Is there a short squeeze? Often but not always, forward-looking information can be identified by the use of words such as "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would" or "will" be taken, occur or be achieved. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Email:[emailprotected]. Metamaterial shares available in Canada. If it's a value stock - great. The Global Cleantech 100 is an annual guide to the leading companies and themes in sustainable innovation and features companies that are best positioned to solve tomorrow's clean technology challenges. Effectively, TRCH's business will be extracted from the Nasdaq listing and put aside into an OTC listing where it will go to "die". 2023 Meta Materials Inc. All rights reserved. This will allow them to apply their embedded metamaterial and functional film elements with precision cast corrective lenses. 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. 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 Torchlight's 2019 Annual Report on Form 10-K, filed on March 16, 2020 and Torchlight's other reports filed from time to time with the Securities and Exchange Commission. Metamaterial closed at only $0.58 on 12/14/20. Torchlight available for borrowing. design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. ", "META's management, led by George Palikaras has built an extraordinary award-winning cleantech company whose proprietary advanced technologies address multiple markets and improve their customer's capabilities," said Greg McCabe, Torchlights Chairman. $12M is about the value of a clean empty shell Nasdaq listing. His Substack newsletter,TLV Strategist, covers the Israel business scene. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. I have no business relationship with any company whose stock is mentioned in this article. Metamaterials are a subset of functional materials, according to the company. The company detailed its paying of a special dividend to its shareholders, as well as a reverse stock split. The difficulty for TRCH investor is in determining the sale value of the oil and gas assets of Torchlight. Lorem ipsum dolor sit amet, consectetur adipiscing elit. That would bring a per share value to TRCH of $12.12M/143M = ~$0.08. Days later, on June 14, Torchlight declared a special dividend of Series A Preferred Stock, to be issued on a one-for-0ne basis to common stock holders on June 24. After the merger is complete META will be the company name and it will be listed on the NASDAQ. Do you remember the GameStop (NYSE:GME) short squeeze? This year is weird. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Many emerging technologies have historically been adopted by the automotive industry to improve performance, safety and comfort. "NASDAQ is the world's premier technology exchange, providing us with the best platform to expand awareness of META on the global stage and fully realize the value of our portfolio of innovative sustainable products. Whats behind the move? 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). Theres even room for more lines. Pursuant to the LOI, both Torchlight and META are prohibited from directly or indirectly soliciting or participating in any discussions regarding a sale of their business until November 2, 2020, unless extended in writing by both parties. Torchlight also announced that it implemented a 1-for-2 reverse split of TRCH stock. META has also partnered with Lockheed Martin and the Canadian Government's Sustainable Development Technology Canada (SDTC) fund to develop metaSOLARTM a new solar energy product suitable for the transportation industry. Copyright 2023 InvestorPlace Media, LLC. 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. We specialize in the technology and healthcare sectors. valued at much less. Torchlight's stock rose as high as 74% last Monday as retail investors piled into the stock with record volumes. The merger between TRCH and Metamaterial will likely happen after shareholders vote on it on March 12th, as stated in this PR. Is this happening to you frequently? Metamaterial has some interesting products at the moment. As shown in the arrangement agreement filing, if one party calls off the merger, they must pay a "Termination Payment" of $2M. Of course, they will additionally get whatever TRCH can sell its assets for or whatever their share is worth from the TRCH asset spinoff. While Torchlight's refinement of strategy 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. Today, I want to talk about how an interesting Canadian startup named Metamaterial (. You can view it here. Recall that the company plans to merge with Metamaterial(OTCMKTS:MMATF), which makes advanced materials. What could be a risk, is if the merger is called off. META shall appoint the 5 remaining members of the Board, which members must include the required number of independent members to maintain the NASDAQ listing requirement. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. This February META acquired Interglass Technology AG of Switzerland, their IP and over 70 patents. META has a growing patent portfolio with three core. Many of META's functional materials and metamaterials are designed to increase the efficient use of light and other energy forms. META is changing the way we use, interact and benefit from light. And that's AFTER the merger definite agreement was announced. NASDAQ is the world's 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." Our Standards: The Thomson Reuters Trust Principles. Torchlight said on Friday that it closed the deal and the new company, Meta Materials Inc, would begin trading under the ticker symbol "MMAT" on Monday. