Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Opt.. Meta Materials Inc. Receives New Purchase Order from its G10 Central Bank Customer, Meta Materials : Part 2 An Introduction to Laser Glare Protection Solutions, Edmund Optics Partners with Meta Materials to Launch Holographic Notch Filters, Capitalgainsreport : Metaverse Stocks On Watchlist: ALST, APRN, GRPN, MMAT, EGLX. Integrous Communications Torchlight reported no proved reserves as of December 31. You can take a look at all of these stories at the links below! 1125 N. Charles St, Baltimore, MD 21201. Many investors are counting on a windfall, based on short covering. As of this writing, more than 12 million shares of the stock have changed hands. MMAT stock was down 19% as of Monday morning. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. MMAT stock was down 19% as of Monday morning . Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. 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'). Copyright 2023 InvestorPlace Media, LLC. META is in the process of finalizing permanent arrangements with a completely new management team for OilCo who bring significant experience in oil and gas exploration as well as specific experience in the Orogrande region. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. The company had sold its last reserves in November. About 3.8 million of an average daily trading volume of about 23.7 million shares had already traded. Create an account to follow your favorite communities and start taking part in conversations. Metamaterials are fabricated to achieve electromagnetic properties. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. 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. 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 . 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. No forward-looking statement can be guaranteed. Automotive Solutions from Meta Materials Featured in Project Arrow At CES 2023, Meta Materials Inc. to Showcase Global Technology Collaborations at CES 2023, President, Chief Executive Officer & Director. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Sponsored: Find a Qualified Financial Advisor. For additional information on Torchlight, please visit www.torchlightenergy.com. 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. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. 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. 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. Torchlight also announced that the steps necessary to close the business combination with Metamaterial Inc. were completed on June 25, 2021 and therefore Torchlight expects that the business combination will be effective on June 28, 2021 as of 12:01 AM EDT. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. 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. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. For now, still in its early stages, this potential is more than accounted for in its share price. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. 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 . The Company's 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. MMAT stock is interesting following its transformation from TRCH stock. What was it that made this one of the hottest names among traders active online? There are 3 levels to choose from. Learn more atwww.metamaterial.com. Copyright 2023 InvestorPlace Media, LLC. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. 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. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. Sign up below to get this incredible offer! For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. 19.0k members in the MMAT community. The total value of the companys oil and gas properties at the end of 2020 was $30.86 million. MMAT MMTLP Metamaterials Special Dividend. Copyright 2023 Surperformance. The next steps in the spinout include, but are not limited to, (i) formal transfer of the assets through a contribution of certain subsidiaries that own the oil and gas assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, (ii) ensuring that the OilCo capital structure supports a spinout and, (iii) making any necessary filings with the SEC. About Torchlight Energy Resources, Inc.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. Copyright Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. Read More:Penny Stocks How to Profit Without Getting Scammed. 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. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. 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.. As InvestorPlaces Chris MacDonald wrote July 6, Meta Materials is making progress in producing a non-invasive glucose sensing system. Shares have plenty more room to tumble as meme stock investors continue to head for the exits. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. 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. It all happens at the free AI Super Summit. 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. FTDs are nearly always due to a traders failure to make good on a naked short contract. According to the SECs fails-to-deliver data, as of July 14, the most recent date for which data is available, Metas FTDs total 180,798. View dividend data for Meta Materials (MMAT) including upcoming dividends, historical dividends, ex-dividend dates, payment dates, historical dividend yields, projected dividends and dividend changes (increases and decreases). In order to complete the spinout, the Company must complete an audit of the oil and gas operations. News that the deal was at a close came on Friday from Torchlight Energy Resources. I believe they have a right to be angry and if George can respond to them with some clarifications that will be extremely helpful. Follow me on this journey to success and profits. Email:[emailprotected]. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Valor is a mineral and working interest management firm which uses a proprietary software platform owned and developed by Mineral Tech. 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. Known as Glucowise, the company projects an annual market potential topping $15 billion. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. 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. Watch till the end as I try to include a short Trading Lesson to increase your knowledge, reduce your risk and improve your strategyI have over 20 years experience as a lecturer in business, accounting, economics and law. Kyle Bradford 20 Years Experience. 36 votes, 18 comments. With many applications for its technology, the company has big opportunities across many sectors. This team is able to continue providing key planning and operational assistance for the full development of the Orogrande project. '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. Copyright By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. 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. Theres even room for more lines. Is Meta Materials's dividend stable? Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. More details about these and other risks that may impact the Companys businesses are described under the heading Forward-Looking Information and under the heading Risk Factors in the Companys Form 10-Q filed with the SEC on November 15, 2021, in the Companys 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 SECs website at www.sec.gov. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and wou. He earned his law degree from Georgetown Law, in Washington D.C. Delvina Oelkers 13 Years Experience. All rights reserved. But today, its still trading at inflated prices and has plenty more room to fall. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. 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 in order to improve your trading strategy. 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. As of this writing, more than 12 million shares of the stock have changed hands. 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. 495 members in the Oilco_Holdings community. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. 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). 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. 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. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. 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. All rights reserved. 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. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterdays aggregate fails. 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