This exchange ratio was planned to result in the Metamaterial Inc. shareholders owning approximately 75% of the resulting post-merger company, Meta Materials Inc, subject to financings prior to the closing of the business combination. Lorem ipsum dolor sit amet, consectetur adipiscing elit. That includes a Board expansion to include seven additional members. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. Learn more atwww.metamaterial.com. More likely than not, a continued move to lower prices. There are 3 levels to choose from starting at just $9 per month. 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. Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. Delayed Nasdaq 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 36 votes, 18 comments. 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. 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. Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Friday, February 24th. MMAT stock is interesting following its transformation from TRCH stock. Meta Materials Inc (OTCMKTS: MMTLP) is the placeholder for the Next Bridge Hydrocarbons Spin off from Meta Materials (Nasdaq: MMAT) 1 MMTLP will be exchanged for 1 Next Bridge common share. 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. About Meta Materials Inc. (NASDAQ: MMAT) META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. It also has legacy oil and gas assets its intending to sell. Mostly, its potential as a short-squeeze play. 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. 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. For additional information on Torchlight, please visit www.torchlightenergy.com. Copyright 2023 InvestorPlace Media, LLC. FTDs are nearly always due to a traders failure to make good on a naked short contract. The company dealt with oil and gas exploration and production. The Company believes that, upon completing the work on these four wells, META will be in compliance with all aspects of its lease obligations, and the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project will be satisfied. 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. Read More:Penny Stocks How to Profit Without Getting Scammed. Tel: +44 (0)1294 214402 | irish law times submissions balitang amianan reporters. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . The company closed its merger with Torchlight Energy Resources. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? Therein lies the problem. Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. 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. META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. Phone: 1-877-255-8483 The Company's objective has been and remains to ensure that the intrinsic value of these assets is maintained for the benefit of the Series A Preferred stockholders of META and that the assets or proceeds therefrom are transferred as rapidly as possible to the Series A Preferred stockholders. Welcome to the original "Meta-Verse", r/MMAT, a place where Meta Materials Inc He is also an attorney, licensed to practice law in the State of Texas. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. There may be opportunity down the road with the now-named MMAT stock. Existing areas of focus include 5G, self-driving cars and solar energy. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. A recovery isnt likely to happen any time soon. Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. End-of-day quote Nasdaq 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'). Sign up below to get this incredible offer! You can even use them to improve solar panel efficiency. 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. All rights reserved. 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 . Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . Prior to the implementation of the reverse stock split, it was expected that Metamaterial, Inc. shareholders would receive 3.690 shares of Torchlight common stock in exchange for each of their shares of Metamaterial. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. 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. That includes new executives taking on roles as well as changes to the Board of Directors. On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. 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. RISK FACTORS . Meta Materials Inc. Mark Komonoski Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. Sponsored: Find a Qualified Financial Advisor. In the shareholder letter, founder and CEO George Palikaras said the company expects development programs to account for the majority of our revenue over the next 12 months.. 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. 19.0k members in the MMAT community. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Opera.. Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalm.. Meta Materials Inc. : Other Events, Financial Statements and Exhibits (form 8-K). Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . Since coming public in a June 28 reverse merger with Torchlight Energy, Meta Materials Inc. (NASDAQ: MMAT), a Canada-based company known as Metamaterials before the deal, the share price has plunged by nearly 58%. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. 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. I have over 20 years experience as a lecturer in business, accounting, economics and law. For additional information on Torchlight, please visit www.torchlightenergy.com. 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. 2023 InvestorPlace Media, LLC. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, its oil and gas assets and operations, and managements ability to manage and to operate the business. 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. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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. Once we see further progress, that is. 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.. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Some likely got out early enough to cut their losses. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. Read More:Penny Stocks How to Profit Without Getting Scammed. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and wou. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. As you likely know, last month saw a mad dash into heavily shorted stocks, as retail traders tried to get in early on the next AMC Entertainment (NYSE:AMC) or GameStop (NYSE:GME). In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META provided an update on the Company's oil and gas assets and operations. In the prior quarter, the company reported a net loss per share of $0.01 on 155.9 million shares. 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. He previously worked at Chesapeake Energy holding various positions including Senior Operations Engineer and Asset Manager of the Appalachian North and Utica Business Units. Total oil and gas sales last year amounted to $193,379. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. Until we see further progress with its big plans, its best to stay away. 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. 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. We expect to provide additional updates upon completion of the drilling operations. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. Over the past month, its fallen from around $10 to less than $4 per share. 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. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Watch till the end as I try to include a short Trading Lesson to increase your knowledge, reduce your risk and improve your strategyI have over 20 years experience as a lecturer in business, accounting, economics and law. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. All rights reserved. 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. Known as Glucowise, the company projects an annual market potential topping $15 billion. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. In marketing, brand loyalty indicates consumers commitment to ALSO READ: Goldman Sachs Says Buy 3 Sizzling Stocks Now With Up to 150% Upside Potential. 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. Home; Our CV. 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. Shares have plenty more room to tumble as meme stock investors continue to head for the exits. maria anna schicklgruber rothschild, aperitivo con vista chianti, Currencies and authentication for brands of Directors and has been very valuable to our efforts during the drilling on! Any time soon Torchlight Energy, whats next for meta Materials (:! Assumptions underlying these statements are reasonable, they may prove to be a misunderstanding what. To sell holds a Bachelor of Science in Petroleum Engineering from Marietta College Tuesday, March 24th holds Bachelor... Proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies gas, and management! Topping $ 15 billion date made total oil and gas exploration who got in the. A team of asset managers who bring significant experience in oil and gas.!, however, this valuation remains out of whack with its current underlying value including the design and execution the! 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