Metamaterial closed at only $0.58 on 12/14/20. If no sales occur, then they will receive an equity interest in a spin-off entity that holds TRCH remaining oil and gas assets.". Looking like March 12 for merger date? At one point, TRCH stock climbed by more than 600 percent in February from December 2020 due to . 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. 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. 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 companies, including risks regarding the ability of the parties to reach agreement on definitive agreements, 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 management's ability to manage and to operate the business. Torchlight shareholders on the record date will be entitled to receive a preferred stock dividend, payable immediately prior to the closing of the Transaction, that entitles them to their pro rata share of any proceeds resulting from any sale of Torchlights oil and gas assets that occurs on the earlier ofDecember 31, 2021or six months from the closing of the Transaction, and, after such time if such sales are not complete, will be entitled to receive a pro rata equity interest in a spin-off entity that holds Torchlights remaining oil and gas assets, subject to certain conditions. Liquidity is low on. Do you remember the GameStop (NYSE:GME) short squeeze? The market for metamaterials is almost non-existent at the moment but is projected to grow to $10.7 billion SAM by 2030. It also announced plans for the merger of the company to close today. Torchlight stock closed at $4.95 a share Friday, and Meta Material. "In order to unlock value potential from our national listing and access to the capital markets, we shifted some attention from the divestiture of our oil and gas assets to an acquisition strategy targeting proven disruptive technology companies with strong environmental, social and governance (ESG) priorities. 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. META partnered with Airbus to develop and commercialize this technology. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. META has a growing patent portfolio with three core technologies; holographic, lithographic, and wireless sensing, designed for high volume applications. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Of . I have been investing in stocks since 2007.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. I wrote this article myself, and it expresses my own opinions. In 2020 to date, META has been granted 11 new patents. The META Note is for a 24-month term and bears interest at 8%, with principal and interest due in a lump sum at maturity. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Torchlight or Metamaterial, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. 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. Torchlights definitive proxy statement/prospectus will be mailed to Shareholders of Torchlight as of a record date to be established for voting on the transactions described in this report. These will be ultra-thin, light, flexible, can be applied to flat or curved surfaces and will be able to add onboard power and charging. 29 2021, Published 1:58 p.m. The merger was analyzed by SA contributor Safety In Value back in March. 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.. . "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.". After 10 years of scientific discovery and application development, Meta Materials is now the first Nasdaq-listed metamaterials company, joining the worlds premier exchange for technology companies, noted George Palikaras, the companys founding president and CEO. There has been a worldwide influx of retail investors and this has led to unusual developments involving meme stocks, short squeezes, and the rise of the infamous WallStreetBets subreddit. Recall that the company plans to merge with Metamaterial(OTCMKTS:MMATF), which makes advanced materials. 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. It has gone up significantly since the merger announcement. 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. Copyright 3rd party valuation of potential recoverable hydrocarbons, 2. This confirms to us that our analysis on TRCH is correct. 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. Please disable your ad-blocker and refresh. 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. Its used to describe any material that is artificially engineered to possess a property that isnt found in naturally occurring materials. The closing of the Transaction is subject to the satisfaction or waiver of customary closing conditions, including approvals by NASDAQ and the Canadian Securities Exchange (CSE), Canadian court approval, and approval by the shareholders of both companies. However, there are still some. It appears to only want the Nasdaq listing. 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. The reason why the short squeeze at Torchlight is likely to end soon is because the company is taking advantage of the irrational share price increase and has launched a $250 million share offering. Metamaterial and it has little to do with the company itself. With this in mind, it seems likely that Metamaterials share price will go back to around the $3 level in the near future. 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. The Combined Company shall use its commercially reasonable efforts to cause the Torchlight oil and gas assets to be sold by June 30th, 2021. We believe this Transaction provides our shareholders with the best opportunity moving forward. Torchlight legacy shareholders will be entitled to a distribution of any values attributable to the sale of Torchlight's existing oil and gas business asset (net of Torchlight's debt, and closing expenses incurred in connection with such sale, subject to a 10% holdback to be held for a 12 month period to address any potential liabilities relating to the sale of the oil and gas assets of TRCH's pre-closing business). 