Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. 5 BIG Questions for George. 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. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. But now, that trends come and gone once again. Daren Rader 16 Years Experience. He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. 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. DORADO, PUERTO RICO / ACCESSWIRE / March 1, 2023 / Pharma-Bio Serv, Inc. ("Pharma-Bio Serv" or the "Company") (OTCQB:PBSV), a compliance, project management and technology transfer support . These statements may be identified by words such as 'estimates,' 'anticipates,' 'projects,' 'plans,' 'strategy,' 'goal,' or 'planned,' 'seeks,' 'may,' 'might', 'will,' 'expects,' 'intends,' 'believes,' 'should,' and similar expressions, or the negative versions thereof, and which also may be identified by their context. All rights reserved. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Forward-Looking StatementThis 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. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc.[emailprotected], Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Investors looking for more hot stock news today should keep reading! Known as Glucowise, the company projects an annual market potential topping $15 billion. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. 495 members in the Oilco_Holdings community. 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. The required audit, legal and compliance steps are inherently time consuming, said Greg McCabe, former Chairman of the Board of Torchlight Energy Resources, Inc. I am pleased with the progress thus far and look forward to seeing the spinout completed.. Details of the initial proposal can be seen below. 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. Sign up below to get this incredible offer! Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. 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. Theres plenty here that could excite investors once again. Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. Learn more at www.metamaterial.com. We expect to provide additional updates upon completion of the drilling operations. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. If Meta Materials is pricey now, whats a reasonable valuation? I have over 20 years experience as a lecturer in business, accounting, economics and law. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. It may be able to turn its technology into high levels of growth in the coming years. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. He is also an attorney, licensed to practice law in the State of Texas. Those who got in near or at its split-adjusted high of $10.88 per share? About 3.8 million of an average daily trading volume of about 23.7 million shares had already traded. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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 Companys oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . 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. This sell-off will likely carry on, at least until its past meme stock status fully goes away. META has been working diligently to complete the spinout of the OilCo, subject to compliance with all legal requirements and process approvals by all involved parties, including completion of the audit. Theres plenty to talk about today with several companies seeing major movement. Over the past month, its fallen from around $10 to less than $4 per share. All rights reserved. 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. Details of the initial proposal can be seen below. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. 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. There are 3 levels to choose from. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.comswriters disclose this fact and warn readers of the risks. 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. A recovery isnt likely to happen any time soon. In the shareholder letter, founder and CEO George Palikaras said the company expects development programs to account for the majority of our revenue over the next 12 months.. 1125 N. Charles St, Baltimore, MD 21201. Before you run out and buy this stock, keep in mind its many years away from coming even close to this level of success. 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). You can use them for many applications. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. 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. As of this writing, more than 12 million shares of the stock have changed hands. Copyright 2023 InvestorPlace Media, LLC. 2023 Meta Materials Inc. All rights reserved. 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. Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. Accordingly, readers should not place undue reliance on any forward-looking statements or information. 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. Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. As many as 148 million FTD shares of Meta are said to be outstanding. MMAT MMTLP George Palikaras CEO of MetaMaterials Inc. speaks on 5G, on Microwave Journal Q&A Panel. Hold off, as its sell-off is likely far from over. Therein lies the problem. 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. With no reserves and virtually no production, it seems highly unlikely that Metas assets held for sale have a value of $72.8 million. 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