The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Metamaterials are fabricated to achieve electromagnetic properties. 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. 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 . Electro Optical & Infrared Systems (EO/IR). The company had sold its last reserves in November. MMAT stock is seeing heavy trading today after the merger closed. The Company engaged an auditor on March 21, 2022 to conduct the audit. SOURCE: Torchlight Energy Resources, Inc. Valor is a mineral and working interest management firm which uses a proprietary software platform owned and developed by Mineral Tech. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. Copyright 2023 Surperformance. Therein lies the problem. Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Those who got in near or at its split-adjusted high of $10.88 per share? 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. Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. Meta Materials : ARfusion - Solving the Challenges of Fashionable, Functional AR .. Meta Materials : Joins Stanford University SystemX Alliance Affiliates Program, Meta Materials : to Present at Access to Giving Virtual Investor Conference on July 15th, Meta Materials : to Hold Corporate Update Webcast at 1 PM EDT Today. 5 BIG Questions for George. With many applications for its technology, the company has big opportunities across many sectors. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. This debt is secured in part by Greg McCabe, former Chairman of Torchlight Energy Resources, and a holder of a plurality of the shares of the Series A Preferred Stock. Plus 3 Stocks for March.It would be very much appreciate. 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. If Meta Materials is pricey now, whats a reasonable valuation? Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. For now, still in its early stages, this potential is more than accounted for in its share price. Commencing on June 28, 2021 Torchlight's name will be changed to "Meta Materials Inc." and its common stock will begin trading on NASDAQ under the ticker symbol "MMAT.". ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. There are 3 levels to choose from. The company also reported long-term lease liabilities of $1.15 million. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. 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. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.comswriters disclose this fact and warn readers of the risks. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/. But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. 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. "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. It also has legacy oil and gas assets its intending to sell. 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. Learn more atwww.metamaterial.com. So has another factor: the heavy issuance of new shares. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. 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. What is Meta Materials's Dividend Payment Date? 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 . There may be opportunity down the road with the now-named MMAT stock. 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. That includes a Board expansion to include seven additional members. For additional information on Torchlight, please visit www.torchlightenergy.com. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. You can take a look at all of these stories at the links below! Read More:Penny Stocks How to Profit Without Getting Scammed. 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. Hold off, as its sell-off is likely far from over. We expect to provide additional updates upon completion of the drilling operations. At the time, nearly a quarter of its free float was sold short. 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. 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. Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. 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. Known as Glucowise, the company projects an annual market potential topping $15 billion. In Metas shareholder letter, Palikaras said the company had hired a consultant to help determine the best path to maximize value for the holders of the preferred shares. 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). Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. This team is able to continue providing key planning and operational assistance for the full development of the Orogrande project. As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. This team is continuing to consult for the Company by providing operational advice on the drilling and development of the wells for the Orogrande project. 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. Kyle Bradford 20 Years Experience. I believe they have a right to be angry and if George can respond to them with some clarifications that will be extremely helpful. This has driven much of this stocks post-merger decline. It all happens at the free AI Super Summit. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. 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. This is my toughest video so far and am aware that not all investors will agree with the questions but I think it is important to present them. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . Others are likely holding the bag, hoping for a recovery. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. 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. 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. He led the drilling and operational teams through the development of the super-lateral program highlighted by the drilling and completion of the world record setting Purple Hayes 1H Well. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Meta Materials Inc. Mark Komonoski Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. 36 votes, 18 comments. All statements in this release that are not based on historical fact are 'forward looking statements.' 19.0k members in the MMAT community. 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. For additional information on Torchlight, please visit www.torchlightenergy.com. Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. Details of the initial proposal can be seen below. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . Existing areas of focus include 5G, self-driving cars and solar energy. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Daren Rader 16 Years Experience. 5 Investors Still Betting Big on Novavax (NVAX) Stock. Strategy has now been improved to allow experienced traders to have more flexibility, with a further 3 exclusive videos for our discord members as well as the release of our stocks spreadsheet.https://youtu.be/ZTSaM530_EULesson : Million Dollar Challenge update#MMAt #MMTLP #milliondollarchallengeThis video is for entertainment purposes only. Finding a qualified financial advisor doesnt have to be hard. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. Tel: +44 (0)1294 214402 | irish law times submissions balitang amianan reporters. 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. As InvestorPlaces Chris MacDonald wrote July 6, Meta Materials is making progress in producing a non-invasive glucose sensing system. End-of-day quote Nasdaq Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. With only the rarest exceptions,InvestorPlacedoes not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. 1125 N. Charles St, Baltimore, MD 21201. RISK FACTORS . Shares have plenty more room to tumble as meme stock investors continue to head for the exits. This makes it the first company to join the Nasdaq with a focus on creating these materials. Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. Accordingly, readers should not place undue reliance on any forward-looking statements or information. 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