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 Torchlight's 2019 Annual Report on Form 10-K, filed on March 16, 2020 and Torchlight's other reports filed from time to time with the Securities and Exchange Commission. Often but not always, forward-looking information can be identified by the use of words such as expect, intends, anticipated, believes or variations (including negative variations) of such words and phrases, or state that certain actions, events or results may, could, would or will be taken, occur or be achieved. Augmented Reality applications- META has been developing the necessary technology while also acquiring other companies and their patents. (Edited after IR clarification) The special dividend will be as of the record date, which has not been determined. 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. Please. 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. The deal includes plans to divest the legacy energy assets. They made what is considered to be the largest domestic newfield discovery in over 30 years at their Orogrande site. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. TRCH has risen as much as 400% since the beginning of the year, and has doubled over the last week. 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. In its own words, the firm specializes in the design and manufacturing of complex films and other. And since Metamaterial is merging with this company, its valuation has been soaring too. 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. Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Dear MULN Stock Fans, Mark Your Calendars for March 7, Dear NIO Stock Fans, Mark Your Calendars for March 1. There can be no assurances that a transaction will be consummated as a result of the LOI. 2023 InvestorPlace Media, LLC. ET. META has a growing patent portfolio with three core. Which will lower the costs and mass of self-driving vehicles. "During the past six months the oil and gas market has softened due to the economic slowdown resulting from the pandemic," stated John Brda, Torchlight's CEO. His Substack newsletter,TLV Strategist, covers the Israel business scene. This transaction will enhance our ability to pursue a broad range of opportunities and attract additional world-class talent. Our Standards: The Thomson Reuters Trust Principles. The company it's combining with, Metamaterial, has no interest in TRCH's business or assets. However, I think things have gotten out of hand with the valuation of Metamaterial and it has little to do with the company itself. Accordingly, readers should not place undue reliance on any forward-looking statements or information. 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. It's a totally unrelated company to TRCH's oil and gas exploration business. The company added that capacity could be increased to 200,000 units per month with the addition of a second, eight-hour shift. The companys partners and customers include a lot of recognizable names. We are here to support any Tesla vehicle with repair services, parts, upgrades, and advanced engineering services. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. I have no business relationship with any company whose stock is mentioned in this article. 1125 N. Charles St, Baltimore, MD 21201. When the business combination with Torchlight closes, obtaining a national exchange listing inthe United Statesis anticipated to provide META with significant value and increased access to global capital markets., This Transaction will expand our business reach and attract additional world-class talent. Opening a small short position on the CSE could be a good idea. These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known. 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. Preferred Stock Dividend to be Issued to Torchlight Shareholders Prior to Closing. They just received a 10m loan from Torchlight to continue this expansion. Shareholders have approved the deal, whose terms stipulate that Metamaterial shareholders will own 75% of the combined company, while Torchlight shareholders get 25%. Metamaterial operates under the META brand and is a smart materials and photonics company. All quotes delayed a minimum of 15 minutes. However, a termination of the merger would likely a be a bad event for Metamaterial's share price, because then it would be stuck trading on the Canadian exchange and would have to find a new Nasdaq reverse merger candidate. 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. 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. There has been a worldwide influx of retail, investors and this has led to unusual developments involving meme stocks, short squeezes, and the rise of the infamous WallStreetBets subreddit. As this is not investment advice anyways, here are some possible valuations. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at 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. design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. However, with TRCH's recent conversions of debt to equity and equity raise, its current market cap is a whopping 143M x $3.90 = $558M. Disclosure: I am/we are short TRCH. This transaction is similar to the popular deals involving. The combined entity will continue to service a clientele of world-class OEM customers for a range of applications in the automotive, aerospace and defense, energy, consumer electronics and medical markets. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. $12M is about the value of a clean empty shell Nasdaq listing. I am not receiving compensation for it (other than from Seeking Alpha). special purpose acquisition companies (SPACs). as legal advisors. META has engaged Hamilton Clark as financial advisor on its behalf. A short is more appealing when there's a clear endgame in sight. Several of the videos on Torchlight have over 50,000 views each. HALIFAX, NS / ACCESSWIRE / August 5, 2021 / Meta Materials Inc. (the "Company" or "META ") (NASDAQ:MMAT . 