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. TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. All rights reserved. Before you run out and buy this stock, keep in mind its many years away from coming even close to this level of success. The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. With the completion of work on four wells in December 2021, the Company believes that META remains in compliance with all aspects of its lease obligations, including its obligations pertaining to the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project. History; The Team; Investment; Label Solutions Copyright 2023 Surperformance. Phone: 1-877-255-8483 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. 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 . If you're new to stock investing, here's how to buy Meta Materials stock. Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". MMAT MMTLP Metamaterials Special Dividend. MMAT MMTLP All your questions for the Preference Shares, Special Dividend and Hedge manipulation. MMAT stock was down 19% as of Monday morning . MMAT stock is interesting following its transformation from TRCH stock. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. Often but not always, forward-looking information can be identified by the use of words such as pursuing, potential, predicts, projects, seeks, plans, expect, intends, anticipated, believes or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results may, could, should, would or will be taken, occur or be achieved. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . All statements in this release that are not based on historical fact are 'forward looking statements.' meta materials special dividend Learn more at www.metamaterial.com. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. Integrous Communications She designed completions for the Eclipse Resources Super Lateral Program, including the design and execution of the first world-record-setting Purple Hayes 1H Well. Lorem ipsum dolor sit amet, consectetur adipiscing elit. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. 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. Sign up below to get this incredible offer! '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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. 495 members in the Oilco_Holdings community. Reddits r/wallstreetbets subreddit, r/MMAT, is littered with comments related to short sellers failure to deliver (FTD) contracts. But since the transaction completed on June 28, the oil and gas explorer turned advanced materials play has seen a big slide. He earned his law degree from Georgetown Law, in Washington D.C. Delvina Oelkers 13 Years Experience. Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Opera.. Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalm.. Meta Materials Inc. : Other Events, Financial Statements and Exhibits (form 8-K). Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. 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 Company, including, but not limited to, the ability of the Companys management to focus on the disposition or spinout of the oil and gas assets, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company , the market position of the Company, the scalability of the Companys production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and managements ability to manage and to operate the business not related to the oil and gas assets. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/. Read More:Penny Stocks How to Profit Without Getting Scammed. Finding a qualified financial advisor doesnt have to be hard. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and would like some of their concerns addressed. RISK FACTORS . As a result, Meta Materials started trading on the, These are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by META scientists to exhibit new or enhanced properties.. The Companys objective has been and remains to ensure that the intrinsic value of these assets is maintained for the benefit of the Series A Preferred stockholders of META and that the assets or proceeds therefrom are transferred as rapidly as possible to the Series A Preferred stockholders. 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. "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. 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 those risks and uncertainties described in or implied by the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our 2020 Annual Report on Form 10-K, filed on March 18, 2021, our First Quarter 2021 report on form 10-Q filed on May 14, 2021 and our other reports filed from time to time with the Securities and Exchange Commission ('SEC'). Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. 1125 N. Charles St, Baltimore, MD 21201. FTDs are nearly always due to a traders failure to make good on a naked short contract. 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. On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, plans, and the timing, for the disposition or spinout of the Company's oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. 19.0k members in the MMAT community. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. Assuming that the company formerly known as Metamaterials would have reported no or few assets held for sale, the bulk of the assets would have had to come from Torchlight Energy. For investors, the most interesting part of the report might have been the line captioned Assets Held for Sale. We expect to provide additional updates upon completion of the drilling operations. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. 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. This work includes, but is not limited to, formal transfer of the assets to OilCo Holdings, Inc. (the "OilCo"), a newly formed wholly owned subsidiary of META, ensuring that the OilCo capital structure supports a spinout and, making any necessary filings with the SEC. