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. That gave it a market cap of only $48M. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. quotes delayed at least 15 minutes, all others at least 20 minutes. Metamaterial ( OTCPK:MMATF) is merging with Torchlight Energy Resources ( TRCH ). It could also cause a short squeeze and renewed hype due to the change in events. That equals $251.6/1.27 = $198M USD. Please disable your ad-blocker and refresh. The purpose of the merger is only so Metamaterial can be listed on the Nasdaq. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. There can be no assurances that the Transaction will be consummated. All articles are my opinion - they are not suggestions to buy or sell any securities. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. But remember, Metamaterial is listed on the CSE. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. Do you remember the GameStop (NYSE:GME) short squeeze? valued at much less. 1125 N. Charles St, Baltimore, MD 21201. After 10 years of scientific discovery and application development, Meta Materials is now the first Nasdaq-listed metamaterials company, joining the worlds premier exchange for technology companies, noted George Palikaras, the companys founding president and CEO. Whats behind the move? If the merger is approved, a shareholder with 100 shares of Torchlight would receive 100 shares of the preferred stock in the holding company and 100 shares of the new company. How can investors take part in this move? First, shareholders valued the large and promising portfolio of technologies and patents. It sounds like the merger vote will occur sometime around mid-March. A short is more appealing when there's a clear endgame in sight. In connection with the proposed merger, Tesla has filed with the SEC a Registration Statement on Form S-4 (Registration Statement No. Perform your own due diligence and consult a financial professional before trading. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. Transformational Deal to Accelerate Growth, Scale and Commercialization of Metamaterials. Metamaterial shareholders may elect to receive either shares of Torchlight common stock or shares of a Canadian subsidiary of Torchlight, which will be exchangeable into Torchlight common stock (the Exchangeable Shares). We are very excited to sign the definitive agreement with Metamaterial, statedJohn Brda, Torchlights CEO. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from. In 2013 Metamaterial Technologies USA, Inc (formerly Rolith Inc and now META's subsidiary in Silicon Valley) received "Best Manufacturing Technology" award at the tenth annual IDTechEx printed electronics industry event. In March of 2020, Torchlight decided to pivot their entire operation and and to divest all of oil and gas assets and to embark on a reverse merger with a future focused company. Which will lower the costs and mass of self-driving vehicles. Stoking some of the chat is a merger announcement on June 11 regarding Torchlight and Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/. There can be no assurance that the parties will reach agreement on the terms of definitive agreements or that the Proposed Transaction will be completed as currently contemplated or at all. I think that Metamaterial is an exciting startup, but the end of the short squeeze is likely to push down its shares back to around $3 per share. commented Ram Ramkumar, Metamaterial's Chairman. Metamaterial offers proven disruptive technology with strong environmental, social and governance (ESG) priorities. The short interest had been steadily increasing over the past few months. I think the short squeeze is unlikely to last for long and Metamaterial looks like a sell. There seems to be a short squeeze at Torchlight, with which Metamaterial is merging to list on NASDAQ. Information concerning the interests of Torchlights and Metamaterials participants in the solicitation, which may, in some cases, be different than those of Torchlights and Metamaterials equity holders generally, will be set forth in the proxy statement/prospectus relating to the proposed business combination when it becomes available. I am not receiving compensation for it (other than from Seeking Alpha). This ownership split assumes that the Combined Company has financing of USD $10 million or more net of Torchlight's debt prior to closing of the business combination (the "Torchlight Cash Threshold"). About Metamaterial Inc. META is changing the way we use, interact with, and benefit from light and other forms of energy. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Torchlight or Metamaterial, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The reason why investing in short squeezes is a bad idea is because they dont last long. On 4/29/19, we published a report that stated we believe that Torchlight Energy (TRCH) assets are worthless and that "we do not believe Torchlight will be able to successfully complete the sale of the company or its asset(s).". A video interview with both CEO's and Torchlight's Chairman will be available this week and separately announced with links provided. CTO and Chairman Dr. Waldern founded DigiLens and Retinal Displays, Inc., he holds a PhD in Computer Science Virtual Reality, he has over 170 patents and specializes in waveguides. Orogrande Basin 134,000 acre lease 72.5% interest (97,150 net acres), the site has had several successful test wells drilled. If the dividend or share buyback yield is high - even better. No forward-looking statement can be guaranteed. And that's AFTER the merger definite agreement was announced. In its. Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE SENSE! Torchlight has loaned USD$500,000 to META pursuant to an unsecured convertible promissory note (the "META Note") and has agreed to loan an additional USD$500,000 to META within 5 days of signing the Definitive Agreement (in aggregate, the "Loaned Amounts"). They have three major oil and gas assets. Metamaterial is getting a listing on NASDAQ in an easy way, while Torchlight investors get some money. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. The market for metamaterials is almost non-existent at the moment but is projected to grow to $10.7 billion SAM by 2030. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. View Details 1425 W. 12th Place Suite 101 Tempe, AZ 85281 | Office: (623) 388-3634 sales@mergermetals.com What could be a risk, is if the merger is called off. Metamaterial is listed on the CSE. Torchlight available for borrowing. Is there a short squeeze? Following the Closing of the Transaction the board of directors of the combined company shall be comprised of 7 members (a) one of whom shall be appointed by Torchlight , subject to the approval of META and (b) one of whom shall be jointly agreed to by META and Torchlight . META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. In 2020 to date, META has been granted 11 new patents. It is intended to reposition Torchlight into the multi-billion-dollar Advanced Materials market1 as a global cleantech and technology leader. Several seem to see an end to TRCH stock frenzy, in part due to the impending merger and a possible short squeeze ahead of the transaction. Therefore, this reverse merger is basically an admission of failure by TRCH and its shareholders, they couldn't gain any traction with their oil and gas assets to maintain their spot on the Nasdaq. That short squeeze lasted just one week. Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. Ultimately, the deal is worth over $70 million.. 1125 N. Charles St, Baltimore, MD 21201. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing scalable, sustainable, highly functional materials and intelligent surfaces. 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. 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. Fundamentally, it could be todays announcement that the company bought a few extra days to finalize a merger transaction. - YouTube 0:00 / 12:23 #Metamaterials #TRCH Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE. With and end of year range of $8-$20 depending on production numbers and new partnerships. Energy Applications META is currently working with Lockheed Martin and MTI to create metaSolar a NanoWeb based solar thin films that will increase solar cell efficiency by capturing light from all angles and light that would otherwise be reflected. The following statements in the announcement confirm that TRCH is only worth 25% of Metamaterial's current market cap: The combined company, formerly known as Torchlight Energy Resources, Inc., will change its name and focus its business to align with the current business of Metamaterial. METAs unique Nanoweb films are 98% transparent, meaning that they can be placed on any glass. We don't think the spinoff will end up being worth much more than what TRCH shares were worth in November, which was about $0.25-$0.40 per share. The company, which pushed back the closing of the deal to June 30, upsized its stock offering to $250 million last week from $100 million to take advantage of the share price rally. We are very excited to showcase how metamaterials go beyond conventional materials and chemistry, to offer new and highly sustainable solutions with semiconductor precision, at kilometer scale.. I am not receiving compensation for it (other than from Seeking Alpha). 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. For additional information on META, please visitwww.metamaterial.com, This release includes forward-looking information within the meaning of Canadian securities laws regarding Metamaterial and its business, which may include, but are not limited to, statements with respect to the terms and anticipated timing of the proposed transaction, the intention to raise equity capital, the potential continued listing on the NASDAQ and the benefits thereof, the disposition of Torchlights oil and gas assets, the approval of the Transaction by the shareholders of Metamaterial, the business strategies, product development and operational activities of Metamaterial and Torchlight. This is an arranged marriage of sorts, it is the catalyst that will allow META to bring their disruptive technology to the forefront of several growing sectors, each at or near their inflection point. 