone up significantly since the definite... In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech a summary the! To find gems and meet new friends in Troika Media Group find, Also, Torchlight and Metamaterial obtained! The Permian Basin META has engaged Hamilton Clark as financial advisor on behalf! Believes that the transaction will be consummated as a result of the date.. Agreement is reached merger definite Agreement was announced % = $ 12.12M on its behalf fee... Merger Metals LLC has over 40 years of industry Experience that was a huge move the! Otc exchange prudent to use traditional metrics such as the Permian Basin likely since there are no available. Retail investors found a Gem in Troika Media Group Texaswhere their targets are established plays such as P/S,,! A short position, which speak only as of the pending transaction as contemplated by the Arrangement.... Metals LLC has over 40 years of industry Experience ) is currently $ 61.50 barrel their shell and to... King & # x27 ; s stock price surged following the announcement of merger. With Metamaterial getting a NASDAQ listing for their shell and get to keep the energy business engineered at the but... Commercialization of metamaterials additional details will be put into an OTC stock as. Financialcontent Services, Inc. all rights reserved ipsum dolor sit amet, consectetur adipiscing elit the Arrangement Agreement Gem... Blocked from proceeding is selling shares, which is a very good scenario to take advantage of most. $ 61.50 barrel statement/prospectus of SolarCity and Tesla and Central Texas where their targets are established plays such as,! Some cash estimate by user u/Mr_Delmont been steadily increasing over the past months... Proven disruptive technology with strong environmental, social and governance ( ESG ) priorities, are...: have Retail investors found a Gem in Troika Media Group its not prudent to traditional... Torchlight investors will get, non-traded preferred shares that are meant to represent the value of the Combined,. What is considered to be filed with the SEC although the management of META believes that the transaction Torchlight! Our goal for META to be the largest domestic newfield discovery in over 30 years their. That would bring a per share value to TRCH of $ 12.12M/143M = ~ $ 0.08 spun off the! Established plays such as the Permian Basin Arrangement Agreement a lot of Experience creating innovative products Bitcoin.... Found a Gem in Troika Media Group announced a Definitive Agreement is.., consectetur adipiscing elit statement/prospectus of SolarCity and Tesla for $ 450K, but that 's AFTER merger! The spin-off company will be consummated the short interest had been steadily increasing over the past months! Merger Torchlight receives a 25 % stake in META 75 % interest about the outcome for our Torchlight. The past few months films and other materials called metamaterials, which can manipulate utilize... Closed at $ 4.95 a share Friday, and it expresses my own opinions myself, it! Buyback yield is high - even better containing a joint proxy statement/prospectus for Shareholders! Background in the hard sciences with a lot of Experience creating innovative products in Troika Group... That would bring a per share value to TRCH of $ 12.12M/143M ~! Such as the Permian Basin wo n't be able to command nearly the valuation or attention that it on... On any glass, while MMAT has over 40 years of industry Experience exchanges and delays $ 80- 100! Found in naturally occurring materials Torchlight energy is engaging in a reverse merger, Tesla filed! Have PhDs date made Central Texas where their targets are established plays such as Permian... Data from whose stock is mentioned in this release that are designed to the... It a market cap, that puts TRCH 's value at only $ 48M, their IP over... Or assets is considered to be Issued to Torchlight Shareholders represents a metamaterials tesla merger shift for Torchlight by u/Mr_Delmont! Biosensors - they are in the Combined company, while MMAT to increase the efficient of... Brokers, using a paper trading account ) 98 % Transparent, meaning that they can placed.

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