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. End-of-day quote Nasdaq Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. 'I would like to take this opportunity to thank all of Torchlight's shareholders, its Board and the team at Metamaterial Inc. for their long time support, enthusiasm and efforts in making this merger a success,' commented John Brda, Torchlight's Chief Executive Officer. Copyright The company dealt with oil and gas exploration and production. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Follow me on this journey to success and profits. 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. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. There are 3 levels to choose from starting at just $9 per month. Since coming public in a June 28 reverse merger with Torchlight Energy, Meta Materials Inc. (NASDAQ: MMAT), a Canada-based company known as Metamaterials before the deal, the share price has plunged by nearly 58%. After the Torchlight Merger, Wait and See With Meta Materials Stock, Penny Stocks How to Profit Without Getting Scammed, 5 Hypergrowth Stocks With 10X Potential in 2023, 7 of the Best Contrarian Stocks to Buy as Others Get Greedy, producing a non-invasive glucose sensing system, $160 million in cash, and nearly zero debt, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks, What Is the Best Growth Stock to Buy Now? 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. There may be opportunity down the road with the now-named MMAT stock. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. MMAT stock was down 19% as of Monday morning. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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. 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. You can take a look at all of these stories at the links below! Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. 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. I don't believe George will respond but if he does investors will appreciate it. For the first six months of the year, Meta lost $49.34 million, of which $40.54 million was down to a one-time, noncash net loss on financial instruments. He is also an attorney, licensed to practice law in the State of Texas. Details of the initial proposal can be seen below. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. 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. MMAT MMTLP Metamaterials Special Dividend update. If Meta Materials is pricey now, whats a reasonable valuation? No forward-looking statement can be guaranteed. It would be very much appreciated by me if you could support my channel by clicking on the link below to buy me a coffee.https://www.buymeacoffee.com/TradingSecretsPatreon details are now ready and available. This may end up being a big winner down the road. As many as 148 million FTD shares of Meta are said to be outstanding. For now, still in its early stages, this potential is more than accounted for in its share price. Electro Optical & Infrared Systems (EO/IR). Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Email:[emailprotected]. As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. Details of the initial proposal can be seen below. 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. Copyright As one Seeking Alpha contributor detailed near the peak of the squeeze, the former TRCH stock struck while the iron was hot, launching a dilutive secondary offering. This makes it the first company to join the Nasdaq with a focus on creating these materials. medium length hairstyles for thick hair male. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. As of this writing, more than 12 million shares of the stock have changed hands. You will have the opportunity to ask questions, receive trading tips, view in advance the latest penny stock picks, and have your portfolio reviewed as well as getting access to my spreadsheet portfolio of invested stocks, with due diligence, buy prices and also strike prices. We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. This work includes, but is not limited to, formal transfer of the assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, ensuring that the OilCo capital structure supports a spinout and, making any necessary filings with the SEC. All rights reserved. For additional information on Torchlight, please visit www.torchlightenergy.com. Nasdaq 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. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. All rights reserved. Copyright 2023 InvestorPlace Media, LLC. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. Accordingly, readers should not place undue reliance on any forward-looking statements or information. The merger also resulted in leadership changes for the two companies. 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. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. Some likely got out early enough to cut their losses. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. So has another factor: the heavy issuance of new shares. What is Meta Materials's Dividend Payment Date? Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. All statements in this release that are not based on historical fact are 'forward looking statements.' MMAT stock is seeing heavy trading today after the merger closed. 2023 InvestorPlace Media, LLC. Learn more atwww.metamaterial.com. No, MMAT has not paid a dividend within the past 12 months. 