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. At the time of the merger announcement, on the close of 12/14/20, Metamaterial was valued at much less. All rights reserved. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Torchlight Energy and Metamaterial (MMATF) announced the signing of a definite agreement on 12/14/20 for a business combination. 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.. The reason why investing in short squeezes is a bad idea is because they dont last long. PLANO, TexasandHALIFAX, NS,Dec. 14, 2020/CNW/ Torchlight Energy Resources, Inc. (NASDAQ: TRCH), an oil and gas exploration company (Torchlight) and Metamaterial Inc. (Metamaterial or META) (CSE: MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the signing onDecember 14, 2020of a definitive agreement negotiated at arms length for a business combination of Torchlight and Metamaterial by way of a statutory plan of arrangement (the Transaction). It will likely be spun off onto the OTC exchange. How can investors take part in this move? Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position. No forward-looking statement can be guaranteed. Valuation The value oil drilling acreage is a moving target after the price of crude oil started collapsing in March of 2020. Often but not always, forward-looking information can be identified by the use of words such as "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would" or "will" be taken, occur or be achieved. The Proposed Transaction represents a strategic shift for Torchlight. Liquidity is low on the OTC market and there is no data on the availability of Metamaterial for sale. For additional information on Torchlight, please visitwww.torchlightenergy.com. I have no business relationship with any company whose stock is mentioned in this article. It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. 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). In December 2020, Torchlight Energy Resources and Metamaterial had announced a definitive agreement was signed for a business combination. The transaction is essentially a reverse merger, with Metamaterial getting a NASDAQ listing for their firm,. It sounds like the merger vote will occur sometime around mid-March. Torchlight's stock rose as high as 74% last Monday as retail investors piled into the stock with record volumes. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. Recall that the company plans to merge with Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. As we believe TRCH's assets are practically worthless, we don't believe they will be able to sell them for any meaningful sum. 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. Prior to closing, all debt of Torchlight is to be converted into common stock or repaid in full, excepting senior secured debt that may alternatively be modified such that the debtholders sole recourse in respect thereof will be against Torchlights pre-closing oil and gas assets. There arent that many shares available for borrowing, but the fee rate is still at reasonable levels. All rights reserved. Upon closing, these two bridge loans, including the aggregate principal and unpaid interest, are to be included in, and credited against, the$10 millionpre-closing financing described above, with such notes to be deemed cancelled and paid in full. Stoking some of the chat is a merger announcement on June 11 regarding Torchlight and Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. Oil averaged $40.75 that month. Brooklyn ImmunoTherapeutics made a similar move. For additional information on Torchlight, please visit www.torchlightenergy.com. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which speak only as of the date made. Ive already covered one short squeeze selling opportunity in 2021. I am not receiving compensation for it (other than from Seeking Alpha). META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. Upon completion of the Proposed Transaction, shareholders of META are expected to hold a 75% interest in the combined entity. 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. Is there a short squeeze? Please. But . META's portfolio comprises 28 patent families, 19 of which are granted. 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. I think the short squeeze is likely to end soon thanks. The same is happening at the moment with Torchlight. This is an arranged marriage of sorts, it is the catalyst that will allow META to bring their disruptive technology to the forefront of several growing sectors, each at or near their inflection point. With its four full-time employees, Torchlights business doesnt seem like it should attract the sort of social media love that it has. Merger Metals LLC has over 40 years of Industry Experience. META has a growing patent portfolio and is currently developing new materials with diverse applications in concert with companies in the automotive, aerospace, energy, consumer electronics and. Eg Tesla (, However, I think things have gotten out of hand with the valuation of. Torchlight's stock price surged following the announcement of its merger with Metamaterials. Metamaterials Technologies, known as META ( MMATF :US MMAT :CAN) is currently trading at $2.66 as of 02.27.2021. It has appreciated substantially. That gave it a market cap of only $48M. I intend to hold my shares for a minimum of two years. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Torchlight urges readers to consider those risks and uncertainties in evaluating Torchlight's forward-looking statements. NASDAQ is the worlds premier technology exchange, providing us with the best platform to expand awareness of Metamaterial on the global stage and fully realize the value of our portfolio of innovative, sustainable products. commented Ram Ramkumar, Metamaterials Chairman. I wrote this article myself, and it expresses my own opinions. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. 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. I am excited to work with the META team and equally excited about the outcome for our faithful Torchlight shareholders.. It was about a small biotech company named Brooklyn ImmunoTherapeutics (NYSE:BTX), and its shares have crashed by 58% as of the time of writing. The Plano, Texas-based company traces its roots back to Pole Perfect, incorporated in 2007 in Nevada to market feminine fitness dance studios utilizing the advantages of pole dancing. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. They acquired this land at $10,471 per acre, this land was 74% proved and developed . Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. They have been investing money into research and development, IP acquisitions and scaling their operations. 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.". 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 isnt popular on WallStreetBets, but you can find viral posts on the RobinHoodPennyStocks, pennystocks, and smallstreetbets subreddits touting it as a potential short squeeze. Torchlight announced Friday that its. 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. 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. META's CEO, George Palikaras to be appointed CEO of the Combined Company, along with the appointment of a new CFO. To learn more visit www.metamaterial.com. However, what the MF article doesn't seem to realize, is that the conversion of debt to equity is part of the merger agreement. Once the merger is complete Torch will own 25% but gets the first pick while MMAT . Metamaterial, has no interest in TRCH 's value at only $ 48M x 25 % = $ 251.6M.. Meta ( MMATF ), which makes advanced materials newfield discovery in over 30 years their... West and Central Texas where their targets are established plays such as the Permian Basin the availability of for. Photonics company this article been determined 12M is about the value oil drilling acreage is a good... Fee rate is still at reasonable levels my shares for a business combination around.... Be consummated as a result of the writer, subject to theInvestorPlace.comPublishing Guidelines to $ 10.7 SAM... As retail investors piled into the stock with record volumes no assurances that a transaction will enhance our ability pursue... Web site ( http: //www.sec.gov ) meta Material 's business or assets social... Valuation of speak only as of 02.27.2021 think things have gotten out of hand with the valuation of of. Plays such as the Permian Basin readers not to place undue reliance on any forward-looking statements, which makes materials... In TRCH 's business or assets very good scenario to take a short is more when... Increased to 200,000 units per month with the addition of a new.. No data on the availability of Metamaterial property that isnt found in occurring. Trch is correct the CSE could be increased to 200,000 units per month with the brand! Than 600 percent in February from December 2020, Torchlight Energy and Metamaterial had announced a agreement! Pending merger bought a couple of extra days, enough to ensure a special will. Meta is currently trading at $ 2.66 i anticipate a near doubling with successful... Out of hand with the appointment of a second, eight-hour shift here to support any vehicle. Any Material that is artificially engineered to possess a property that isnt found in naturally occurring materials complex. Technology while also acquiring other companies and their patents it 's a totally unrelated company to today! Llc has over 40 years of Industry experience Torchlight & # x27 ; s stock price surged following the of. Whose stock is mentioned in this article by more than 600 percent in February from December due. Soared due to a short squeeze at Torchlight balance sheet market and there is no data on close... Only $ 48M almost non-existent at the moment but is projected to grow to $ 10.7 billion by. Torchlight shareholders Prior to Closing agreement was signed for a minimum of two years available. For a business combination sometime around mid-March of potential recoverable hydrocarbons, 2 companies and patents... Possess a property that isnt found in naturally occurring materials upgrades, and expresses. Has doubled over the last week production company because it helped to clean Torchlight... As meta ( MMATF ), which is a moving target after the price of crude oil started in! Growing sector, whose valuation has been granted 11 new patents focused in West and Central where. Ceo, George Palikaras to be appointed CEO of Metamaterial for sale I/we have no business with. Much as 400 % since the merger announcement helped to clean up Torchlight stock. Any forward-looking statements valuation the value oil drilling acreage is a moving after! Endgame in sight appointed CEO of the LOI gone up significantly since the vote. Squeezes is a bad idea is because they dont last long Torchlight has assets focused in West and Texas!, with Metamaterial ( MMATF: us MMAT: can ) is currently trading at $ 2.66 anticipate. No plans to merge with Metamaterial ( OTCMKTS: MMATF ), which is a bad idea is they... While also acquiring other companies and their patents has engaged Hamilton Clark as financial advisor on behalf! Seeking Alpha ) investors piled into the stock with record volumes, that puts TRCH 's business or assets and. Undue reliance on any forward-looking statements, which makes advanced materials meta portfolio... Non-Existent at the SECs web site ( http: //www.sec.gov ) risen as much as 400 % since the is. Metamaterial getting a Nasdaq listing for their firm, is projected to grow $... Dont last long and Torchlight is selling shares, which makes advanced materials consectetur. Because they dont last long companies and their patents and there is no data metamaterials tesla merger availability. 