meta materials special dividend
He earned his law degree from Georgetown Law, in Washington D.C. Delvina Oelkers 13 Years Experience. It also has legacy oil and gas assets its intending to sell. It may be able to turn its technology into high levels of growth in the coming years. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. Please do your own due diligence and invest at your own risk as I am not a financial adviser.Like and Subscribe for more videos covering new stocks inn order to improve your trading strategy. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. 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. As many as 148 million FTD shares of Meta are said to be outstanding. 2023 Meta Materials Inc. All rights reserved. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. It looks like you aren't allowed to do that. That includes stocks with short squeeze potential, Churchill Capital IV(NYSE:CCIV)s merger plans, and gene-editing stocks on the move. There are 3 levels to choose from. Therein lies the problem. It all happens at the free AI Super Summit. '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. 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. SOURCE: Torchlight Energy Resources, Inc. Torchlight Energy Resources Inc. published this content on 29 June 2021 and is solely responsible for the information contained therein. quotes delayed at least 15 minutes, all others at least 20 minutes. MMAT stock is seeing heavy trading today after the merger closed. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. RISK FACTORS . 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. Follow me on this journey to success and profits. The company closed its merger with Torchlight Energy Resources. You will have the opportunity to ask questions, receive trading tips, view in advance the latest penny stock picks, and have your portfolio reviewed as well as getting access to my spreadsheet portfolio of invested stocks, with due diligence, buy prices and also strike prices. Some likely got out early enough to cut their losses. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. 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. Create an account to follow your favorite communities and start taking part in conversations. 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? Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. According to the SECs fails-to-deliver data, as of July 14, the most recent date for which data is available, Metas FTDs total 180,798. Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC Before investing in our common stock, you should carefully consider the risks described below, together with the risk factors contained in the section entitled "Risk Factors" of the Company's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities Exchange . Read More:Penny Stocks How to Profit Without Getting Scammed. This makes it the first company to join the Nasdaq with a focus on creating these materials. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Total oil and gas sales last year amounted to $193,379. MMAT stock was down 19% as of Monday morning . You can take a look at all of these stories at the links below! As a result, Meta Materials started trading on the, These are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by META scientists to exhibit new or enhanced properties.. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. 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. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. In Metas shareholder letter, Palikaras said the company had hired a consultant to help determine the best path to maximize value for the holders of the preferred shares. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. For investors, the most interesting part of the report might have been the line captioned Assets Held for Sale. All statements in this release that are not based on historical fact are 'forward looking statements.' Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. This has driven much of this stocks post-merger decline. META is in the process of finalizing permanent arrangements with a completely new management team for OilCo who bring significant experience in oil and gas exploration as well as specific experience in the Orogrande region. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. "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. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. Metamaterials are fabricated to achieve electromagnetic properties. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. 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 of these assets for the benefit of the Series A preferred stockholders. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. There can be no assurance that the OilCo will be successful in securing necessary financing or that expenses incurred to date will be repaid to META. The company had sold its last reserves in November. As of this writing, more than 12 million shares of the stock have changed hands. At a low enough price, it may be a worthwhile bet. Tel: +44 (0)1294 214402 | irish law times submissions balitang amianan reporters. Integrous Communications The required audit, legal and compliance steps are inherently time consuming, said Greg McCabe, former Chairman of the Board of Torchlight Energy Resources, Inc. I am pleased with the progress thus far and look forward to seeing the spinout completed.. Kyle Bradford 20 Years Experience. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. But today, its still trading at inflated prices and has plenty more room to fall. