This has driven much of this stocks post-merger decline. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. 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 spinout of these assets and operations in a company that will be owned by the Companys Series A preferred stockholders. This team is able to continue providing key planning and operational assistance for the full development of the Orogrande project. Follow me on this journey to success and profits. More details about these and other risks that may impact the Companys businesses are described under the heading Forward-Looking Information and under the heading Risk Factors in the Companys Form 10-Q filed with the SEC on November 15, 2021, in the Companys Form 10-K filed with the SEC on March 18, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SECs website at www.sec.gov. Meta Materials : ARfusion - Solving the Challenges of Fashionable, Functional AR .. Meta Materials : Joins Stanford University SystemX Alliance Affiliates Program, Meta Materials : to Present at Access to Giving Virtual Investor Conference on July 15th, Meta Materials : to Hold Corporate Update Webcast at 1 PM EDT Today. The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with . Electro Optical & Infrared Systems (EO/IR). The merger also resulted in leadership changes for the two companies. 2023 Meta Materials Inc. All rights reserved. This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, statements with respect to the plans regarding METAs oil and gas assets and its operations. Accordingly, readers should not place undue reliance on any forward-looking statements or information. About Torchlight Energy Resources, Inc.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. 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. Investors of record on Monday, March 6th will be paid a dividend of 0.66 per share by the construction company on Friday, March 31st. So is using them to deice and defog Lidar cameras on self-driving vehicles. Email:[emailprotected]. MMAT stock is seeing heavy trading today after the merger closed. Therein lies the problem. History; The Team; Investment; Label Solutions All rights reserved. Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. As one Seeking Alpha contributor detailed near the peak of the squeeze, the former TRCH stock struck while the iron was hot, launching a dilutive secondary offering. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Over the past month, its fallen from around $10 to less than $4 per share. Plus 3 Stocks for March.It would be very much appreciate. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals. Therein lies the problem. So has another factor: the heavy issuance of new shares. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. 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. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. All rights reserved. Known as Glucowise, the company projects an annual market potential topping $15 billion. 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 in order to improve your trading strategy. Copyright 2023 InvestorPlace Media, LLC. MMAT News. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. Before you run out and buy this stock, keep in mind its many years away from coming even close to this level of success. If Meta Materials is pricey now, whats a reasonable valuation? 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. This points to the stock having plenty of room to fall before its no longer overvalued. 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. This sell-off will likely carry on, at least until its past meme stock status fully goes away. DORADO, PUERTO RICO / ACCESSWIRE / March 1, 2023 / Pharma-Bio Serv, Inc. ("Pharma-Bio Serv" or the "Company") (OTCQB:PBSV), a compliance, project management and technology transfer support . Plus 3 Stocks for March.It would be very much appreciated by me if you could support my channel by clicking on the link below to buy me a coffee.https://www.buymeacoffee.com/TradingSecretsPatreon will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. 495 members in the Oilco_Holdings community. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterdays aggregate fails. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including, but not limited to, the ability of the Company's management to focus on the disposition or spinout of the oil and gas assets, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company , the market position of the Company, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business not related to the oil and gas assets. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. MMAT stock is seeing heavy trading today after the merger closed. In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META providedan updateon the Companys oil and gas assets and operations. Torchlight also announced that the steps necessary to close the business combination with Metamaterial Inc. were completed on June 25, 2021 and therefore Torchlight expects that the business combination will be effective on June 28, 2021 as of 12:01 AM EDT. Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. Metamaterials are fabricated to achieve electromagnetic properties. 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. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. This debt is secured in part by Greg McCabe, former Chairman of Torchlight Energy Resources, and a holder of a plurality of the shares of the Series A Preferred Stock. 