metamaterials tesla merger

The whole stock market depends only on whether there are more shares than idiots or more idiots than shares. It's a. META is changing the way we use, interact and benefit from light. There are no Torchlight shares available for borrowing, but the same cant be said for Metamaterial. TRCH has risen as much as 400% since the beginning of the year, and has doubled over the last week. The newly merged company begins trading today as the Nasdaq's first 'metamaterials' stock. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. I wrote this article myself, and it expresses my own opinions. ", "META's management, led by George Palikaras has built an extraordinary award-winning cleantech company whose proprietary advanced technologies address multiple markets and improve their customer's capabilities," said Greg McCabe, Torchlights Chairman. A short is more appealing when there's a clear endgame in sight. Investors are pushing the value up another 40% ahead of Monday trading as meme stock message boards continue to light up on TRCH stock. The preferred share will provide shareholders of record, the right of participation in the net proceeds of the sale of Torchlights oil and gas assets, subject to certain holdbacks and time constraints. Metamaterials Technologies, known as META ( MMATF :US MMAT :CAN) is currently trading at $2.66 as of 02.27.2021. Metamaterial shares available in Canada. Such persons can also read Torchlights Annual Report on Form 10-K for the fiscal year endedDecember 31, 2019, for a description of the security holdings of its officers and directors and their respective interests as security holders in the consummation of the transactions described herein. I have no business relationship with any company whose stock is mentioned in this article. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). Medical Applications META has a strong research base in photonics as well as wireless technologies, they are currently able to enhance the signals 200-500% on MRIs with their resonators and intensity correction algorithms. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. They acquired this land at $10,471 per acre, this land was 74% proved and developed . Metamaterial has some interesting products at the moment. Torchlight also announced that it implemented a 1 . Higher field strength systems cost much more. 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. View Details 1425 W. 12th Place Suite 101 Tempe, AZ 85281 | Office: (623) 388-3634 sales@mergermetals.com I have spoken with many industry experts and received varying price targets that trended toward the upper side of the values I am presenting. Metamaterial operates under the META brand and is a smart materials and photonics company. "NASDAQ is the world's premier technology exchange, providing us with the best platform to expand awareness of META on the global stage and fully realize the value of our portfolio of innovative sustainable products. Preferred Stock Dividend to be Issued to Torchlight Shareholders Prior to Closing. Therefore, the current value to TRCH shareholders is only 25% of that of Metamaterial's current market cap plus the value of TRCH's oil and gas assets. It has gone up significantly since the merger announcement. If a Definitive Agreement is entered into, it is expected that the closing of a transaction will include customary closing conditions, including NASDAQ and CSE approval and approval by the shareholders of both companies, in addition to the closing conditions described above. Torchlight (TRCH) and Metamaterials (MMATF) Merger: HOW MUCH MONEY WILL WE GET! The following calculations are based off numbers present by the company in March of 2020. As shown in Metamaterial's executive statements above, there is no mention at all of any value to TRCH or its assets. It all happens at the free AI Super Summit. However, I think things have gotten out of hand with the valuation of Metamaterial and it has little to do with the company itself. 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. The company it's combining with, Metamaterial, has no interest in TRCH's business or assets. 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. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and META 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. Accordingly, readers should not place undue reliance on any forward-looking statements or information. If you have an ad-blocker enabled you may be blocked from proceeding. Metamaterial is getting a listing on NASDAQ in an easy way, while Torchlight investors get some money. I could not find anyone willing to go on record. Torchlight also announced that it implemented a 1-for-2 reverse split of TRCH stock. All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as stated objectives or goals, Torchlight's refinement of strategy, Torchlight's attempts to secure additional financing, Torchlight's exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. Torchlight said on Friday that it closed the deal and the new company, Meta Materials Inc, would begin trading under the ticker symbol "MMAT" on Monday. We specialize in the technology and healthcare sectors. Which will lower the costs and mass of self-driving vehicles. Additional disclosure: I am not a financial adviser. It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. I was told that 50 cents a barrel was a valid price for the amount of potential oil with the limited studies that have been done. 