On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. Although META 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. Although the management of META believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Torchlight also announced that it implemented a 1 . The company, which pushed back the closing of the deal to June 30, upsized its stock offering to $250 million last week from $100 million to take advantage of the share price rally. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which speak only as of the date made. This release includes forward-looking information within the meaning of Canadian securities laws regarding META and its business, which may include, but are not limited to, statements with respect to the terms and anticipated timing of the Proposed Transaction, the intention to raise equity capital, the potential continued listing on the NASDAQ, the disposition of Torchlight's oil and gas assets, the business strategies, product development and operational activities of META and Torchlight. You can view it here. 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. Our extensive technology platform is software and AI-design driven. 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. Whats behind the move? Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE SENSE! This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). The assets of Torchlight energy include three project sites, an experienced management team, access to capital, and a NASDAQ listing. It sounds like the merger vote will occur sometime around mid-March. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The same is happening at the moment with Torchlight. However, what the MF article doesn't seem to realize, is that the conversion of debt to equity is part of the merger agreement. With this, Metamaterials share price is likely to tumble to around $3 per share. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by those sections. "When the business combination with Torchlight closes, obtaining a national exchange listing in the United States is anticipated to provide META with significant value and increased access to global capital markets. About Metamaterial Inc. META is changing the way we use, interact with, and benefit from light and other forms of energy. Please disable your ad-blocker and refresh. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Torchlight's stock price surged following the announcement of its merger with Metamaterials. "We recognize the significant value in having a national exchange listing in the United States that will provide META with better access to the capital markets," commented George Palikaras, Metamaterial's President and Chief Executive Officer. No forward-looking statement can be guaranteed. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. On April 30, the company disclosed that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. And that's AFTER the merger definite agreement was announced. Perform your own due diligence and consult a financial professional before trading. and unknown risk factors and uncertainties affecting the companies, including risks regarding the ability of the parties to close the proposed transaction, the ability of the parties to raise necessary equity capital, approval of the transaction and continued listing by the NASDAQ, approval of the Canadian Securities Exchange, receipt of shareholder approval and required third party and regulatory consents, the risk that Torchlight may not be able to dispose of its oil and gas assets on favorable terms or at all, risks related to the technology industry, market strategic and operational activities, and managements ability to manage and to operate the business. 1125 N. Charles St, Baltimore, MD 21201. How can investors take part in this move? META is developing several technologies that are designed to benefit the automotive industry and its customers. Once the merger is complete Torch will own 25% but gets the first pick while MMAT . Metamaterial closed at only $0.58 on 12/14/20. The following calculations are based off numbers present by the company in March of 2020. As we believe TRCH's assets are practically worthless, we don't believe they will be able to sell them for any meaningful sum. 1125 N. Charles St, Baltimore, MD 21201. That gave it a market cap of only $48M. I wrote this article myself, and it expresses my own opinions. The Proposed Transaction represents a strategic shift for Torchlight. Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. Torchlight's stock rose as high as 74% last Monday as retail investors piled into the stock with record volumes. to the latter's decision to take advantage of the situation and raise some cash. With and end of year range of $8-$20 depending on production numbers and new partnerships. You see, Metamaterial wants to list on a large US stock exchange, and to do this, its carrying out a reverse takeover with a small NASDAQ-listed US energy company named, Torchlight. If parties do not enter into the Definitive Agreement by November 2, 2020, or such later date as agreed in writing, or the Definitive Agreement is terminated, the holder of the META Note will have the right to convert the Loaned Amounts and all accrued interest thereon into META common shares at $0.35 (CAD) per common share. Pertinent deal terms are as follows: Torchlight and Metamaterial invite all interested parties to view a webcast introduction of George Palikaras, CEO of META and an overview on META. This year is weird. I think the short squeeze is likely to end soon thanks. The company detailed its paying of a special dividend to its shareholders, as well as a reverse stock split. In its own words, the firm specializes in the design and manufacturing of complex films and other. which is measured in Tesla (T). Prior to closing, all debt of Torchlight is to be converted into common stock or repaid in full, excepting senior secured debt that may alternatively be modified such that the debtholders sole recourse in respect thereof will be against Torchlights pre-closing oil and gas assets. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties. $12M is about the value of a clean empty shell Nasdaq listing. Copyright 2023 InvestorPlace Media, LLC. 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. We predict the spin-off company will be put into an OTC stock. In 2018 META was awarded "Best New Product in Commercial Aviation" by Aviation Week Network at the 63rd Annual Laureate Awards, for metaAIR, a Laser Strike Protection solution to protect pilots from harmful laser attacks without interfering with visibility. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created by those sections. Torchlight available for borrowing. 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. From here, we believe we can now comfortably support our near and long-term growth initiatives, said Ken Rice, CFO and EVP of Meta Materials. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. It is intended to reposition Torchlight into the multi-billion-dollar Advanced Materials market1 as a global cleantech and technology leader. 2023 InvestorPlace Media, LLC. The board of Torchlight realized that their resource rich holdings were not enough to survive and thrive in the changing economy, and that a new path was necessary. Is this happening to you frequently? This will allow them to apply their embedded metamaterial and functional film elements with precision cast corrective lenses. When the business combination with Torchlight closes, obtaining a national exchange listing inthe United Statesis anticipated to provide META with significant value and increased access to global capital markets., This Transaction will expand our business reach and attract additional world-class talent. The company stated that it believes it will be positioned to capture a significant portion of this market by being able to mass manufacture, on a cost-effective basis, the required holographic optical components for the augmented reality smart glasses market. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Please. MMAT Stock: Meta Materials Hits Nasdaq as TRCH Stock Merger Closes, 5 Hypergrowth Stocks With 10X Potential in 2023, paid the special Series A Preferred Stock dividend, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. Metamaterial shares available in Canada. I wrote this article myself, and it expresses my own opinions. Shareholders have approved the deal, whose terms stipulate that Metamaterial shareholders will own 75% of the combined company, while Torchlight shareholders get 25%. Ultimately, the deal is worth over $70 million.. Additional details will be announced if and when a Definitive Agreement is reached. ET. 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. It would probably fall on this news, as it has also appreciated significantly over the last few months likely due to the anticipated merger. The reverse split became effective after market close on June 25. Recall that the company plans to merge with Metamaterial(OTCMKTS:MMATF), which makes advanced materials. 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. Holders of Exchangeable Shares will be entitled to cast votes on matters for which holders of Torchlight common stock are entitled to vote and will be entitled to receive dividends that are economically equivalent to the dividends declared by Torchlight with respect to its common stock. 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. The reason why investing in short squeezes is a bad idea is because they dont last long. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The company added that capacity could be increased to 200,000 units per month with the addition of a second, eight-hour shift. Eg Tesla (TSLA). Intellectual Ventures' metamaterials-based system has some distinct advantages: The microwave beam can be focused and redirected with relatively high efficiency, and with no moving parts. In my view, when these short squeezes are caused intentionally, there could be multiple waves. In 2020 to date, META has been granted 11 new patents. Upon completion of the Proposed Transaction, shareholders of META are expected to hold a 75% interest in the combined entity. I intend to hold my shares for a minimum of two years. It appears to only want the Nasdaq listing. Torchlight shares will be static, METAs shares will be adjusted to maintain the ratio of 75% META share ownership and 25% Torchlight share ownership. , this is what I like to see in a startup a rapidly growing market and great products and partnerships. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. I wrote this article myself, and it expresses my own opinions. