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. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. 1125 N. Charles St, Baltimore, MD 21201. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. 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. All statements in this release that are not based on historical fact are 'forward looking statements.' Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. Those who got in near or at its split-adjusted high of $10.88 per share? The total value of the companys oil and gas properties at the end of 2020 was $30.86 million. In 2021, the Company incurred costs of $14.2 million in relation to the drilling activity to maintain compliance with the lease obligations. Valor is a mineral and working interest management firm which uses a proprietary software platform owned and developed by Mineral Tech. Nasdaq Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. For investors, the most interesting part of the report might have been the line captioned Assets Held for Sale. Over the past month, its fallen from around $10 to less than $4 per share. Read More:Penny Stocks How to Profit Without Getting Scammed. 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. Email: ir@metamaterial.com. Hold off, as its sell-off is likely far from over. SOURCE: Torchlight Energy Resources, Inc. All rights reserved. It also has legacy oil and gas assets its intending to sell. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. To ensure that the Metamaterial Inc. shareholders owned the same approximate 75% after the reverse split, the exchange ratio was divided by 2, to 1.845 shares of Torchlight (which will be renamed Meta Materials Inc. as of Monday morning) for each share of Metamaterial Inc., to reflect the reverse split impact on total outstanding shares of Torchlight. 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. It all happens at the free AI Super Summit. 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. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. Biographies of each of the team members are as follows: Clifton Dubose Jr. 12 Years Experience. Copyright 2023 Surperformance. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. There are 3 levels to choose from. MMAT MMTLP Metamaterials Special Dividend. -, Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Operations, Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalmics (Form 8-K). 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#MMAt #MMTLP #milliondollarchallengeThis video is for entertainment purposes only. 2023 InvestorPlace Media, LLC. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. 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. At the time, nearly a quarter of its free float was sold short. MMAT stock is seeing heavy trading today after the merger closed. The company had sold its last reserves in November. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. These statements may be identified by words such as 'estimates,' 'anticipates,' 'projects,' 'plans,' 'strategy,' 'goal,' or 'planned,' 'seeks,' 'may,' 'might', 'will,' 'expects,' 'intends,' 'believes,' 'should,' and similar expressions, or the negative versions thereof, and which also may be identified by their context. But since the transaction completed on June 28, the oil and gas explorer turned advanced materials play has seen a big slide. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. The Company engaged an auditor on March 21, 2022 to conduct the audit. 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? The company also reported long-term lease liabilities of $1.15 million. Home; Our CV. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. MMAT News. 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. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. 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 . The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. All rights reserved. Is Meta Materials's dividend stable? Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. 'We plan to continue our efforts related to our asset divestiture to provide a positive outcome for Preferred A Stockholders as well as entering this new chapter for the combined Company. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. 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. Learn more atwww.metamaterial.com. Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Until we see further progress with its big plans, its best to stay away. Investors looking for more hot stock news today should keep reading! 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