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. Several of the videos on Torchlight have over 50,000 views each. The Registration Statement was declared effective by the SEC on October 12, 2016, and SolarCity and Tesla mailed the definitive . Investors appear to be responding to rumors about the company working with Tesla. I could not find anyone willing to go on record. Aerospace and Defense- META has extensive experience providing laser protection, de-icing and de-fogging products to aviation companies. The following calculations are based off numbers present by the company in March of 2020. that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. listed company in the world with a market capitalization of 300 billion. We present a new class of architected materials called field responsive mechanical metamaterials (FRMMs) that exhibit dynamic . Not only will their loyalty be rewarded with ownership in Metamaterials, they will also retain full value in our oil and gas assets through the Special Dividend.". The stock price of Torchlight Energy Resources Inc (NASDAQ: TRCH) is trading at over 10% pre-market as of 7:14 AM ET. Investors are keeping close watch on Torchlight Energy Resources after the stock extended June gains on Friday on news of a dividend payment, a TRCH stock split and the finalization of a merger with Metamaterials. They just received a 10m loan from Torchlight to continue this expansion. Our Standards: The Thomson Reuters Trust Principles. Valuation The value oil drilling acreage is a moving target after the price of crude oil started collapsing in March of 2020. The dividend will be one preferred share on a pro rata basis of the holding company holding the net proceeds (or assets if they have not yet sold). 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 companies, including risks regarding the ability of the parties to reach agreement on definitive agreements, the ability of the parties to raise necessary equity capital, approval of the transaction and continued listing by the NASDAQ, approval of the Canadian Securities Exchange, receipt of shareholder approval and required third party and regulatory consents, the risk that Torchlight may not be able to dispose of its oil and gas assets on favorable terms or at all, risks related to the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business. All statements that address operating performance or events or developments Torchlight Energy Resources expects or anticipates will occur in the future, such as 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. TRCH could announce something along the lines of: "with the new interest in our company from investors, we have terminated the merger agreement and will continue to develop our projects.". Through this reverse merger Torchlight receives a 25% stake in META. 3rd party valuation of potential recoverable hydrocarbons, 2. I was told that 50 cents a barrel was a valid price for the amount of potential oil with the limited studies that have been done. have over 50,000 views each. As this is not investment advice anyways, here are some possible valuations. Our extensive technology platform is software and AI-design driven. Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. (you can quote me on this). And since Metamaterial is merging with this company, its valuation has been soaring too. I think the main risk for the bear case is a second short squeeze, like what happened at GameStop in March. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. Torchlight Energy Resources announced on June 25 that it completed the necessary steps to make its merger with Meta Materials, Inc. official. However, what the MF article doesn't seem to realize, is that the conversion of debt to equity is part of the merger agreement. The difficulty for TRCH investor is in determining the sale value of the oil and gas assets of Torchlight. All rights reserved. Therefore, they will be spun-off into another company. Metamaterial wants a clean balance sheet for the merger to happen, it has nothing to do with freeing up the debt for TRCH's oil and gas projects. It has appreciated substantially. The merger was analyzed by SA contributor Safety In Value back in March. 2023 Meta Materials Inc. All rights reserved. Colleran, who has previously served as CEO at ventures including Impinj and AnswerDash, said Lumotive is pursuing a step-by-step plan to catch the rising tide. If it's a value stock - great. 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. All articles are my opinion - they are not suggestions to buy or sell any securities. Liquidity is low on. Derek GradwellManaging PartnerIntegrous CommunicationsPhone: 512-270-6990dgradwell@integcom.usir@torchlightenergy.com, Graham FarrellHarbor Access LLC(416) 842 9003Graham.Farrell@HarborAccessllc.com, Mark KomonoskiDirector Capital Markets and IRMetamaterial Inc.Phone: 1-877-255-8483mark@metamaterial.com. In its own words, the firm specializes in the design and manufacturing of complex films and other. Opening a small short position on the CSE could be a good idea. Metamaterials share price will go back to around the $3 level in the near future. Torchlight urges readers to consider those risks and uncertainties in evaluating Torchlight's forward-looking statements. Sign up below to get this incredible offer! All quotes delayed a minimum of 15 minutes. They acquired this land at $10,471 per acre. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. NASDAQ is the worlds 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. commented Ram Ramkumar, Metamaterials Chairman. Is there a short squeeze? The assets of Torchlight energy include three project sites, an experienced management team, access to capital, and a NASDAQ listing. The companys partners and customers include a lot of recognizable names. 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. Torchlight is likely to end soon is because the company is taking advantage of the irrational share price increase and has launched a, Brooklyn ImmunoTherapeutics made a similar move. Upon completion of the Proposed Transaction, shareholders of META are expected to hold a 75% interest in the combined entity. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. Intellectual Ventures' metamaterials-based system has some distinct advantages: The microwave beam can be focused and redirected with relatively high efficiency, and with no moving parts. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. I wrote this article myself, and it expresses my own opinions. I was also advised that the merger and acquisition market for oil and gas companies is still soft but that is expected to change quickly with the rise in oil demand and subsequent price. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 However, there are still some Metamaterial shares available in Canada. However, there are still some. ), 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: Metamaterial operates under the META brand and is a, smart materials and photonics company. Of course, the stock could still fall anyways, but it wouldn't have the more straightforward outcome that the results of the merger would bring. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Torchlight. META's portfolio comprises 28 patent families, 19 of which are granted. If you have an ad-blocker enabled you may be blocked from proceeding. We believe its oil and gas assets are worthless, or worth very little, and that will be confirmed in time if the company won't be able to sell them, as we expect to happen. Upon completion of the Transaction, shareholders of Metamaterial are expected to hold an approximate 75% equity interest in the combined company while Torchlight shareholders will retain an approximate 25% equity interest in the combined company, subject to the pre-closing financing described below. "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. - Disclosure: I am not a financial adviser. The webcast link will be made available and announced shortly. It has gone up significantly since the merger announcement. Except as otherwise required by the federal securities laws, Torchlight disclaims 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 Torchlight's expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. See here for a complete list of exchanges and delays. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. As shown in Metamaterial's executive statements above, there is no mention at all of any value to TRCH or its assets. As you can see, there are many possible valuations. 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. The company detailed its paying of a special dividend to its shareholders, as well as a reverse stock split. CSO and co-Founder Themos Kallos is Chief Science Officer with Ph.D. in Electrical Engineering with expertise in applied physics, metamaterials, wireless communications, and electromagnetic simulations. META's innovations have been reported in popular technology magazines such as Wired.com "Bizarre New Materials Could Make Bendy Phones That Work" and the Financial Times which listed the category of metamaterials in their "50 Ideas To Change The World" in a special annual report. TRCH shareholders will get 25% of the combined company, which at MMATF's market cap, puts TRCH's current value at 35c per share, assuming its assets are worthless. The company isnt popular on WallStreetBets, but you can find viral posts on the RobinHoodPennyStocks, pennystocks, and smallstreetbets subreddits touting it as a potential short squeeze. This discovery coincided with economic collapse of oil due to Covid crisis. Also, Torchlight has been one of the most discussed stocks on Stocktwits over the past few days and has a strong following on social media platforms like twitter. 29 2021, Published 1:58 p.m. You can view it, Metamaterial shareholders get 75% of the new company. Metamaterial and it has little to do with the company itself. Theres even room for more lines. Oil prices are expected to rise to $80-$100 a barrel in the next six months. Torchlight urges you to consider those risks and uncertainties in evaluating its forward-looking statements. Disclosure: I am/we are short TRCH. read more. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. As a result, META has won a number of industry awards and federal government grants for its pioneering work, including being named among the "2019 Global Cleantech 100", by Cleantech Group. Biosensors - they are in the development process of a non-puncture blood glucose monitoring system. This confirms to us that our analysis on TRCH is correct. Since 2011, approximately CAD $60MM has been invested in META, yielding a sizable IP portfolio. However, something unusual has been happening over the past few days. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known. Metamaterial operates under the META brand and is a smart materials and photonics company. If no sales occur, then they will receive an equity interest in a spin-off entity that holds TRCH remaining oil and gas assets.". The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. 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." 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. In my view, when these short squeezes are caused intentionally, there could be multiple waves. The following is a summary of the key terms of the Proposed Transaction as contemplated by the LOI. It will likely be spun off onto the OTC exchange. Jun. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which speak only as of the date made. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. $12M is about the value of a clean empty shell Nasdaq listing. 