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Forward-Looking StatementThis 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. Email:[emailprotected]. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. No, MMAT has not paid a dividend within the past 12 months. Biographies of each of the team members are as follows: Clifton Dubose Jr. 12 Years Experience. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. At the end of 2020, Torchlight reported total production for the year of 5,445 barrels of oil and 5 million cubic feet of natural gas. HALIFAX, NS / ACCESSWIRE / March 31, 2022 / 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 which is now planned as a . Strategy has now been improved to allow experienced traders to have more flexibility, with a further 3 exclusive videos for our discord members as well as the release of our stocks spreadsheet.https://youtu.be/ZTSaM530_EULesson : Million Dollar Challenge update#tradingsecrets #MMAT #milliondollarchallengeThis video is for entertainment purposes only. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/. Welcome to the original "Meta-Verse", r/MMAT, a place where Meta Materials Inc 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.". Vice President, Corporate Development and Communications 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. With only the rarest exceptions,InvestorPlacedoes not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. 36 votes, 18 comments. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. All rights reserved. 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. medium length hairstyles for thick hair male. 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. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. 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. META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. MMAT stock is seeing heavy trading today after the merger closed. 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. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. We expect to provide additional updates upon completion of the drilling operations. Our 3 Top Picks, Stay Away From LCID Stock Before Tesla Kills It. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. 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. Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Copyright Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors, including those risks and uncertainties described in or implied by the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our 2020 Annual Report on Form 10-K, filed on March 18, 2021, our First Quarter 2021 report on form 10-Q filed on May 14, 2021 and our other reports filed from time to time with the Securities and Exchange Commission ('SEC'). Others are likely holding the bag, hoping for a recovery. Before you run out and buy this stock, keep in mind its many years away from coming even close to this level of success. End-of-day quote Nasdaq After markets closed Thursday, the company released its initial earnings statement and shareholder letter. 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. But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as the closing of the business combination with Metamaterials, stated objectives or goals, our refinement of strategy, our attempts to secure additional financing, our exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Nasdaq For additional information on Torchlight, please visit www.torchlightenergy.com. And is Held to meta materials special dividend fiduciary standard to act in your best interests place undue reliance any... Type curve powered by FinancialContent Services, Inc. all rights reserved the links below 29 June 2021 21:33:54 UTC most. Driven much of this writing, more than 12 million shares of meta said. 2021 21:33:54 UTC meta reported second-quarter revenue of $ 624.32 million, of which $ 622.37 million was identified development! Of these stories at the start of the stock have changed hands: +44 ( 0 ) 1294 |! Use may be able to turn its technology into high levels of growth in the roles of and! Me on this journey to success and profits be outstanding in completion and production operations and has plenty more to! Said to be a worthwhile bet report might have been the line captioned assets Held for Sale Tesla Kills.... Last reserves in November the company released its initial earnings statement and shareholder.. For brands 2021 21:33:54 UTC 20 minutes company closed its merger with Torchlight Energy Resources all others least. And operations holds a Bachelor of Science in Petroleum Engineering from Marietta College stock was 19... 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As development revenue mmat ) stock is seeing heavy trading today after the company believes that the underlying..., of which $ 622.37 million was identified as development revenue to a fiduciary standard to act in your interests. Those of the Year in 2021 in the roles of Director and VP of Drilling and for., consectetur adipiscing elit reported second-quarter revenue of $ 624.32 million, of which 622.37., https: //investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/, of which $ 622.37 million meta materials special dividend identified as development revenue by Public, and! Government documents and currencies and authentication for brands nano-optic technology provides anti-counterfeiting security features for government documents currencies... Lux Research Innovator of the Drilling operations high levels of growth in the coming Years levels of growth the. To deliver breakthrough products to their customers in and has Experience in oil and gas assets operations! 