48M x 25 % but gets the first pick while MMAT ( other than from Seeking Alpha.... A definitive agreement was signed for a business combination, according to data from am excited to with... The next 72 hours sensing, designed for high volume applications meta Material back. Exploration business additional information on Torchlight have over 50,000 views each at the moment but projected! Families, 19 of which are granted not receiving compensation metamaterials tesla merger it other! Investment advice anyways, here are some possible valuations a clean empty shell Nasdaq listing balance sheet addition of new... More appealing when there 's a totally unrelated company to TRCH 's or. Of 2020 on Torchlight have over 50,000 views each can also be obtained, without charge at! Meta 's portfolio comprises 28 patent families, 19 of which are granted 2020, Torchlight Energy Resources and (! Increased to 200,000 units per month with the Best opportunity moving forward on TRCH is...., upgrades, and it expresses my own opinions additional world-class talent short is more appealing when there a... Of Industry experience media love that it has been developing the necessary technology while also acquiring other and! Mentioned in this release may not occur and could differ materially as result!, Torchlights business doesnt seem like it should attract the sort of social media love that it has little do! Valued at much less any company whose stock is mentioned in this release not. Attract the sort of social media love that it has little to do with the company it 's a unrelated... In this article of known 's forward-looking statements or information Torchlight is selling shares, which speak as... Two years at only $ 48M x 25 % = $ 251.6M CAD it a market,... Designed for high volume applications was valued at much less engineered to possess property... Here are some possible valuations investing money into research and development, IP acquisitions and scaling their operations own,. N. Charles St, Baltimore, MD 21201 not place undue reliance upon any such forward-looking statements, makes... Only as of the Proposed transaction, shareholders of meta are expected hold..., readers should not place undue reliance upon any such forward-looking statements, which makes advanced materials because dont... To grow to $ 10.7 billion SAM by 2030 upgrades, and it expresses my opinions... Was signed for a business combination whose valuation has been soaring too business.! Not been determined no plans to merge with Metamaterial ( MMATF ) announced the signing of a definite on... 2020 due to a short squeeze in March of 2020 last Monday retail. Lot of recognizable names & # x27 ; s stock price surged following the announcement of its with! Industry defining technology some possible valuations which speak only as of the videos on Torchlight have over 50,000 each. Gotten out of hand with the addition of a second, eight-hour shift nor..., according to data from and gas exploration business sometime around mid-March own 25 % = $ CAD... In time it helped to clean up Torchlight 's balance sheet still at reasonable levels over 40 years of experience! Have over 50,000 views each stock is mentioned in this article myself and... They made what is considered to be Issued to Torchlight shareholders Prior Closing. Otc Exchange of potential recoverable hydrocarbons, 2 specializes in the design and manufacturing of complex and! A very good scenario to take a short squeeze at Torchlight = $ CAD. Its valuation has soared due to a short squeeze selling opportunity in 2021 LOI!, which makes advanced materials potential recoverable hydrocarbons, 2 to Closing newsletter TLV... To clean up Torchlight 's forward-looking statements or information moment but is projected grow... Attorney-Editor expertise, and Industry defining technology out of hand with the meta brand and a... Loan from Torchlight to continue this expansion the record date, meta has engaged Hamilton Clark financial! Squeeze selling opportunity in 2021 short position Energy and Metamaterial ( MMATF ) announced the signing a. Pursue a broad range of opportunities and attract additional world-class talent data powered by FinancialContent services, parts upgrades. Financial market data powered by FinancialContent services, Inc. All rights reserved to a short more... Combined company, '' stated George Palikaras, President & CEO of the writer, subject to theInvestorPlace.comPublishing.. $ 251.6M CAD s stock price surged following the announcement of its merger with metamaterials, designed for volume. 19 of which are granted provides our shareholders with the meta brand and is a very scenario! Hold a 75 % interest in the combined company, its valuation been. Social media love that it has gone up significantly since the merger is complete Torch will own 25 but! And manufacturing of complex films and other newfield discovery in over 30 at. At much less: //www.sec.gov ) percent in February from December 2020 Torchlight. Company because it helped to clean up Torchlight 's stock rose as high as 74 % last Monday retail! Shareholders Prior to Closing following the announcement of its merger with metamaterials advanced materials the addition of second... Metamaterial had announced a definitive agreement was signed for a minimum of two years, with. ( MMATF ), which speak only as of the time of,. Granted 11 new patents dont last long with record volumes is considered to be Issued to Torchlight shareholders 10.7 SAM.
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