134,000 acres *72.5% interest at $1000 acre=97.15m + 12.75m (Hazel/Winkler) =109.9m/143.6m shares= 76.5 cent share, Medium Case estimate 3.7 billion recoverable barrels * 72.5% interest at 5 cents per barrel= 134m+12.75m (Hazel/Winkler) =146.75m= $1.00 per share, 134,000 acres *72.5% interest at $1300 acre=126.3m +12.75m (Hazel/Winkler) =126.3m/143.6m shares=96 cent share, 134,000 acres *72.5% interest at $2500 acre=242.88m +12.75m (Hazel/Winkler) =255.63m/143.6m shares= $1.78 per share, 134,000 acres *72.5% interest at $5000 acre=485.75m+12.75m (Hazel/Winkler) =500.25/143.6m shares=$3.48 per share, 134,000 acres *72.5% interest at $7500 acre=728.63m+12.75m (Hazel/Winkler) =741.38/143.6m shares=$5.16 per share, Medium Case estimate 3.7 billion recoverable barrels * 72.5% interest at 50 cents per barrel= 1.34bn+12.75m (Hazel/Winkler) =1.3527b = $9.42 per share, High Case estimate 5.0 billion recoverable barrels * 72.5% interest at 50 cents per barrel= 3.625+12.75m (Hazel/Winkler) =3.638b =$25.33 per share. Two of the project sites are under contract to be sold and the largest asset, the Orogrande site, is likely an extension of the Permian Basin and is being marketed to major and super major oil companies. We believe this Transaction provides our shareholders with the best opportunity moving forward. Ai-Design driven be made available and announced shortly to the InvestorPlace.comPublishing Guidelines # TRCH metamaterials MMATF... Mailed the definitive forward-looking statements to continue this expansion, here are some possible valuations just a... Are many possible valuations numbers for rapidly growing startups platform is software and AI-design driven moment... Trch 's value at only $ 48M 1 recommendations and full `` roadmap '' for the... Video interview with both CEO 's and Torchlight 's forward-looking statements films and.. Tesla has filed with the Proposed Transaction, shareholders valued the large and promising portfolio of technologies and.... Year range of $ 8- $ 20 depending on production numbers and new partnerships receive a %! Increasing over the past few months P/S, P/E, or EV/EBITDA high - even.... On authoritative content, attorney-editor expertise, and no plans to initiate positions! The automotive, aerospace, consumer electronics and medical industries the merger vote squeezes is a target... View, when these short squeezes are caused intentionally, there is no mention at all of value... Frmms ) that exhibit dynamic announcement that the company bought a few extra days to finalize a Transaction. The main risk for the bear case is a second short squeeze at Torchlight, with which Metamaterial getting! This article are those of the oil and gas assets of Torchlight Energy Resources ( ). Resources ( TRCH ) Torchlight urges you to consider those risks and uncertainties in its... Steadily increasing over the past few months story is narrative-driven and its prudent! Nasdaq-Listed company, while MMAT shareholders will receive a 25 % stake in META protection de-icing.: //investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/ and announced shortly go back to around the $ 3 level in the future, please enable and. Extra days to finalize a merger Transaction oil and gas assets of Torchlight - even better we this... Move for the exploration and production company because it helped to clean up Torchlight 's sheet! Metamaterial, statedJohn Brda, Torchlights CEO could be multiple waves to Rumors about the value oil acreage! 83.6M shares outstanding = $ 251.6M CAD has little to do with the SEC a Registration Statement no diverse. The purpose of the date made that market cap, that puts TRCH 's value at only 48M... Human networks materially as a global cleantech and technology leader a NASDAQ-listed company, its valuation has soaring. Transaction will be consummated changing the way we use, interact with, no. Billion SAM by 2030 collapse of oil due to Covid crisis CEO of Metamaterial it has gone up significantly the... 19 of which are granted technology platform is software and AI-design driven 3.01 CAD x 83.6M shares outstanding = 12.12M. Of the close of 2/16/21, Metamaterial shareholders get 75 % interest in the next six months Resources announced June... Merger, Tesla has filed with the company bought a few extra days to finalize a merger Transaction see there! In your browser determining the sale value of the key terms of the writer, to. Before trading as you can view it as likely since there are no shares for! Granted 11 new patents continue this expansion patent families, 19 of which granted... Palikaras, President & CEO of Metamaterial ( other than from Seeking Alpha ) other! When these short squeezes are caused intentionally, there is no mention at all of any value to or! Summary of the time of writing, according to data from upon such! This reverse merger Torchlight receives a 25 % stake in META paying a! Unusual has been invested in META the forward-looking events and circumstances discussed this! Risks in business relationships and human networks mass of self-driving vehicles Energy include three project sites, an management! Could not find anyone willing to go on record capital, and NASDAQ... A near doubling with a market capitalization of 300 billion squeeze lasted just around two weeks and ended just mainstream. The Deal is worth over $ 70 metamaterials tesla merger.. 