The whole stock market depends only on whether there are more shares than idiots or more idiots than shares. The META Note is for a 24-month term and bears interest at 8%, with principal and interest due in a lump sum at maturity. It could also cause a short squeeze and renewed hype due to the change in events. 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. META Executive Team has an extremely deep educational background in the hard sciences with a lot of experience creating innovative products. I was also advised that the merger and acquisition market for oil and gas companies is still soft but that is expected to change quickly with the rise in oil demand and subsequent price. Transformational Deal to Accelerate Growth, Scale and Commercialization of Metamaterials. META is headquartered in Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California. Lorem ipsum dolor sit amet, consectetur adipiscing elit. At this point I think their customer service reps probably have PhDs. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). How can investors take part in this move? If the dividend or share buyback yield is high - even better. Biosensors - they are in the development process of a non-puncture blood glucose monitoring system. Once the merger is complete Torch will own 25% but gets the first pick while MMAT . Torchlight will declare a dividend of preferred stock to its common shareholders on the record date, with such dividend being payable immediately prior to closing of the Transaction. Torchlight available for borrowing. Date announced Permian deal Value per acre (USD), March 2018 Concho Resources-RSP Permian $75,504, August 2018 Diamondback Energy-Ajax Resources $33,008, July 2019 Callon Petroleum-Carrizo Oil & Gas $16,547, December 2019 WPX Energy-Felix Energy $11,965, October 2020 ConocoPhillips-Concho Resources $10,471, Plunging shale acreage values may create a new Permian M&A wave 11.12.2020, 2021 Oil and Gas M&A Outlook | Deloitte US. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Jun. This February META acquired Interglass Technology AG of Switzerland, their IP and over 70 patents. The merger was analyzed by SA contributor Safety In Value back in March. It would probably fall on this news, as it has also appreciated significantly over the last few months likely due to the anticipated merger. That short squeeze lasted just one week. There is no share available for short selling at Torchlight. 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). After 10 years of scientific discovery and application development, Meta Materials is now the first Nasdaq-listed metamaterials company, joining the worlds premier exchange for technology companies, noted George Palikaras, the companys founding president and CEO. Derek GradwellManaging PartnerIntegrous CommunicationsPhone: 512-270-6990dgradwell@integcom.usir@torchlightenergy.com, Graham FarrellHarbor Access LLC(416) 842 9003Graham.Farrell@HarborAccessllc.com, Mark KomonoskiDirector Capital Markets and IRMetamaterial Inc.Phone: 1-877-255-8483mark@metamaterial.com. There arent that many shares available for borrowing, but the fee rate is still at reasonable levels. On April 30, the company. 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. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? (5) NanoWeb - A Revolutionary Transparent Conductive Film - YouTube. 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. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Shareholders have approved the deal, whose terms stipulate that Metamaterial shareholders will own 75% of the combined company, while Torchlight shareholders get 25%. "In order to unlock value potential from our national listing and access to the capital markets, we shifted some attention from the divestiture of our oil and gas assets to an acquisition strategy targeting proven disruptive technology companies with strong environmental, social and governance (ESG) priorities. With this, Metamaterials share price is likely to tumble to around $3 per share. 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. META's portfolio comprises 28 patent families, 19 of which are granted. 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"). I am not receiving compensation for it (other than from Seeking Alpha). Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Torchlights directors in its Annual Report on Form 10-K for the fiscal year endedDecember 31, 2019, which was filed with the SEC onMarch 16, 2020. Information concerning the interests of Torchlights and Metamaterials participants in the solicitation, which may, in some cases, be different than those of Torchlights and Metamaterials equity holders generally, will be set forth in the proxy statement/prospectus relating to the proposed business combination when it becomes available. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known. 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).". Ahead of the merger, Torchlight paid the special Series A Preferred Stock dividend on a 1-for-1 basis to its stockholders of record on June 24. Orogrande Basin 134,000 acre lease 72.5% interest (97,150 net acres), the site has had several successful test wells drilled. There arent that many shares available for borrowing, but the fee rate is still at reasonable levels. META has engaged Hamilton Clark as financial advisor on its behalf. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. At the time of the merger announcement, on the close of 12/14/20, Metamaterial was valued at much less. With its four full-time employees, Torchlights business doesnt seem like it should attract the sort of social media love that it has. Metamaterial closed at only $0.58 on 12/14/20. I wrote this article myself, and it expresses my own opinions. Metamaterials are a subset of functional materials, according to the company. Opening a small short position on the CSE could be a good idea. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. Several seem to see an end to TRCH stock frenzy, in part due to the impending merger and a possible short squeeze ahead of the transaction. As a result, META has won a number of industry awards and federal government grants for its pioneering work, including being named among the "2019 Global Cleantech 100", by Cleantech Group. TRCH stock had more than doubled this month. 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. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. 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. In November 2020, Torchlight extended an existing letter of intent with Metamaterial to work toward a definitive merger agreement. 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. They acquired this land at $10,471 per acre. Financial Market Data powered by FinancialContent Services, Inc. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. The company hasn't made any significant progress since our report with selling or developing any of its oil and gas assets. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and electromagnetic waves. META has a growing patent portfolio with three core. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the ability of the parties to reach agreement on definitive agreements, 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 management's ability to manage and to operate the business. 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 Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Please disable your ad-blocker and refresh. The combined entity will continue to service a clientele of world-class OEM customers for a range of applications in the automotive, aerospace and defense, energy, consumer electronics and medical markets. META is headquartered inHalifax, Nova Scotiaand has R&D and Sales offices inLondon, UKand Silicon Valley. HALIFAX, NS / ACCESSWIRE / August 5, 2021 / Meta Materials Inc. (the "Company" or "META ") (NASDAQ:MMAT . 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. In December 2020, Torchlight Energy Resources and Metamaterial had announced a definitive agreement was signed for a business combination. The webcast link will be made available and announced shortly. Its a win-win situation for both. Upon completion of the Proposed Transaction, shareholders of META are expected to hold a 75% interest in the combined entity. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. which is measured in Tesla (T). 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. For reference WTI is currently at $61.50, expected to hit 80-100 in the next 6 months and was hovering around $40 at the time. Recall that the company plans to merge with Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. TRCH has risen as much as 400% since the beginning of the year, and has doubled over the last week. The oil and gas exploration and production company based out of Plano, Texas, has become something of a regular on meme chats and threads, likeReddits r/WallStreetBets and other subreddits, in recent weeks. We believe that it's been proven over time that TRCH's assets are worthless, and that the money received from selling them or the value of a spin-off isn't a risk to short sellers. 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. Ultimately, the deal is worth over $70 million.. Electro Optical & Infrared Systems (EO/IR). That gave it a market cap of only $48M. They just received a 10m loan from Torchlight to continue this expansion. 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. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Post from CEO of Metamaterial saying first step of merger is complete. Torchlight also announced that it implemented a 1 . That gave it a market cap of only $48M. 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. Makes advanced materials and performance functional films which are engineered at the metamaterials tesla merger of the merger was by... 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