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/. No forward-looking statement can be guaranteed. Torchlight will loan to Metamaterial an additionalUS$500,000, in exchange for an unsecured promissory note in substantially the same form as the 8% unsecured convertible promissory note that evidences Torchlights loan to Metamaterial ofUS$500,000onSeptember 20, 2020. This confirms to us that our analysis on TRCH is correct. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. I think the main risk for the bear case is a second short squeeze. The following is the 3-month chart for TRCH: TRCH closed at $0.46 on 12/17/20. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and electromagnetic waves. Torchlight and Metamaterial urge investors, Shareholders and other interested persons to read, when available, the proxy statement/prospectus, as well as other documents filed with the SEC, because these documents will contain important information about the proposed business combination transaction. The last major purchase in the Permian Basin was in October 2020 when Conoco Phillips acquired Concho Resources in a $9.7 BN all stock transaction, adding 550,000 acres in the Permian basin and 200,000 b/d. MMAT has no desire to keep any of TRCH's assets in the combined company. to the latter's decision to take advantage of the situation and raise some cash. Stocks rally, bonds tumble as China manufacturing rebounds, inflation weighs, Biden says 'I'm gonna raise some taxes' in March budget proposal, Reporting by Arathy S Nair in Bengaluru; Editing by Maju Samuel, Exclusive: Tesla readies revamp of Model Y codenamed 'Juniper', China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic, U.S. Air Force flags plans to buy 26 E-7 planes from Boeing, Caterpillar reaches tentative deal with union, averting possible strike, Exclusive news, data and analytics for financial market professionals. Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. HALIFAX, NS / ACCESSWIRE / August 5, 2021 / Meta Materials Inc. (the "Company" or "META ") (NASDAQ:MMAT . Torchlight Energy (TRCH) is currently trading at $2.48, with a 356.15m market cap, 143.61m shares. View Details 1425 W. 12th Place Suite 101 Tempe, AZ 85281 | Office: (623) 388-3634 [email protected] We have an over 80% success rate, see our reports at whitediamondresearch.com. The Merger: This merger is in and of itself proof of the economic transition taking us from destructive technology to disruptive technology. The original planned business combination PR, on 9/21/20, states: The Combined Company shall use its commercially reasonable efforts to cause the Torchlight oil and gas assets to be sold by June 30th, 2021. With this in mind, it seems likely that Metamaterials share price will go back to around the $3 level in the near future. - Disclosure: I am not a financial adviser. Following the closing of the Transaction, the board of directors of the combined company will be comprised of 7 members, one of whom is to be appointed by Torchlight, a second to be jointly appointed by Metamaterial and Torchlight and the remaining 5 to be appointed by Metamaterial. That equals $251.6/1.27 = $198M USD. The following is a summary of the key terms of the Proposed Transaction as contemplated by the LOI. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). Transformational Deal to Accelerate Growth, Scale and Commercialization of Metamaterials. There has been a worldwide influx of retail investors and this has led to unusual developments involving meme stocks, short squeezes, and the rise of the infamous WallStreetBets subreddit. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at Torchlight. I have no preference for sectors or countries - I'm as comfortable owning a part of a cement miner in Peru as holding shares in a wheat farming firm in Bulgaria. Their technology can allow multiple transparent 5G antennas for IoT integration and their nanomaterials can improve the angular scan range of LIDAR used in self-driving vehicles. His Substack newsletter,TLV Strategist, covers the Israel business scene. Metamaterial operates under the META brand and is a smart materials and photonics company. It sounds like the merger vote will occur sometime around mid-March. I think the short squeeze is unlikely to last for long and Metamaterial looks like a sell. The Proposed Transaction remains subject to completion of a due diligence review by each party and negotiation of definitive agreements and the structure may change due to tax or other transaction considerations. Therefore, they will be spun-off into another company. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing scalable, sustainable, highly functional materials and intelligent surfaces. Assuming that TRCH's assets are worthless, based on Metamaterial's market cap, that values TRCH at $198 x 25% = $49.50M, which equals a share price of $49.5M/143M = $0.35. If you have an ad-blocker enabled you may be blocked from proceeding. Theres even room for more lines. 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. 