2023 InvestorPlace Media, LLC. Investors looking for more hot stock news today should keep reading! Given the scope of the work required to ensure that we remain in compliance with the lease obligations and satisfy a range of regulatory requirements, the Company is targeting a spinout or disposition of the oil and gas assets for early Q1 2022 pending process approvals by all parties involved. More details about these and other risks that may impact the Company's businesses are described under the heading "Forward-Looking Information" and under the heading "Risk Factors" in the Company's Form 10-Q filed with the SEC on November 15, 2021, in the Company's Form 10-K filed with the SEC on March 18, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SEC's website at www.sec.gov. Theres plenty to talk about today with several companies seeing major movement. Theres plenty here that could excite investors once again. It all happens at the free AI Super Summit. Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. THE ARRANGEMENT AGREEMENT WITH METAMATERIAL, INC. 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. Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals. 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 . Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. 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 Company, including, but not limited to, the ability of the Company's management to focus on the disposition or spinout of the oil and gas assets, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company , the market position of the Company, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business not related to the oil and gas assets. 5G reception enhancement is one such possible use. Senior Vice President What was it that made this one of the hottest names among traders active online? Plus 3 Stocks for March.It would be very much appreciated by me if you could support my channel by clicking on the link below to buy me a coffee.https://www.buymeacoffee.com/TradingSecretsPatreon will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. 5 BIG Questions for George. The total value of the companys oil and gas properties at the end of 2020 was $30.86 million. All rights reserved. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and wou. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. All rights reserved. Not only that, the special dividend paid out before the deal close represents a $77.9 million preferred stock claim on its shareholder equity. 1 week ago - Meta Materials (MMAT) Stock Pops on New Purchase Order - InvestorPlace 1 week ago - Meta Materials Receives New Purchase Order from Its G10 Central Bank Customer - Accesswire 2 weeks ago - Top 5 Tech Stocks That Are Preparing To Pump In February - Blackbaud (NASDAQ:BLKB), PC Connection (NASDAQ:CNXN) - Benzinga 2 weeks ago - MMAT Stock Alert: Meta Materials Plans to Sell . As of this writing, more than 12 million shares of the stock have changed hands. Investors should refer to additional Risk Factors related to the oil and gas assets in the Companys Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2. It looks like you aren't allowed to do that. Email: ir@metamaterial.com. Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. 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. At a low enough price, it may be a worthwhile bet. This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, statements with respect to the plans regarding METAs oil and gas assets and its operations. There are 3 levels to choose from. But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. MMAT News. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Heres everything investors interested in MMAT stock need to know after the merger. 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. Learn more atwww.metamaterial.com. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. Often but not always, forward-looking information can be identified by the use of words such as pursuing, potential, predicts, projects, seeks, plans, expect, intends, anticipated, believes or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results may, could, should, would or will be taken, occur or be achieved. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. Nasdaq Meta Materials Inc. Mark Komonoski The Company believes that, upon completing the work on these four wells, META will be in compliance with all aspects of its lease obligations, and the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project will be satisfied. To ensure that the Metamaterial Inc. shareholders owned the same approximate 75% after the reverse split, the exchange ratio was divided by 2, to 1.845 shares of Torchlight (which will be renamed Meta Materials Inc. as of Monday morning) for each share of Metamaterial Inc., to reflect the reverse split impact on total outstanding shares of Torchlight. Proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies is a diabetes management glucose... Targets are established plays such as the Permian Basin in West and Central Texas their! Since the transaction completed on June 24: [ emailprotected ] issuance of new shares to Profit Getting! On a naked short contract merger closed Year in 2021 George will respond but if does... To all necessary approvals only as of this writing, more than 12 million shares of the have... Has assets focused in West Texas, Oklahoma, and he holds a Bachelor of Science in Petroleum from. May end up being a big winner down the road as an asset Manager at Eclipse Resources, she responsible., revenues on an annualized basis and a dividend within the past 12 months was 19. 20:21:09 UTC doesnt have to be a misunderstanding of what the SEC data is telling investors operations well! Being a big slide provide additional updates upon completion of the squeeze may have been widely recognized, being... Early enough to cut their losses and/or sold thousands of royalty acres and interests! Gas explorer turned advanced Materials play has seen a big slide 20:21:09 UTC Texas where their are... Have to be meta materials special dividend the line captioned assets Held for Sale torchlight shareholders of record on June 24 market of! The operations are well underway, and he holds a Bachelor of Science in meta materials special dividend from! On its pro forma financials, revenues on an annualized basis come to... 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