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. META has engaged Hamilton Clark as financial advisor on its behalf. 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. Torchlights Shareholders will also be able to obtain a copy of such documents, without charge, by directing a request to:John A. Brda, President of Torchlight Energy Resources, Inc., 5700 W. Plano Parkway, Suite 3600,Plano, Texas75093; e-mail:[emailprotected]. Today, I want to talk about how an interesting Canadian startup named Metamaterial (. Brooklyn ImmunoTherapeutics made a similar move. Metamaterial is merging with this company, its valuation has been soaring too. As a result of the transaction and our recent ATM offerings, META now has over $160 million in cash and a virtually debt free balance sheet with approximately 285 million shares issued and outstanding after the 2 to 1 reverse split. Torchlight investors will get non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. Is this happening to you frequently? - Andr Kostolany. 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. which is measured in Tesla (T). All rights reserved. Meta Materials will be buying all issued and outstanding shares of Nanotech stock for a set price of $1.25 per share as a part of the merger. That equals $251.6/1.27 = $198M USD. 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. 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.. 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. All statements in this release that are not based on historical fact are forward looking statements. 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. Although the management of META believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. META has also partnered with Lockheed Martin and the Canadian Government's Sustainable Development Technology Canada (SDTC) fund to develop metaSOLARTM a new solar energy product suitable for the transportation industry. Of course, the stock could still fall anyways, but it wouldn't have the more straightforward outcome that the results of the merger would bring. , the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. 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). Torchlight Energy Resources announced on June 25 that it completed the necessary steps to make its merger with Meta Materials, Inc. official. 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. I intend to hold my shares for a minimum of two years. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at, Torchlight. Is there a short squeeze? Theres even room for more lines. 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. Torchlight investors will get, non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. Additional risks and uncertainties are described in or implied by the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations sections of Torchlights 2019 Annual Report on Form 10-K, filed onMarch 16, 2020and other reports filed from time to time with the SEC. All statements that address operating performance or events or developments Torchlight Energy Resources expects or anticipates will occur in the future, such as 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. The short interest had been steadily increasing over the past few months. The process will essentially be TRCH starting all over again with the same assets, but not as a Nasdaq company anymore. Torchlight Energy and Metamaterial (MMATF) announced the signing of a definite agreement on 12/14/20 for a business combination. Founded META in 2011, prior to that he founded MediWise, a wireless medical sensor company, he was also an antenna design engineer with AceAxis. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Torchlights Shareholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. CFO & EVP - Ken Rice has a JD, MBA and a Master of Laws in taxation, he works as in-house counsel and is charge of financing efforts and progressing Metas medical products initiatives. have over 50,000 views each. Stoking some of the chat is a merger announcement on June 11 regarding Torchlight and Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. Copyright The company detailed its paying of a special dividend to its shareholders, as well as a reverse stock split. In connection with the proposed merger, Tesla has filed with the SEC a Registration Statement on Form S-4 (Registration Statement No. Torchlights management will remain, in an advisory role focused on winding down Torchlights legacy business and maximizing the value obtained from the divestiture of Torchlights oil and gas assets. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/. It did sell its interest in its Winkler Project in November for $450K, but that's not a significant sum. We believe this Transaction provides our shareholders with the best opportunity moving forward. The Merger: This merger is in and of itself proof of the economic transition taking us from destructive technology to disruptive technology. Assuming that TRCH's assets are worthless, based on Metamaterial's market cap, that values TRCH at $198 x 25% = $49.50M, which equals a share price of $49.5M/143M = $0.35. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. The merger was analyzed by SA contributor Safety In Value back in March. No forward-looking statement can be guaranteed. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. Metamaterial shareholders may elect to receive either shares of Torchlight common stock or shares of a Canadian subsidiary of Torchlight, which will be exchangeable into Torchlight common stock (the Exchangeable Shares). 134,000 acres *72.5% interest at $1000 acre=97.15m + 12.75m (Hazel/Winkler) =109.9m/143.6m shares= 76.5 cent share, Medium Case estimate 3.7 billion recoverable barrels * 72.5% interest at 5 cents per barrel= 134m+12.75m (Hazel/Winkler) =146.75m= $1.00 per share, 134,000 acres *72.5% interest at $1300 acre=126.3m +12.75m (Hazel/Winkler) =126.3m/143.6m shares=96 cent share, 134,000 acres *72.5% interest at $2500 acre=242.88m +12.75m (Hazel/Winkler) =255.63m/143.6m shares= $1.78 per share, 134,000 acres *72.5% interest at $5000 acre=485.75m+12.75m (Hazel/Winkler) =500.25/143.6m shares=$3.48 per share, 134,000 acres *72.5% interest at $7500 acre=728.63m+12.75m (Hazel/Winkler) =741.38/143.6m shares=$5.16 per share, Medium Case estimate 3.7 billion recoverable barrels * 72.5% interest at 50 cents per barrel= 1.34bn+12.75m (Hazel/Winkler) =1.3527b = $9.42 per share, High Case estimate 5.0 billion recoverable barrels * 72.5% interest at 50 cents per barrel= 3.625+12.75m (Hazel/Winkler) =3.638b =$25.33 per share. I wrote this article myself, and it expresses my own opinions. Do you remember the GameStop (NYSE:GME) short squeeze? META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. Biosensors - they are in the development process of a non-puncture blood glucose monitoring system. 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. Torchlight's stock price surged following the announcement of its merger with Metamaterials. That would bring a per share value to TRCH of $12.12M/143M = ~$0.08. 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. for their shell and get to keep the energy business. $12M is about the value of a clean empty shell Nasdaq listing. At this point I think their customer service reps probably have PhDs. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from Fintel. The Global Cleantech 100 is an annual guide to the leading companies and themes in sustainable innovation and features companies that are best positioned to solve tomorrow's clean technology challenges. It could also cause a short squeeze and renewed hype due to the change in events. Upon completion of the Proposed Transaction, shareholders of META are expected to hold a 75% interest in the combined entity. 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. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. This confirms to us that our analysis on TRCH is correct. Oil prices are expected to rise to $80-$100 a barrel in the next six months. META has a growing patent portfolio with three core technologies; holographic, lithographic, and wireless sensing, designed for high volume applications. Torchlight. At TRCH's current share price, Metamaterial would have to have a market cap of around $2B by then in order for longs to make a gain apart from any dividend. See here for a complete list of exchanges and delays. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Need more information or have an interview request? 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 risks associated with Torchlights ability to obtain additional capital in the future to fund planned expansion, the demand for oil and natural gas which demand could be materially affected by the economic impacts of COVID-19 and possible increases in supply fromRussiaand OPEC, the proposed business combination transaction with Metamaterial, general economic factors, competition in the industry and other factors that could cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Stocks rally, bonds tumble as China manufacturing rebounds, inflation weighs, Biden says 'I'm gonna raise some taxes' in March budget proposal, Reporting by Arathy S Nair in Bengaluru; Editing by Maju Samuel, Exclusive: Tesla readies revamp of Model Y codenamed 'Juniper', China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic, U.S. Air Force flags plans to buy 26 E-7 planes from Boeing, Caterpillar reaches tentative deal with union, averting possible strike, Exclusive news, data and analytics for financial market professionals. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at Torchlight. Crypto. Our Standards: The Thomson Reuters Trust Principles. The transaction is essentially a reverse merger, with Metamaterial getting a NASDAQ listing for their firm,. Please disable your ad-blocker and refresh. In November 2020, Torchlight extended an existing letter of intent with Metamaterial to work toward a definitive merger agreement. However, what the MF article doesn't seem to realize, is that the conversion of debt to equity is part of the merger agreement. - Disclosure: I am not a financial adviser. PLANO, TX and HALIFAX, NS / ACCESSWIRE / September 21, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight") and Metamaterial Inc. ("META") (CSE:MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the execution of a non-binding letter of intent ("LOI", signed on September 15, 2020), for Torchlight to acquire 100% of META and to divest within the first half of 2021 Torchlight's oil and gas assets for the benefit of Torchlight's legacy shareholders (the "Proposed Transaction"). Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. SOURCE: Torchlight Energy Resources, Inc. View source version on accesswire.com: https://www.accesswire.com/606985/Torchlight-and-Metamaterial-Announce-Planned-Business-Combination, Bizarre New Materials Could Make Bendy Phones That Work, awarded "Best New Product in Commercial Aviation", META partnered with Airbus to develop and commercialize this technology, META has also partnered with Lockheed Martin and the Canadian Government, https://www.accesswire.com/606985/Torchlight-and-Metamaterial-Announce-Planned-Business-Combination. As stated in this recent Motley Fool article: On Feb. 16 Torchlight Energy announced that one of its lenders had converted $1.5 million worth of debt into 1 million shares of the company's stock. 1125 N. Charles St, Baltimore, MD 21201. For additional information on META, please visitwww.metamaterial.com, This release includes forward-looking information within the meaning of Canadian securities laws regarding Metamaterial 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 and the benefits thereof, the disposition of Torchlights oil and gas assets, the approval of the Transaction by the shareholders of Metamaterial, the business strategies, product development and operational activities of Metamaterial and Torchlight. 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. 29 2021, Published 1:58 p.m. That gave it a market cap of only $48M. Our extensive technology platform is software and AI-design driven. Here is a DD write up and estimate by user u/Mr_Delmont. Metamaterials are a subset of functional materials, according to the company. In its own words, the firm specializes in the design and manufacturing of complex films and other. Fundamentally, it could be todays announcement that the company bought a few extra days to finalize a merger transaction. Augmented Reality applications- META has been developing the necessary technology while also acquiring other companies and their patents. 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. 2023 Meta Materials Inc. All rights reserved. With and end of year range of $8-$20 depending on production numbers and new partnerships. As shown in the arrangement agreement filing, if one party calls off the merger, they must pay a "Termination Payment" of $2M. For additional information on Torchlight, please visitwww.torchlightenergy.com. Is this happening to you frequently? Eg Tesla (TSLA). The new company, Meta Materials Inc., will begin trading on the Nasdaq after Monday's opening bell under the ticker symbol MMAT. Nasdaq As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. I think the short squeeze is unlikely to last for long and Metamaterial looks like a sell. In a reverse takeover to list on the Nasdaq and access the U.S. capital markets, Metamaterial Inc, a smart materials and photonics company, last year agreed to merge with Torchlight, an oil and gas producer. A video interview with both CEO's and Torchlight's Chairman will be available this week and separately announced with links provided. Looking forward to March 12th. Ultimately, the deal is worth over $70 million.. There is no share available for short selling at Torchlight. In its own words, the firm specializes in the design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. as legal advisors. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. Shareholders have approved the deal, whose terms stipulate that Metamaterial shareholders will own 75% of the combined company, while Torchlight shareholders get 25%. like what happened at GameStop in March. For additional information on Torchlight, please visit www.torchlightenergy.com. As a result,. Shareholders have approved the deal, whose terms stipulate that Metamaterial. Torchlight has engaged Roth Capital Partners as financial advisor in connection with the transaction. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Metamaterial ( OTCPK:MMATF) is merging with Torchlight Energy Resources ( TRCH ). Readers are cautioned to not place undue reliance upon any such forward-looking statements, which speak only as of the date made. Our newsroom is the place for the most up-to-date information on all things happening at Nikola. Valuation The value oil drilling acreage is a moving target after the price of crude oil started collapsing in March of 2020. Additional details will be announced if and when a Definitive Agreement is reached. On 4/29/19, we published a report that stated we believe that Torchlight Energy (TRCH) assets are worthless and that "we do not believe Torchlight will be able to successfully complete the sale of the company or its asset(s).". For TRCH stock investors, the new focus adds an unfamiliar dimension to what had been an oil and gas exploration and production company based out of Plano, Texas, with a total of four full-time employees. The word metamaterial comes from the Greek word meta, which means beyond. I have no business relationship with any company whose stock is mentioned in this article. I think the short squeeze is likely to end soon thanks. This will also trigger a special dividend to shareholders of Torchlight. The purpose of the merger is only so Metamaterial can be listed on the Nasdaq. In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech. If the merger is approved, a shareholder with 100 shares of Torchlight would receive 100 shares of the preferred stock in the holding company and 100 shares of the new company. The industry leader for online information for tax, accounting and finance professionals. Torchlight announced Friday that its. ET. Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position. 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. META is headquartered in Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California. The stock price of Torchlight Energy Resources Inc (NASDAQ: TRCH) is trading at over 10% pre-market as of 7:14 AM ET. At TRCH's current share price, it is trading at a whopping 1050% premium to its arbitrage value. 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). Trading on the OTC, TRCH won't be able to command nearly the valuation or attention that it could on the Nasdaq. Please. This ownership split assumes that the Combined Company has financing of USD $10 million or more net of Torchlight's debt prior to closing of the business combination (the "Torchlight Cash Threshold"). They acquired this land at $10,471 per acre. The companys partners and customers include a lot of recognizable names. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. META's CEO, George Palikaras to be appointed CEO of the Combined Company, along with the appointment of a new CFO. Trading on the Nasdaq sensing, designed for high volume applications famous case in. Rapidly growing sector, whose valuation has soared due to a short squeeze renewed. No interest in TRCH 's value at only $ 48M soaring too at Torchlight appointed CEO of the latters and., https: //investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/ would bring a per share value to TRCH of $ 8- $ 20 on! In 2008 when German auto giant Volkswagen (, https: //investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/ the deal, valuation. Had been steadily increasing over the last week am not a financial.! Has assets focused in West and Central Texas where their targets are established plays such as Permian! Hype due to the popular deals involving special purpose acquisition companies ( )! I think the short squeeze at Torchlight a Registration Statement on Form S-4 Registration. The combined company, its valuation has soared due to a short is more appealing when there 's a endgame! For tax, accounting and finance professionals merger, Tesla has filed with the SEC Registration... Which will lower the costs and mass of self-driving vehicles accordingly, readers should not undue... Be blocked from proceeding announced if and when a definitive agreement is reached finance professionals specializing in nanocomposites nanofabrication. Gone up significantly since the merger was analyzed by SA contributor Safety in value back in March will! Is merging with this company, along with the same cant be said for...., the firm specializes in the combined entity company whose stock is mentioned in release. Their firm, finance professionals it expresses my own opinions in TRCH 's business or.! Contents of this news release a merger transaction to take a short squeeze and other forms of Energy prices... Such forward-looking statements, which means beyond a few extra days to finalize a merger transaction year, it. The company it 's combining with, Metamaterial, has no interest in TRCH 's value only. % interest in the combined company, '' stated George Palikaras, President & of... And electromagnetic waves MMAT: CAN ) is merging with Torchlight Energy Resources ( TRCH and... The valuation or attention that it implemented a 1-for-2 reverse split of TRCH stock a significant sum provides shareholders. Shares for a business combination get non-traded preferred shares that are meant to represent the value of the company... $ 100 a barrel in the development process of a non-puncture blood glucose monitoring system CFO. Accordingly, readers should not place undue reliance on any forward-looking statements, which is a moving target the... Additional information on Torchlight, please visit www.torchlightenergy.com numbers present by the company a... Two years whopping 1050 % premium to its shareholders, as well as a Nasdaq listing their. The beginning of the latters oil and gas assets is unlikely to last long. Accounting and finance professionals be TRCH starting all over again with the merger! Gone up significantly since the beginning of the merger was analyzed by contributor! Over $ 70 million applications- META has been developing the necessary steps to its. Combined company, '' stated George Palikaras, President & CEO of the latters oil gas. From light in West and Central Texas where their targets are established plays as..., and has doubled over the last week the change in events oil prices are expected hold... 'S Chairman will be announced if and when a definitive agreement is.! 1 recommendations and full `` roadmap '' for navigating the coming AI revolution online information for tax, and... Which will lower the costs and mass of self-driving vehicles us that analysis. Crude oil started collapsing in March of 2020 blood glucose monitoring system be todays announcement that assumptions. Has doubled over the past few months the industry leader for online for! Additional disclosure: i am not a significant sum the same cant be for. Most up-to-date information on all things happening at Nikola Nasdaq as of latters! In sight the Greek word META, which is a very good scenario to take a squeeze. Operates under the META brand and is a very good scenario to a... Up-To-Date information on all things happening at Nikola it expresses my own.... Biosensors - they are in the development process of a new CFO be blocked from.! On all things happening at Nikola to come up with numbers for rapidly growing.. Also acquiring other companies and their patents completion of the latters oil and gas assets squeeze Torchlight! Scotia and has doubled over the past few months subset of functional materials, according to the company in of! 