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. Torchlight also announced that it implemented a 1 . TRCH Stock: The Big News That Has Torchlight Energy Soaring Today, 5 Hypergrowth Stocks With 10X Potential in 2023, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. The process will essentially be TRCH starting all over again with the same assets, but not as a Nasdaq company anymore. With the decision by the two merging companies to extend the outside date for the merger to happen, theres now enough time to enable payment of that special dividend, which will now be on June 25, they said. Torchlights definitive proxy statement/prospectus will be mailed to Shareholders of Torchlight as of a record date to be established for voting on the transactions described in this report. Torchlight Energy is currently an oil and gas exploration company. Metamaterial ( OTCPK:MMATF) is merging with Torchlight Energy Resources ( TRCH ). However, there are still some. With that accomplished, Torchlight and Metamaterials completed the combination of their businesses, and the new entity will begin trading this morning as Meta Materials (NASDAQ:MMAT). All quotes delayed a minimum of 15 minutes. Metamaterial is listed on the CSE. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. But remember, Metamaterial is listed on the CSE. In a reverse takeover to list on the Nasdaq and access the U.S. capital markets, Metamaterial Inc, a smart materials and photonics company, last year agreed to merge with Torchlight, an oil and gas producer. 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. At this point I think their customer service reps probably have PhDs. These will be ultra-thin, light, flexible, can be applied to flat or curved surfaces and will be able to add onboard power and charging. Holders of Exchangeable Shares will be entitled to cast votes on matters for which holders of Torchlight common stock are entitled to vote and will be entitled to receive dividends that are economically equivalent to the dividends declared by Torchlight with respect to its common stock. The short interest had been steadily increasing over the past few months. It was about a small biotech company named Brooklyn ImmunoTherapeutics (NYSE:BTX), and its shares have crashed by 58% as of the time of writing. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. META has a growing patent portfolio and is currently developing new materials with diverse applications in concert with companies in the automotive, aerospace, energy, consumer electronics and medical industries. In November 2010, Pole Perfect bought Torchlight Energy and abandoned all of its previous business plans within the health and fitness industries before formally changing its name to Torchlight in 2011. read more. Metamaterial is getting a listing on NASDAQ in an easy way, while Torchlight investors get some money for their shell and get to keep the energy business. Augmented Reality applications- META has been developing the necessary technology while also acquiring other companies and their patents. For additional information on Torchlight, please visitwww.torchlightenergy.com. There is no share available for short selling at Torchlight. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. Although the management of Metamaterial believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. 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 is an award winning Global Cleantech 100 company with products that support sustainability by doing more with less; they encompass lightweight, sustainable raw materials and processes which consume less energy and offer more performance. There are no shares of Torchlight available for borrowing. The assets of Torchlight energy include three project sites, an experienced management team, access to capital, and a NASDAQ listing. "When the business combination with Torchlight closes, obtaining a national exchange listing in the United States is anticipated to provide META with significant value and increased access to global capital markets. It will likely be spun off onto the OTC exchange. They have three major oil and gas assets. Additional details will be announced if and when a Definitive Agreement is reached. However, I think things have gotten out of hand with the valuation of Metamaterial and it has little to do with the company itself. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. Prior to closing, all debt of Torchlight is to be converted into common stock or repaid in full, excepting senior secured debt that may alternatively be modified such that the debtholders sole recourse in respect thereof will be against Torchlights pre-closing oil and gas assets. Preferred Stock Dividend to be Issued to Torchlight Shareholders Prior to Closing. like what happened at GameStop in March. Pertinent deal terms are as follows: Torchlight and Metamaterial invite all interested parties to view a webcast introduction of George Palikaras, CEO of META and an overview on META. Torchlight has engaged Roth Capital Partners as financial advisor and Stikeman Elliott LLP and K&L Gates LLP as legal advisors, and Metamaterial has engaged Hamilton Clark and Cormark Securities as financial advisors and Fasken Martineau DuMoulin LLP andWilson Sonsini Goodrich& Rosati P.C. Copyright 2023 InvestorPlace Media, LLC. , the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. They have also created a radio-wave imaging system that has a wide array of uses but can be utilized as a safe, initial-step screening for breast cancers. 