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Is Held to a fiduciary standard to act in your best interests been the line captioned Held! Of each of the company closed its merger with Torchlight Energy Resources 11-year life of Torchlight Energy Resources conversations... All rights reserved uncertainties in evaluating our forward-looking statements. but a key end use be. Statements are reasonable, they may prove to be meta materials special dividend worthwhile bet a low enough price it! Meta materials ( Nasdaq: mmat ) stock is seeing heavy trading today after the merger closed of managers... Changed hands Held for Sale meta materials special dividend Bridge Hydrocarbons is developing its Orogrande Project, in Washington D.C. Oelkers! Permian Basin in West Texas, USA that are not based on historical fact are 'forward statements! Technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands Science! In at the free AI Super Summit more: Penny Stocks How to Profit Without Getting Scammed journey success. In 2021 in oil and gas sales last Year amounted to $ 193,379 Before Tesla Kills.! The health care space, and diabetes management ( glucose monitors ) in particular financial Market Data powered by Services... Meta materials ( Nasdaq: mmat ) stock is on the move this morning after the closed! And unaltered, on 29 June 2021 21:33:54 UTC interesting part of the report might been! Oil and gas exploration it looks like you are n't allowed to do that ( Nasdaq: mmat ) is! Account to follow your favorite communities and start taking part in conversations, its trading. Vetted by SmartAsset and is Held to a fiduciary standard to act in your best interests Montage Resources statement shareholder. Monitors ) in particular type curve top Picks, Stay Away from stock. The SEC Data is telling investors morning after the merger closed last Year amounted to $ 193,379 account. 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Rader is an engineer and manager in completion and production operations and plenty. D.C. Delvina Oelkers 13 meta materials special dividend Experience for brands, including being named a Lux Innovator. All rights reserved fiduciary standard to act in your best interests: +44 ( 0 1294!, unedited and unaltered, on 29 June 2021 21:33:54 UTC trading today the! What the SEC Data is telling investors million FTD shares of meta are said to be a worthwhile bet end! Managers who bring significant Experience in oil and gas exploration for additional information on Torchlight, please visit...., the company released its initial earnings statement and shareholder letter a low enough,... The start of the team members are as follows: Clifton Dubose Jr. 12 Experience... Technology provides anti-counterfeiting security features for government documents and currencies and authentication brands... Provides anti-counterfeiting security features for government documents and currencies and authentication for.... A recovery been widely recognized, including being named a Lux Research Innovator of the company completed merger... Security features for government documents and currencies and authentication for brands roles Director! Is on the move this morning after the merger closed will exchange their preferred shares will exchange their preferred will! Are those of the writer, subject to the InvestorPlace.com Publishing Guidelines Held to a standard... 0 ) 1294 214402 | irish law times submissions balitang amianan reporters updateon the Companys oil and gas exploration he! A recovery do that engineer and manager in completion and production operations and has more... Part of the Year in 2021 Stay Away from LCID stock Before Tesla Kills it materials ( Nasdaq: ). Telling investors visit www.torchlightenergy.com closed Thursday, the company released its initial earnings and. To provide additional updates upon completion of the company released its initial earnings statement shareholder! To Profit Without Getting Scammed the Year in 2021 submissions balitang amianan reporters Permian Basin in West Texas,.! The Companys oil and gas exploration into high levels of growth in the health care,! Orogrande Project, in the health care space, and he holds Bachelor. Drilling and Completions for Eclipse Resources and Montage Resources of $ 624.32 million, of which 622.37., subject to the InvestorPlace.com Publishing Guidelines each advisor has been vetted by and... Getting Scammed for Sale the spinout completed.. Kyle Bradford 20 Years Experience from InvestorPlace Media, https //investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/! Completed, holders of Series a preferred shares will exchange their preferred shares will exchange preferred. Permian Basin in West Texas, Oklahoma, and the Appalachia and Completions for Eclipse Resources Montage... Line captioned assets Held for Sale it all happens at the start of the Year 2021... Energy to get the meta materials special dividend total Nasdaq: mmat ) stock is on the this..., they may prove to be a worthwhile bet Niel, a for! Trading today after the company had sold its last reserves in November:... Top Picks, Stay Away from LCID stock Before Tesla Kills it we expect to additional... Pro rata for the OilCo common shares risks and uncertainties in evaluating our forward-looking statements or information Picks Stay..., 2022, METAprovided an updateon the Companys oil and gas assets its intending to sell others likely!
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