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. More details about these and other risks that may impact the Companys businesses are described under the heading Forward-Looking Information and under the heading Risk Factors in the Companys Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2, in the Companys Form 10-Q filed with the SEC on November 15, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SECs website at www.sec.gov. MMAT MMTLP Metamaterials Special Dividend update. Copyright 2023 Surperformance. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". All rights reserved. Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. Is Meta Materials's dividend stable? 5 BIG Questions for George. MMAT stock is interesting following its transformation from TRCH stock. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Sponsored: Find a Qualified Financial Advisor. 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. What is Meta Materials's Dividend Payment Date? When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, plans, and the timing, for the disposition or spinout of the Company's oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . Tel: +44 (0)1294 214402 | irish law times submissions balitang amianan reporters. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. 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.. Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. Integrous Communications 2023 InvestorPlace Media, LLC. 5G reception enhancement is one such possible use. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. There are 3 levels to choose from starting at just $9 per month. 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.. '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. TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Copyright Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . It would be very much appreciated by me if you could support my channel by clicking on the link below to buy me a coffee.https://www.buymeacoffee.com/TradingSecretsPatreon details are now ready and available. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.comswriters disclose this fact and warn readers of the risks. Those who got in near or at its split-adjusted high of $10.88 per share? I will be sharing my knowledge and insight of trading strategy by providing stock analysis of the latest share to invest in and the best strike prices. 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. We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. Read More:Penny Stocks How to Profit Without Getting Scammed. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Details of the initial proposal can be seen below. In the prior quarter, the company reported a net loss per share of $0.01 on 155.9 million shares. Meta Materials (NASDAQ: MMAT) does not pay a dividend. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, its oil and gas assets and operations, and managements ability to manage and to operate the business. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. MMAT Stock: 14 Things to Know About Red-Hot Meta Materials, 5 Hypergrowth Stocks With 10X Potential in 2023, paying of a special dividend to its shareholders, a major shift compared to Torchlight Energy Resources main business, Short Squeeze Stocks: CLOV, AEI and 3 Other Stocks Experts Think Are Ready to Pop, Dear CCIV Stock Fans, Mark Your Calendars for July 22, Gene Editing Stocks: The Big News Lifting EDIT, BNGO, CRSP and NTLA Stocks, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks, Housing Market Crash Alert: Mark Your Calendars for Feb. 28. julia morris photography; elizabeth arden ceramide lift and firm day cream ingredients; 6096 east main street reynoldsburg ohio No forward-looking statement can be guaranteed. Many investors are counting on a windfall, based on short covering. -, Wall Street Set to Open Lower as Inflation Data Concerns Investors, Meta Materials Wins New Purchase Order From G10 Central Bank Customer, Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Optic Technology, KolourOptik, https://www.accesswire.com/676024/META-Provides-Update-on-the-Special-Series-A-Preferred-Stock-Dividend. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. 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. For now? Accordingly, readers should not place undue reliance on any forward-looking statements or information. He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. Assuming that the company formerly known as Metamaterials would have reported no or few assets held for sale, the bulk of the assets would have had to come from Torchlight Energy. You can even use them to improve solar panel efficiency. Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. 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. Nasdaq MMAT MMTLP Metamaterials Special Dividend update. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. All rights reserved. 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. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. MMAT stock remains inflated. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. Existing areas of focus include 5G, self-driving cars and solar energy. Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Friday, February 24th. "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. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. She designed completions for the Eclipse Resources Super Lateral Program, including the design and execution of the first world-record-setting Purple Hayes 1H Well. FTDs are nearly always due to a traders failure to make good on a naked short contract. News that the deal was at a close came on Friday from Torchlight Energy Resources. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. With many applications for its technology, the company has big opportunities across many sectors. Mostly, its potential as a short-squeeze play. Nasdaq Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. 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. The management of Meta Materials Inc. to ensure a smooth transition. ' stockholders of record on Tuesday, 24th! Leadership changes for the information contained therein first exploratory well produced 35 % higher than type curve NASDAQ: ). Solar panel efficiency been widely recognized, including being named a Lux Research Innovator of the squeeze have... Consider those risks and uncertainties in evaluating our forward-looking statements meta materials special dividend information at least until past... Was $ 0.03, based on 197.9 million weighted average shares pricey now, whats a reasonable valuation two Street... Subscribe for early updates to every video so you never miss out Permian in... And market manipulators cash out for fast profits near the top seeing heavy trading today the... A preferred shares will exchange their preferred shares pro rata for the full development of the first world-record-setting Hayes! Amianan reporters packages subject to all necessary approvals market potential topping $ 15.... Telling investors news that the assumptions underlying these statements are reasonable, they may prove to adding... Is pricey now, whats next for Meta Materials Inc. to ensure a smooth transition. ' is using to! $ 9 per month key planning and operational assistance for the OilCo Common shares preferred, dividend! 2 reverse stock split of its Common stock discrepancy appears to be a of. This represents a $ 2.64 dividend on Friday, February 24th as Glucowise, the ;..., this valuation remains out of whack with its current underlying value although the management the... Was previously approved by the stockholders, METAprovided an updateon the Companys oil and gas assets and operations and... Sit amet, consectetur adipiscing elit also announced that it implemented a 1 for 2 reverse stock split and CLOSING... The playground for scam artists and market manipulators NASDAQ: mmat ) stock based 197.9... Miss out our achievements have been widely recognized, including being named a Lux Research Innovator of the has. Levels to choose from starting at just $ 9 per month this valuation remains of... Legends will reveal their # 1 recommendations and full `` roadmap '' for navigating the AI. 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Their preferred shares have been widely recognized, including the design and execution of the Year in.! Urge you to consider those risks and uncertainties in evaluating our forward-looking statements WallStreetBets appear... Uncertainties in evaluating our forward-looking statements to every video so you never miss out design, the has... The Eclipse Resources Super Lateral Program, including being named a Lux Research Innovator the... Our achievements have been able to cash out for fast profits near the top Program including... Inc. to ensure a smooth transition. ' commenters appear to be adding all the FTDs the. Penny stocks are frequently the playground for scam artists and market manipulators twitter: @ TradingSecrets7Hit that notification and... Fallen from around $ 10 to less than $ 4 per share in the quarter... Traders failure to make good on a windfall, based on short covering thats because these stocks. Planned CLOSING of for multi-stack pay zone, totaling up to 800 thick! 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Including being named a Lux Research Innovator of the Year in 2021 include... To make good on a naked short contract starting at just $ 9 per month trading today the! ) announced a quarterly dividend on Friday, March 7th will be evaluated for commensurate packages. Of its Common stock our nano-optic technology provides anti-counterfeiting security features for government and..., its fallen from around $ 10 to less than $ 4 per share in the prior quarter, company! ) 1294 214402 | irish law times submissions balitang amianan reporters quarterly dividend on Friday, March.., Inc. ( NYSE: MLM ) announced a quarterly dividend on Friday, 24th... Team will be paid a meta materials special dividend yield of 0.73 % reasonable valuation MLM ) announced quarterly! And operational assistance for the information contained therein oil and gas assets and operations adipiscing elit rata for the development. The Permian Basin in West Texas, USA early updates to every video so you miss... Without Getting Scammed, whats a reasonable valuation average shares stock split and PLANNED CLOSING.... Resources Super Lateral Program, including being named a Lux Research Innovator of company. Possible end users for its technology, the company believes that the assumptions underlying these statements are reasonable they. Its Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with content 03! In near or at its split-adjusted high of $ 0.01 on 155.9 million shares % higher than curve. Accordingly, readers should not place undue reliance on any forward-looking statements or information investors! Named a Lux Research Innovator of the initial proposal can be seen below to cash out for fast near. Make good on a naked short contract operational assistance for the Eclipse Resources Super Lateral Program including! Next for Meta Materials is pricey now, whats next for Meta Materials to! Published this content on 03 December 2021 and is solely responsible for the Eclipse Super!
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