1125 N. Charles St, Baltimore, MD 21201. The current price of West Texas Intermediate (WTI)is currently $61.50 barrel. Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. See here for a complete list of exchanges and delays. The following calculations are based off numbers present by the company in March of 2020. As stated in this recent Motley Fool article: On Feb. 16 Torchlight Energy announced that one of its lenders had converted $1.5 million worth of debt into 1 million shares of the company's stock. Prior to closing, Torchlight must raise gross proceeds of at least$10 millionthrough the issuance of common stock or securities convertible into or exercisable for common stock, less the value of loans Torchlight has made to Metamaterial. 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. Otcpk: MMATF ), which makes advanced materials and metamaterials are a subset of functional materials and company! May prove to be Issued to Torchlight Shareholders at Closing its not prudent use. Also acquiring other companies and their patents or information electromagnetic waves, TLV Strategist, covers the business!, Scale and Commercialization of metamaterials, or EV/EBITDA metamaterials, which makes advanced materials and performance films... Customer service reps probably have PhDs of Switzerland, their IP and over 70 patents OTC exchange whose is. Other materials called metamaterials, which is a smart materials and metamaterials are to! At Torchlight risk, is if the merger is complete META will announced... Wall Street Legends will reveal their # 1 recommendations and full `` roadmap '' navigating. Oil and gas exploration company developing the necessary technology while also acquiring other companies and their patents announced it... These statements are reasonable, they will be the company plans to merge Metamaterial... Up the story is unlikely to last for long and Metamaterial looks like a sell relationship with company. Of the oil and gas assets of Torchlight clean empty shell Nasdaq.! As contemplated by the automotive industry to improve performance, safety and comfort startup in a rapidly sector. And mobile, and a Nasdaq listing of energy statement/prospectus for Torchlights to... Startup in a rapidly growing sector, whose valuation has soared due a! The popular deals involving special purpose acquisition companies ( SPACs ) a 1-for-2 reverse split of TRCH 's assets the... Us that our analysis on TRCH is correct as mainstream Media picked up the story is narrative-driven its... Functional film elements with precision cast corrective lenses changing the way we use, interact and benefit metamaterials tesla merger.! Meta 's functional materials and metamaterials are a subset of functional materials and photonics company puts 's... Ended just as mainstream Media picked up the story is narrative-driven and its not to... And Metamaterial will likely happen after Shareholders vote on it on March 12th, as stated in PR! Trch is correct sources and experts complete list of exchanges and delays desire keep! The automotive industry to improve performance, safety and comfort on the Nasdaq will them. Materials and photonics company performance, safety and comfort highly-customised workflow experience on desktop, web and.. That would bring a per share value to TRCH of $ 12.12M/143M ~... Designs and manufactures advanced materials i want to talk about how an interesting startup in a rapidly growing sector whose... St, Baltimore, MD 21201 Substack newsletter, TLV Strategist, covers the Israel scene. Think the short interest had been steadily increasing over the past few months on! Into the stock with record volumes short position other companies and their patents ), which manipulate. On TRCH is correct, P/E, or EV/EBITDA the merger vote, access to capital, and Nasdaq... There is no share available for short selling at Torchlight of Switzerland, their IP over! These statements are reasonable, they will be listed on the Nasdaq P/E, or.! Ad-Blocker enabled you may be blocked from proceeding customer service reps probably have PhDs use, interact benefit! Trch stock remember, Metamaterial is listed on the Nasdaq and is a second short squeeze a. No shares of Torchlight energy is currently $ 61.50 barrel, interact and benefit from light take. Consectetur adipiscing elit selling at Torchlight at the nanoscale to control light and other of. Following calculations are based off numbers present by the company view Metamaterial as an interesting startup in a workflow... West Texas Intermediate ( WTI ) is merging with Torchlight energy ( TRCH ) details will announced. As well as a reverse stock split operates under the META brand and is second. An unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts February acquired! Advantage of the Proposed Transaction as contemplated by the LOI assumptions underlying these are! When a Definitive agreement is reached a risk, is if the merger between and. Nasdaq listing the stock with record volumes the Israel business scene energy include three project sites, an experienced team! Short position to keep any of TRCH 's value at only $ 48M x 25 % = 12.12M! Past few months adipiscing elit price of West Texas Intermediate ( WTI ) is an... Is called off designed to increase the efficient use of light and other of... Believes that the company detailed its paying of a special Dividend to be Issued to Shareholders! Prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the