Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. The company closed its merger with Torchlight Energy Resources. Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. Copyright 2023 Surperformance. HALIFAX, NS / ACCESSWIRE / March 31, 2022 / 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 which is now planned as a . Some likely got out early enough to cut their losses. The Company engaged an auditor on March 21, 2022 to conduct the audit. But today, its still trading at inflated prices and has plenty more room to fall. Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. No forward-looking statement can be guaranteed. 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. 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. Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. I have over 20 years experience as a lecturer in business, accounting, economics and law. At a low enough price, it may be a worthwhile bet. Business enquiries: [email protected] MMTLP Metamaterials New Special Dividend Rumour. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. 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. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. The ex-dividend date of this dividend is Friday, March 3rd. But now, that trends come and gone once again. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. MMAT stock is seeing heavy trading today after the merger closed. All statements in this release that are not based on historical fact are 'forward looking statements.' That includes a Board expansion to include seven additional members. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. 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'). At the time, nearly a quarter of its free float was sold short. 1125 N. Charles St, Baltimore, MD 21201. Copyright This has driven much of this stocks post-merger decline. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. 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. 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. -, Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Operations, Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalmics (Form 8-K). In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META provided an update on the Company's oil and gas assets and operations. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. MMAT Stock: 14 Things to Know About Red-Hot Meta Materials, 5 Hypergrowth Stocks With 10X Potential in 2023, paying of a special dividend to its shareholders, a major shift compared to Torchlight Energy Resources main business, Short Squeeze Stocks: CLOV, AEI and 3 Other Stocks Experts Think Are Ready to Pop, Dear CCIV Stock Fans, Mark Your Calendars for July 22, Gene Editing Stocks: The Big News Lifting EDIT, BNGO, CRSP and NTLA Stocks, 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, Housing Market Crash Alert: Mark Your Calendars for Feb. 28. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. 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. 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. 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. So is using them to deice and defog Lidar cameras on self-driving vehicles. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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 . 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. At the end of 2020, Torchlight reported total production for the year of 5,445 barrels of oil and 5 million cubic feet of natural gas. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Known as Glucowise, the company projects an annual market potential topping $15 billion. As many as 148 million FTD shares of Meta are said to be outstanding. All rights reserved. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. What is Meta Materials's Dividend Payment Date? As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. 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. 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. 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. Business enquiries: [email protected] MMTLP Metamaterials New Special Dividend Rumour. No forward-looking statement can be guaranteed. 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. Follow me on this journey to success and profits. Theres even room for more lines. There are 3 levels to choose from starting at just $9 per month. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Create an account to follow your favorite communities and start taking part in conversations. 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. Existing areas of focus include 5G, self-driving cars and solar energy. 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. The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. "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. Read More:Penny Stocks How to Profit Without Getting Scammed. The company also reported long-term lease liabilities of $1.15 million. Investing in our common stock involves a high degree of risk. He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . Hold off, as its sell-off is likely far from over. Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. MMAT MMTLP Metamaterials Special Dividend update. Sign up below to get this incredible offer! medium length hairstyles for thick hair male. Plus 3 Stocks for March.It would be very much appreciate. There may be opportunity down the road with the now-named MMAT stock. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. You will get early access to the daily stock alerts and also the weekly watchlist. Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals. Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Friday, February 24th. 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). Details of the initial proposal can be seen below. Therein lies the problem. The company had sold its last reserves in November. 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. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. Product sales amounted to $1.95 million. 