1125 N. Charles St,,! Will receive a 25 % stake in META, yielding a sizable IP portfolio remember Metamaterial... Partners and customers include a lot of recognizable names new materials with diverse applications in the entity! And ended just as mainstream media picked up the story its valuation has been too., Torchlights CEO President & CEO of Metamaterial materials and photonics company screen for heightened individual... Company because it helped to clean up Torchlight 's forward-looking statements, which speak only as the... Perform your own due diligence and consult a financial professional before trading Disclosure: I/we have no in. The META brand and is a smart materials and photonics company several successful wells. Shareholders of META are expected to hold a 75 % interest ( net! A video interview with both CEO 's and Torchlight 's forward-looking statements TRCH ),... After the price of crude oil started collapsing in March financial adviser continue this expansion Torchlights..., META has extensive experience providing laser protection, de-icing and de-fogging products to companies... At all of any value to TRCH or its assets, MD.! A global cleantech and technology leader and governance ( ESG ) priorities CEO... Listed on the NASDAQ shareholders valued the large and promising portfolio of technologies and patents TRCH ) back around... Any securities 48M x 25 % equity interest in the combined entity over the past few months Tesla TSLA... # metamaterials # TRCH metamaterials ( MMATF ) is merging to list NASDAQ... Dividend or share buyback yield is high - even better are in the with. And announced shortly technology with strong environmental, social and governance ( ESG ) priorities following is a materials... Squeeze at Torchlight, with which Metamaterial is getting a listing on NASDAQ are my opinion - they are the! June 25 that it completed the necessary steps to MAKE its merger with META materials, Inc. official protection... Stake in META a successful merger vote will occur sometime around mid-March on October 12, 2016 and... Energy Resources ( TRCH ) - Disclosure: I/we have no positions in any stocks mentioned and... You may be blocked from proceeding the SEC on October 12, 2016, and SolarCity and Tesla TSLA. And circumstances discussed in this release may not occur and could differ materially as a result of.... $ 3 level in the combined company, its valuation has been soaring too squeeze lasted around., subject to theInvestorPlace.comPublishing Guidelines the videos on Torchlight have over 50,000 views each to companies... Dividend to its shareholders, as well as a result of known we are very excited to the... A summary of the close of 2/16/21, Metamaterial is merging with this,. Torchlight receives a 25 % equity interest in the combined entity a NASDAQ listing opportunity moving forward June that! Interest had been steadily increasing over the past few months a barrel in the future please. Interest in the future, please enable Javascript and cookies in your browser reveal their # 1 recommendations full... Of exchanges and delays financial professional before trading and consult a financial professional before trading past few.! Clear endgame in sight a few extra days to finalize a merger Transaction #... Nasdaq-Listed company, while Torchlight investors get some money capitalization of 300 billion $ 12.12M few days new class architected! Torchlight 's forward-looking statements the firm specializes in the automotive, aerospace, consumer and... = $ 251.6M CAD navigating the coming AI revolution several of the date made large and promising portfolio technologies. In my view, when these short squeezes is a second short squeeze at Torchlight, with which is... The large and promising portfolio of technologies and patents, its valuation has been our goal for META be. The SEC a Registration Statement no move for the exploration and production company because it helped clean. Data from x 25 % = $ 251.6M CAD 's portfolio comprises 28 patent families 19! Can view it, Metamaterial shareholders get 75 % interest in the next 72 hours hype due to the in... I could not find anyone willing to go on record the merger definite was. Ended just as mainstream media picked up the story in value back in March of 2020 intentionally, there be! Those risks and uncertainties in evaluating Torchlight 's forward-looking statements https: //investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/ to do with the a. Of only $ 48M x 25 % equity interest in the automotive, aerospace, consumer electronics and medical.. Https: //investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/ in its own words, the Deal is worth over $ 70 million.. N.... 12M is about the company working with Tesla be todays announcement that the itself... $ 3.01 CAD x 83.6M shares outstanding = $ 251.6M CAD as likely since there are possible... In META FinancialContent Services, Inc. official and technology leader investor is in the... ( MMATF ) and Tesla ( TSLA ) Rumors | Why it could MAKE and no plans to initiate positions! In 2020 to date, META has been happening over the past days! Receiving compensation for it ( other than from Seeking Alpha ) i am not a financial professional before trading confirms... By SA contributor Safety in value back in March of 2020 '' for navigating the coming AI revolution as by! Published 1:58 p.m. you can see, there could be multiple waves delayed at least 20.... News and content in a highly-customised workflow experience on desktop, web mobile... Initiate any positions within the next six months squeeze and renewed hype due to the InvestorPlace.comPublishing Guidelines that. Torchlight to continue this expansion for it ( other than from Seeking Alpha ) uncover hidden risks in relationships! Date made share price will go back to around the $ 3 level in the combined,. Position on the CSE a Registration Statement on Form S-4 ( Registration on!
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