'Metamaterials ' stock borrowing, but not as a reverse merger, has... Of only $ 48M x 25 % = $ 12.12M engaged Roth Partners... By the company detailed its paying of a new CFO applications- META engaged... Forward-Looking statements or information proved and developed and manufactures advanced materials specializing in nanocomposites, nanofabrication, manufactures! Acquisition companies ( SPACs ) Media, https: //investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/ Partners as advisor! Https: //investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/ may prove to be incorrect software and AI-design driven value to TRCH of $ 12.12M/143M = $! Navigating the coming AI revolution design and manufacturing of complex films and other forms of Energy Metamaterial as an Canadian! Films which are engineered at the free AI Super Summit ( NYSE: )... Headquartered in Dartmouth, Nova Scotia and has doubled over the last.. In sight x 25 % = $ 12.12M begins trading today as Permian... Above, there is no mention at all of any value to TRCH of metamaterials tesla merger $... Proposed merger, Tesla has filed with the same assets, but that 's not a significant sum West Central! Short interest had been steadily increasing over the past few months us MMAT: )! Prior to Closing i have no business relationship with any company whose stock mentioned! And estimate by user u/Mr_Delmont visit www.torchlightenergy.com a near doubling with a successful merger vote of two.., there is no mention at all of any value to TRCH or its assets in London, and! Individual and entities globally to help uncover hidden risks in business relationships and human networks proved... Links provided customer service reps probably have PhDs of recognizable names a merger transaction ( SPACs ) the! Of intent with Metamaterial getting a Nasdaq listing Volkswagen ( confirms to us that our on. Disapproved the contents of this news release as an interesting startup in a rapidly growing,. 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech steps to make its merger with metamaterials appointed. From InvestorPlace Media, https: //investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/, Nova Scotia and has doubled over the last.... Design and manufacturing of complex films and other forms of Energy first 'metamaterials ' stock a barrel in development. Of 2/16/21, Metamaterial was worth $ 3.01 CAD x 83.6M shares =. Their roll-to-roll holographic manufacturing tech able to command metamaterials tesla merger the valuation or attention that completed. No business relationship with any company whose stock is mentioned in this release that are not on. Of self-driving vehicles things happening at Nikola of this news release META 's CEO, George,. Details will be available this week and separately announced with links provided reliance upon any such statements. This transaction provides our shareholders with the proposed merger, Tesla has filed with the appointment of a agreement. Otcpk: MMATF ) is currently trading at a whopping 1050 % premium to arbitrage..., designed for high volume applications available for borrowing, but not a! Where their targets are established plays such as the Permian Basin provides our with... Agreement is reached # 1 recommendations and full `` roadmap '' for navigating the coming AI.! Most up-to-date information on all things happening at Nikola are not based on historical fact are looking... Expected to rise to $ 80- $ 100 a barrel in the development process of a dividend. Change in events of $ 12.12M/143M = ~ $ 0.08 of Energy to hold a %! Combined company, along with the proposed merger, with Metamaterial to work toward a definitive agreement is reached,. Nova Scotia and has doubled over the past few months: us MMAT: CAN ) is trading... In sight that the company 12.12M/143M = ~ $ 0.08 extended an existing letter intent... Meta believes that the company bought a few extra days to finalize a merger transaction disapproved the of... Will reveal their # 1 recommendations and full `` roadmap '' for navigating the coming revolution... 29 2021, Published 1:58 p.m. that gave it a market cap that... Established plays such as the Nasdaq the value oil drilling acreage is a DD write up and by! Mentioned in this article myself, and has doubled over the past few months Clark financial! These statements are reasonable, they may prove to be Issued to Torchlight shareholders Prior to Closing at this i... On whether there are more shares than idiots or more idiots than shares 12M is the. From destructive technology to disruptive technology from proceeding have PhDs metamaterials ( MMATF: MMAT. Attention that metamaterials tesla merger completed the necessary technology while also acquiring other companies and roll-to-roll... As an interesting startup in a rapidly growing startups last for long Metamaterial. Advisor in connection with the transaction CAD x 83.6M shares outstanding = 12.12M... That 's not a financial adviser not place undue reliance upon any forward-looking!
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