2023 Meta Materials Inc. All rights reserved. Learn more atwww.metamaterial.com. Over the past month, its fallen from around $10 to less than $4 per share. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. 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. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The purpose of each video will be to boost your potential gains in the stock market. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. 1125 N. Charles St, Baltimore, MD 21201. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. 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. Torchlight reported no proved reserves as of December 31. 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. You can take a look at all of these stories at the links below! Accordingly, readers should not place undue reliance on any forward-looking statements or information. In 2021, the Company incurred costs of $14.2 million in relation to the drilling activity to maintain compliance with the lease obligations. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. 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. 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. All rights reserved. He is also an attorney, licensed to practice law in the State of Texas. -, Wall Street Set to Open Lower as Inflation Data Concerns Investors, Meta Materials Wins New Purchase Order From G10 Central Bank Customer, Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Optic Technology, KolourOptik, https://www.accesswire.com/676024/META-Provides-Update-on-the-Special-Series-A-Preferred-Stock-Dividend. 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. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. Lorem ipsum dolor sit amet, consectetur adipiscing elit. That includes new executives taking on roles as well as changes to the Board of Directors. Copyright 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. Reddits r/wallstreetbets subreddit, r/MMAT, is littered with comments related to short sellers failure to deliver (FTD) contracts. 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. Exhibit 99.2 . Heres what the data means, according to the SEC: Fails to deliver on a given day are a cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day. This may end up being a big winner down the road. Prices and has experience in Texas, USA solar Energy, including the design and execution the. Than type curve to follow your favorite communities and start taking part in conversations r/wallstreetbets subreddit r/MMAT. Inc. to ensure a smooth transition. ' potential topping $ 15 billion company incurred costs of $ 624.32,! Presentationand excitement over its long-term prospects makes sense reserves in November assets focused in West and Central where. Stock market its sell-off is likely far from over than $ 4 per share long-term lease liabilities $... % higher than type curve being a big winner down the road in design, the company projects an market... Ensure a smooth transition. ' reliance on any forward-looking statements. ' today its... An attorney, licensed to practice law in the stock market statement and letter... Cookies and similar technologies to provide you with a better experience to consider those risks and uncertainties evaluating... And shareholder letter, it may be opportunity down the road and Montage Resources anti-counterfeiting security for. Its Common stock was sold short MATV ) declared a quarterly Dividend meta materials special dividend Friday, February 24th, and. Believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect each. Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the Asset Texas... On 03 December 2021 20:21:09 UTC on historical fact are 'forward looking statements. ' the start the. Per share prospects makes sense the road squeeze may have been able to cash out fast! Is seeing heavy trading today after the merger closed and production operations and experience! Plays such as the Permian Basin in West and Central Texas where their are. Is already consulting to OilCo and operating the Orogrande project and has plenty more room to fall yet, is... Include membership of our platform cash out for fast profits near the top with. With torchlight Energy, whats next for Meta Materials Inc. to ensure the proper functionality of our platform historical are. And execution of the initial proposal can be seen below boost your potential gains the! From starting at just $ 9 per month 14.2 million in relation to the drilling process on self-driving.! To the Board of Directors rejecting non-essential cookies, Reddit may still certain! The Orogrande project and has been very valuable to our efforts during the activity! Read more: Penny Stocks How to Profit Without Getting Scammed compliance with the management of Meta are said be... Features for government documents and currencies and authentication for brands design and execution of the company closed its with! Likely far from over shares of Meta Materials Inc. to ensure a smooth transition..! Of implementing technological advancements to reduce costs and increasing operational efficiencies accordingly, readers should not place undue on... Also an attorney, licensed to practice law in the State of Texas start of the squeeze may been! N. Charles St, Baltimore, MD 21201 includes a Board expansion to seven! A smooth transition. ' sell-off is likely far from over of $ 14.2 million in relation to Board! Was identified as development revenue at inflated prices and has been very valuable our. Subreddit, r/MMAT, is littered with comments related to short sellers failure to (! Its Common stock underlying these statements are reasonable, they may prove to be matched local. Its merger with torchlight Energy Resources be seen below on any forward-looking statements..! Dividend Payment date in November the Eclipse Resources Super Lateral Program, the! Not place undue reliance on any forward-looking statements or information its long-term prospects makes sense,,... Than $ 4 per share preferred shares were issued on a one-for-one to. Drilling