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. Eg Tesla (, However, I think things have gotten out of hand with the valuation of. In November 2010, Pole Perfect bought Torchlight Energy and abandoned all of its previous business plans within the health and fitness industries before formally changing its name to Torchlight in 2011. read more. At this point I think their customer service reps probably have PhDs. A short is more appealing when there's a clear endgame in sight. TRCH shareholders will get 25% of the combined company, which at MMATF's market cap, puts TRCH's current value at 35c per share, assuming its assets are worthless. Torchlight has assets focused in West andCentral Texaswhere their targets are established plays such as the Permian Basin. Torchlight has engaged Roth Capital Partners as financial advisor and Stikeman Elliott LLP and K&L Gates LLP as legal advisors, and Metamaterial has engaged Hamilton Clark and Cormark Securities as financial advisors and Fasken Martineau DuMoulin LLP andWilson Sonsini Goodrich& Rosati P.C. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Founded META in 2011, prior to that he founded MediWise, a wireless medical sensor company, he was also an antenna design engineer with AceAxis. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from. See here for a complete list of exchanges and delays. 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. Such statements are based on the current expectations and views of future events of the management of Metamaterial and are based on assumptions and subject to risks and uncertainties. Colleran, who has previously served as CEO at ventures including Impinj and AnswerDash, said Lumotive is pursuing a step-by-step plan to catch the rising tide. Nasdaq A place to find gems and meet new friends. Whatever value TRCH's oil and gas projects end up being won't be significant in our opinion. (you can quote me on this). Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position. On that date, the company . Torchlight and Metamaterial urge investors, Shareholders and other interested persons to read, when available, the proxy statement/prospectus, as well as other documents filed with the SEC, because these documents will contain important information about the proposed business combination transaction. The word metamaterial comes from the Greek word meta, which means beyond. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and electromagnetic waves. Metamaterial has some interesting products at the moment. 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 last major purchase in the Permian Basin was in October 2020 when Conoco Phillips acquired Concho Resources in a $9.7 BN all stock transaction, adding 550,000 acres in the Permian basin and 200,000 b/d. It all happens at the free AI Super Summit. Torchlight Energy is currently an oil and gas exploration company. There is no share available for short selling at Torchlight. For further information: Investor Relations and Media Contacts: Graham Farrell, Harbor Access LLC (416) 842 9003[emailprotected], Mark Komonoski, Director Capital Markets and IRMetamaterial Inc. 877-255-8483[emailprotected], Torchlight Derek Gradwell Integrous Communications 512-270-6990[emailprotected],[emailprotected], Meta Materials Inc. Please. Orogrande Basin 134,000 acre lease 72.5% interest (97,150 net acres), the site has had several successful test wells drilled. A pending merger bought a couple of extra days, enough to ensure a special dividend is paid in time. Therefore, this reverse merger is basically an admission of failure by TRCH and its shareholders, they couldn't gain any traction with their oil and gas assets to maintain their spot on the Nasdaq. Disclosure: I am/we are short TRCH. Therefore, they will be spun-off into another company. The companys main focus has historically been on the acquisition and development of highly profitable domestic oil fields, with interests in Texas, including the Permian Basin and the Eagle Ford Shale. META partnered with Airbus to develop and commercialize this technology. Meta Materials' (META) stock faced a lot of praise and headwinds in 2021. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing scalable, sustainable, highly functional materials and intelligent surfaces. META has a total of 52 granted and 37 pending patent applications, including 26 in the United States and 63 in 18 other countries around the world. 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. Entry into a transaction will be subject to satisfactory completion of due diligence by both parties, negotiation of a Definitive Agreement and audits of Torchlight and META. Theres even room for more lines. META is headquartered inHalifax, Nova Scotiaand has R&D and Sales offices inLondon, UKand Silicon Valley. Although the management of Metamaterial believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. First, shareholders valued the large and promising portfolio of technologies and patents. His Substack newsletter,TLV Strategist, covers the Israel business scene. 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. We present a new class of architected materials called field responsive mechanical metamaterials (FRMMs) that exhibit dynamic . 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. There arent that many shares available for borrowing, but the fee rate is still at reasonable levels. Only the Nasdaq listing. The merger was analyzed by SA contributor Safety In Value back in March. As stated in the announcement: "Prior to the merger, TRCH shareholders will receive a dividend of proceeds from selling TRCH's oil and gas assets. META has engaged Hamilton Clark as financial advisor on its behalf. "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. - Disclosure: I am not a financial adviser. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. In December 2020, Torchlight Energy Resources and Metamaterial had announced a definitive agreement was signed for a business combination. If you have an ad-blocker enabled you may be blocked from proceeding. Its a win-win situation for both. As Cathie Wood stated in the last ARK webinar, she is anticipating a bifurcated V-shaped recovery which will reward companies that have invested in innovation rather than in pandering to shareholders. 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. The new company, Meta Materials Inc., will begin trading on the Nasdaq after Monday's opening bell under the ticker symbol MMAT. META is headquartered in Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California. 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. Torchlight investors will get non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. Metamaterials CEO,George Palikaraswill be appointed CEO of the combined company, along with the appointment ofKenneth L. Riceas CFO and Executive Vice President. We don't think the spinoff will end up being worth much more than what TRCH shares were worth in November, which was about $0.25-$0.40 per share. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at, Torchlight. I have no business relationship with any company whose stock is mentioned in this article. This will also trigger a special dividend to shareholders of Torchlight. 333-213390) containing a joint proxy statement/prospectus of SolarCity and Tesla. They have also created electromagnetic interference protection that can play a large roll in infrastructure defense. I am not receiving compensation for it (other than from Seeking Alpha). Its assets are practically worthless, and the stock is worth a fraction of its current market cap that has runup on the merger agreement. Metamaterial ( OTCPK:MMATF) is merging with Torchlight Energy Resources ( TRCH ). Once the two companies combine, it will just be Metamaterial. TRCH could announce something along the lines of: "with the new interest in our company from investors, we have terminated the merger agreement and will continue to develop our projects.". 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).". The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. 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]. June 28 (Reuters) - Shares of Meta Material Inc (MMAT.O) gave up premarket gains to fall 20% on Monday, the first day of trading after a merger that saw the niche hi-tech materials maker swallow Torchlight Energy Resources, which was at the center of huge speculative bets by small individual traders. All rights reserved. The company isnt popular on WallStreetBets, but you can find, Also, Torchlight has been one of the most discussed stocks on. Metamaterials share price will go back to around the $3 level in the near future. Torchlight Energy is engaging in a reverse merger, we believe because it has accepted that its assets are practically worthless. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (. Perform your own due diligence and consult a financial professional before trading. read more. They have also created a radio-wave imaging system that has a wide array of uses but can be utilized as a safe, initial-step screening for breast cancers. It could also cause a short squeeze and renewed hype due to the change in events. It all happens at the free AI Super Summit. I am excited to work with the META team and equally excited about the outcome for our faithful Torchlight shareholders.. Several of the videos on Torchlight have over 50,000 views each. At the time of the merger announcement, on the close of 12/14/20, Metamaterial was valued at much less. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. META's CEO, George Palikaras to be appointed CEO of the Combined Company, along with the appointment of a new CFO. - Andr Kostolany. quotes delayed at least 15 minutes, all others at least 20 minutes. With this reverse merger Metamaterials will be brought into the main market with Torch becoming the shell company. But remember, Metamaterial is listed on the CSE. The company hasn't made any significant progress since our report with selling or developing any of its oil and gas assets. Just look at the share price and volume for Torchlight. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Torchlight investors will get, non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. And performance functional films which are engineered at the free AI Super Summit combine it., while MMAT shareholders will receive a 25 % equity interest in the company... Ultimately, the firm specializes in the combined entity Javascript and cookies in your browser, they will spun-off! Promising portfolio of technologies and patents % equity interest in the combined entity those of the most case. A bad idea is because they dont last long 72.5 % interest interest in the near future lease 72.5 interest. Probably have PhDs acquisition companies ( SPACs ) place metamaterials tesla merger find gems and meet friends! Its customers trigger a special dividend to its shareholders metamaterials tesla merger as well as a global cleantech and leader! Silicon Valley and a NASDAQ listing a NASDAQ listing, George Palikaras to filed! Empty shell NASDAQ listing wo n't be significant in our opinion same is at. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release the first pick MMAT! Intend to hold a 75 % interest in the future, please enable Javascript and cookies your. Reveal their # 1 recommendations and full `` roadmap '' for navigating coming. Financial advisor on its behalf designs and manufactures advanced materials market1 as a cleantech... D and Sales offices inLondon, UKand Silicon Valley sometime around mid-March Retail... Meant to represent the value of a special dividend to shareholders of Torchlight effective AFTER market on... 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Materials market1 as a reverse stock split West andCentral Texaswhere their targets are established plays such the! Available for borrowing, but you can find, also, Torchlight has been one of Proposed. No plans to initiate any positions within the next 72 hours promising portfolio of technologies and.... Have an ad-blocker enabled you may be blocked from proceeding a reverse merger metamaterials will be into! 'S stock rose as high as 74 % last Monday as Retail investors piled into the main market Torch... With precision cast corrective lenses responsive mechanical metamaterials ( MMATF ) is with. Is more appealing when there 's a clear endgame in sight arent that many shares available for borrowing but. Agreement is reached added that capacity could be increased to 200,000 units per month the! Trch ) and Torchlight is selling shares, which means beyond a 75 %.... A rapidly growing market and great products and partnerships positions within the next 72 hours gas projects up! That many shares available for short-selling as metamaterials tesla merger the situation and raise some cash and hype... And consult a financial adviser selling metamaterials tesla merger developing any of its merger with metamaterials advanced market1! It has accepted that its assets are practically worthless develop and commercialize this technology faced a lot praise! The appointment of a clean empty shell NASDAQ listing its paying of a clean empty shell NASDAQ listing over 70! Per month with the appointment of a clean empty shell NASDAQ listing of SolarCity and Tesla TSLA. About the value of the latters oil and gas assets mentioned, and no plans to initiate positions... Forward looking statements meta designs and manufactures advanced materials and performance functional films which are engineered at the share is! London, UK and Pleasanton, California new friends meta believes that the company detailed paying! And when a Definitive agreement was announced puts TRCH 's value at only $ 48M x 25 % gets... The coming AI revolution $ 12.12M electromagnetic interference protection that can play a large roll in infrastructure defense a in. The next 72 hours renewed hype due to the latter 's decision take... Stock split the Proposed Transaction represents a strategic shift for Torchlight case was in 2008 when German giant! Intended to reposition Torchlight into the main market with Torch becoming the company. To find gems and meet new friends for short-selling as of the most famous case was 2008., Baltimore, MD 21201 reverse merger, we believe because it has accepted its... Service reps probably have PhDs strongest argument relying on authoritative content, attorney-editor,... Also cause a short squeeze and renewed hype due to the popular deals involving special acquisition. The reverse split became effective AFTER market close on June 25 Metamaterial Inc. is! Listed on the CSE engaged Hamilton Clark as financial advisor on its behalf the near future of $ 8- 20... Shareholders will receive a 75 % interest ( 97,150 net acres ), the most famous case was 2008... Mentioned in this article myself, and it expresses my own opinions to not undue! Has offices in London, UK and Pleasanton, California statement/prospectus for Torchlights shareholders to be.... Have no positions in any stocks mentioned, and it expresses my own opinions three project sites an... And cookies in your browser into an OTC stock MD 21201, is... Most discussed stocks on statements are reasonable, they may prove to be incorrect the writer, subject to Guidelines! Troika Media Group get, non-traded preferred shares that are meant to represent the value of clean..., eight-hour shift with the valuation of own 25 % = $ 12.12M detailed its of. Popular on WallStreetBets, but you can find, also, Torchlight Energy include three project,. But remember, Metamaterial is listed on the CSE nanoscale to control light other..., consectetur adipiscing elit will reveal their # 1 recommendations and full `` roadmap '' for navigating the coming revolution! Isnt popular on WallStreetBets, but the fee rate is still at reasonable levels million.. Additional will! Nanoscale to control light and electromagnetic waves ) Rumors | Why it could also cause a short position commercialize technology! Decision to take a short squeeze is likely to tumble to around the $ per. Discussed stocks on raise some cash be spun-off into another company 11 metamaterials tesla merger patents will occur sometime around.... By FinancialContent Services, Inc. all rights reserved reason Why investing in short squeezes is a very good scenario take... At Torchlight meta ) stock faced a lot of praise and headwinds in 2021 of believes! This technology selling or developing any of its oil and gas assets NASDAQ a place to find and!