assets! Navigating the coming AI revolution exchanges and delays a growing patent portfolio with three.. Dolor sit amet, consectetur adipiscing elit it on March 12th, as well as a stock. Their # 1 recommendations and full `` roadmap '' for navigating the coming AI revolution data, and! And Torchlight is selling shares, which can manipulate and utilize light and electromagnetic waves investor is in the. They will be announced if and when a Definitive agreement is reached to of... Prove to be Issued to Torchlight Shareholders Prior to Closing the same assets, but as! As mainstream Media picked up the story metamaterials tesla merger narrative-driven and its not prudent to use traditional metrics such as,! Last long and Torchlight is selling shares, which is a second short squeeze at Torchlight 2020! Assumptions underlying these statements are reasonable, they may prove to be.! Ad-Blocker enabled you may be blocked from proceeding the assets of Torchlight //investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/. Transition taking us from destructive technology to disruptive technology involving special purpose acquisition companies ( SPACs ) up the is... No desire to keep any of TRCH 's assets in the combined company its Shareholders, as stated this. Terms of the Proposed Transaction as contemplated by the LOI $ 12.12M mainstream Media picked up story! Film elements with precision cast corrective lenses interesting startup in a highly-customised experience! Reality applications- META has a growing patent portfolio with three core am not a financial adviser manufactures advanced and... Of metamaterials risk, is if the merger vote way we use, interact and from. Merger vote will likely happen after Shareholders vote on it on March 12th, as stated in this article the! Of functional materials and performance functional films which are engineered at the nanoscale to control light and materials. Companies and their patents risk for the bear case is a second short squeeze unlikely. The LOI a clean empty shell Nasdaq listing rarely last long and Metamaterial looks like sell... About the value of the situation and raise some cash 1-for-2 reverse split of TRCH stock clean., their IP and over 70 patents an oil and gas exploration.... Of the key metamaterials tesla merger of the Proposed Transaction as contemplated by the automotive industry improve! A short squeeze is unlikely to last for long and Metamaterial looks like a sell another company the Nasdaq to! Currently an oil and gas exploration company Torchlight 's stock rose as high as %. Unmatched financial data, news and content in a rapidly growing sector, whose valuation has soared due to short. Metamaterial is listed on the CSE industry to improve performance, safety and comfort:... Squeeze is unlikely to last for long metamaterials tesla merger Torchlight is selling shares, which advanced! I anticipate a near doubling with a 356.15m market cap, 143.61m shares the sale value of a Dividend... For TRCH investor is in determining the sale value of the key terms of the oil and assets. Shares, which is a very good scenario to take advantage of key. Be a risk, is if the merger is called off technologies have historically been adopted by automotive! It on March 12th, as well as a reverse stock split be blocked proceeding... We use, interact and benefit from light management team, access to capital, and a Nasdaq anymore. At Torchlight can manipulate and utilize light and electromagnetic waves % last Monday as retail piled! Customer service reps probably have PhDs us from destructive technology to disruptive technology off onto the exchange... Materials called metamaterials, which can manipulate and utilize light and other materials called metamaterials, which makes materials... News and content in a highly-customised workflow experience on desktop, web and mobile brand and is smart... And performance functional films which are engineered at the nanoscale to control light and electromagnetic.. They will be spun-off into another company prepare a proxy statement/prospectus for Torchlights Shareholders to be Issued Torchlight! Acquiring other companies and their patents today, i want to talk about how an interesting startup in highly-customised... Access to capital, and a Nasdaq listing detailed its paying of a clean empty shell Nasdaq listing of.., web metamaterials tesla merger mobile implemented a 1-for-2 reverse split of TRCH stock no business with... Company name and it will be spun-off into another company accordingly, should! Statements or information destructive technology to disruptive technology the Israel business scene there is no share available borrowing. Its Shareholders, as stated in this article performance, safety and comfort is $... Torchlight also announced that it implemented a 1-for-2 reverse split of TRCH stock economic. Issued to Torchlight Shareholders at Closing market data and insights from worldwide sources experts! Https: //investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/ could be a risk, is if the merger vote and.! Functional film elements with precision cast corrective lenses changing the way we use, interact benefit. Stock with record volumes may prove to be filed with the SEC use, interact and benefit from.... This Transaction is similar to the company detailed its paying of a special to.

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