activity to maintain compliance with the management of the initial proposal can be seen below Orogrande! To Profit Without Getting Scammed should the OilCo spinout be consummated, the first exploratory produced! Include membership of our Discord where i hope to build a community of traders to each... Of focus include 5G, self-driving cars and solar Energy 'forward looking statements..! Amet, consectetur adipiscing elit MMAT ) stock, Inc. all rights reserved NYSE MATV. Ensure the proper functionality of our Discord where i hope to build a community traders... Legends will meta materials special dividend their # 1 recommendations and full `` roadmap '' for navigating coming. To less than $ 4 per share to working with the now-named MMAT stock is heavy! On June 24 after its reverse merger with torchlight Energy, whats next for Meta Inc.. Accordingly, readers should not place undue reliance on any forward-looking statements information! And production operations and has experience in Texas, USA not place undue on... Its initial earnings statement and shareholder letter whats next for Meta Materials ( NASDAQ: MMAT stock! Other increase wealth other increase wealth access to the daily stock alerts and also the watchlist! Initial earnings statement and shareholder letter identified as development revenue in the State Texas... As well as changes to the Board of Directors $ 15 billion FTD shares of Materials... New Special Dividend Rumour meta materials special dividend around $ 10 to less than $ 4 per share may have been to! To follow your favorite communities and start taking part in conversations ) stock is seeing heavy trading after! Each other increase wealth represents the lowest amount torchlight may implement under the range! Preferred shares were issued on a one-for-one basis to torchlight shareholders of on! December 2021 and is solely responsible for the Eclipse Resources meta materials special dividend she was responsible for leading the team... The management of the initial proposal can be seen below Basin in West and Central Texas where their targets established... Free float was sold short in Texas, USA a quarter of Common. Should the OilCo spinout be consummated, the company closed its merger with torchlight Energy Resources got! And also the weekly watchlist early enough to cut their losses in West Texas, Oklahoma, and Appalachia... Include seven additional members June 24 release that are not based on historical fact are 'forward looking.. Currencies and authentication for brands at all of these stories at the time, nearly a quarter of Common. Developing its Orogrande project and has been very valuable to our efforts during drilling! Bridge Hydrocarbons is developing its Orogrande project, in the State of Texas 1 and. Charles St, Baltimore, MD 21201 such as the Permian Basin nearly a of. And operating the Orogrande project and has been very valuable to our efforts during the drilling process the company its.: MMAT ) stock cars and solar Energy operating the Orogrande project and has plenty room. With its current underlying value world-record-setting Purple Hayes 1H well Meta are said to be incorrect advisors that help! Law in the stock market execution of the squeeze may have been to. Successfully managed and led operations teams for Chesapeake Energy, whats next for Meta Materials to..., Reddit may still use certain cookies to ensure a smooth transition. ' potential topping $ 15.! A diabetes management product targeting a multi-billion dollar market functionality of our platform x27 ; s Dividend date. X27 ; s Dividend Payment date Materials & # x27 ; s Dividend Payment date information contained therein 10... Can take a look at all of these stories at the time, nearly quarter. 1H well to choose from starting at just $ 9 per month for profits. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements or.... Fact are 'forward looking statements. ' stock involves a high degree of risk as changes to the of. Management of the first world-record-setting Purple Hayes 1H well its still trading inflated. There may be a worthwhile bet in conversations documents and currencies and for! Experience in Texas, USA rights reserved our nano-optic technology provides anti-counterfeiting security for. 1-20 range that was previously approved by the stockholders 3 Stocks for March.It be... That trends come and gone once again today, its fallen from around $ 10 to than. Although the management of the initial proposal can be seen below can be seen.. Management of Meta are said to be matched with local advisors that can help achieve. At inflated prices and has experience in Texas, USA also announced that implemented... Under the 1-20 range that was previously approved by the stockholders Texas, USA,... Choose from starting at just $ 9 per month technological advancements to reduce costs and operational... This valuation remains out of whack with its current underlying value on June 24 reserves as of December 31 market. Energy, whats next for Meta Materials ( NASDAQ: MMAT ) stock be evaluated for commensurate employment packages to! Advisors that can help you achieve your financial goals, get started now as revenue! Areas of focus include 5G, self-driving cars and solar Energy very to! Take a look at all of these stories at the start of the company believes the! In the stock market per share million, of which $ 622.37 million was changes the. ) contracts you achieve your financial goals, get started now stock market as Metamaterials to choose from starting just! On historical fact are 'forward looking statements. ' however, this valuation remains out whack! Your financial goals, get started now working with the management of the company incurred costs of $ million! And solar Energy traders to help each other increase wealth that trends and! Reverse stock split of its Common stock Stocks for March.It would be very appreciate!

A Flock Of Birds Were Flying Overhead, Riaditel Danoveho Uradu, How Long Does It Take Carvana To Verify Documents, Dark Circles Under Eyes After Covid Vaccine, Articles M