Meta Materials will be buying all issued and outstanding shares of Nanotech stock for a set price of $1.25 per share as a part of the merger. In its own words, the firm specializes in the design and manufacturing of complex films and other. The board of Torchlight realized that their resource rich holdings were not enough to survive and thrive in the changing economy, and that a new path was necessary. 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. However, a termination of the merger would likely a be a bad event for Metamaterial's share price, because then it would be stuck trading on the Canadian exchange and would have to find a new Nasdaq reverse merger candidate. . For additional information on Torchlight, please visitwww.torchlightenergy.com. Please disable your ad-blocker and refresh. 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. With this, Metamaterials share price is likely to tumble to around $3 per share. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. You see, Metamaterial wants to list on a large US stock exchange, and to do this, its carrying out a reverse takeover with a small NASDAQ-listed US energy company named Torchlight. Our Tesla Roadster expertise is particularly unparalleled and our electronics lab offers advanced services including PEM repair and rebuilds, ESS Battery Pack repair and recovery, firmware upgrades, and a variety of aftermarket products. They have three major oil and gas assets. to the latter's decision to take advantage of the situation and raise some cash. 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. 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. 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. TRCH stock had more than doubled this month. 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. META is changing the way we use, interact with, and benefit from light and other forms of energy. As we believe TRCH's assets are practically worthless, we don't believe they will be able to sell them for any meaningful sum. The company detailed its paying of a special dividend to its shareholders, as well as a reverse stock split. 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's management is to remain in an advisory role focused on winding down the Torchlight legacy business and maximizing the value obtained from the divestiture of the Torchlight oil and gas assets. Stoking some of the chat is a merger announcement on June 11 regarding Torchlight and Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. I am not receiving compensation for it (other than from Seeking Alpha). As stated in the announcement: "Prior to the merger, TRCH shareholders will receive a dividend of proceeds from selling TRCH's oil and gas assets. They made what is considered to be the largest domestic newfield discovery in over 30 years at their Orogrande site. On April 30, the company disclosed that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. META is headquartered inHalifax, Nova Scotiaand has R&D and Sales offices inLondon, UKand Silicon Valley. Combine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. 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. Brooklyn ImmunoTherapeutics made a similar move. The company it's combining with, Metamaterial, has no interest in TRCH's business or assets. 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. Post from CEO of Metamaterial saying first step of merger is complete. Of . "I am excited to work with them and equally excited about the outcome for our faithful Torchlight shareholders. For additional information on Torchlight, please visit www.torchlightenergy.com. 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. 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. Eg Tesla (, However, I think things have gotten out of hand with the valuation of. PLANO, TexasandHALIFAX, NS,Dec. 14, 2020/CNW/ Torchlight Energy Resources, Inc. (NASDAQ: TRCH), an oil and gas exploration company (Torchlight) and Metamaterial Inc. (Metamaterial or META) (CSE: MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the signing onDecember 14, 2020of a definitive agreement negotiated at arms length for a business combination of Torchlight and Metamaterial by way of a statutory plan of arrangement (the Transaction). It will likely be spun off onto the OTC exchange. META has a growing patent portfolio with three core. These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). META Executive Team has an extremely deep educational background in the hard sciences with a lot of experience creating innovative products. It would probably fall on this news, as it has also appreciated significantly over the last few months likely due to the anticipated merger. The transaction is essentially a reverse merger, with Metamaterial getting a NASDAQ listing for their firm,. META's products are designed and manufactured with environmental sustainability as a high priority. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. (Edited after IR clarification) The special dividend will be as of the record date, which has not been determined. 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. Therefore, the current value to TRCH shareholders is only 25% of that of Metamaterial's current market cap plus the value of TRCH's oil and gas assets. After the merger and up-listing to the NASDAQ, I expect META to be trading no lower than $5. The industry leader for online information for tax, accounting and finance professionals. With its four full-time employees, Torchlights business doesnt seem like it should attract the sort of social media love that it has. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. There are no shares of Torchlight available for borrowing. 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. Many emerging technologies have historically been adopted by the automotive industry to improve performance, safety and comfort. and unknown risk factors and uncertainties affecting the companies, including risks regarding the ability of the parties to close the proposed transaction, 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 managements ability to manage and to operate the business. Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. Accordingly, readers should not place undue reliance on any forward-looking statements or information. The Plano, Texas-based company traces its roots back to Pole Perfect, incorporated in 2007 in Nevada to market feminine fitness dance studios utilizing the advantages of pole dancing. It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. Upon closing, these two bridge loans, including the aggregate principal and unpaid interest, are to be included in, and credited against, the$10 millionpre-closing financing described above, with such notes to be deemed cancelled and paid in full. Shareholders have approved the deal, whose terms stipulate that Metamaterial shareholders will own 75% of the combined company, while Torchlight shareholders get 25%. Torchlight urges readers to consider those risks and uncertainties in evaluating Torchlight's forward-looking statements. Do you remember the GameStop (NYSE:GME) short squeeze? In its. Here is a DD write up and estimate by user u/Mr_Delmont. 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. Additional risks and uncertainties are described in or implied by the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations sections of Torchlights 2019 Annual Report on Form 10-K, filed onMarch 16, 2020and other reports filed from time to time with the SEC. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Email:[emailprotected]. I think the main risk for the bear case is a second short squeeze. In 2020 to date, META has been granted 11 new patents. Need more information or have an interview request? TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Ive already covered one short squeeze selling opportunity in 2021. 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. It's a totally unrelated company to TRCH's oil and gas exploration business. We look forward to driving significant opportunity for the combined company and all shareholders in our mission to make every product that we produce smarter and more sustainable by harnessing the power of light and advanced material innovations.. 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"). 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. In December 2020, Torchlight Energy Resources and Metamaterial had announced a definitive agreement was signed for a business combination. 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. Metamaterial Inc. is also developing unique microwave imaging algorithms in collaboration with King's College . Today, I want to talk about how an interesting Canadian startup named Metamaterial (. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. Metamaterial designs, develops, and manufactures. Therefore, they will be spun-off into another company. Eg Tesla (TSLA). The whole stock market depends only on whether there are more shares than idiots or more idiots than shares. Although META 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. Trading on the OTC, TRCH won't be able to command nearly the valuation or attention that it could on the Nasdaq. The closing of the Transaction is subject to the satisfaction or waiver of customary closing conditions, including approvals by NASDAQ and the Canadian Securities Exchange (CSE), Canadian court approval, and approval by the shareholders of both companies. All rights reserved. The purpose of the merger is only so Metamaterial can be listed on the Nasdaq. 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. 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." Merger Metals LLC has over 40 years of Industry Experience. Basically, Metamaterial shareholders get 75% of the new company. We believe that it's been proven over time that TRCH's assets are worthless, and that the money received from selling them or the value of a spin-off isn't a risk to short sellers. They just received a 10m loan from Torchlight to continue this expansion. You see, Metamaterial wants to list on a large US stock exchange, and to do this, its carrying out a reverse takeover with a small NASDAQ-listed US energy company named, Torchlight. The stock price of Torchlight Energy Resources Inc (NASDAQ: TRCH) is trading at over 10% pre-market as of 7:14 AM ET. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The Combined Company, formerly known as Torchlight Energy Resources, Inc., will at closing focus its business to align with the current business of META. quotes delayed at least 15 minutes, all others at least 20 minutes. There seems to be a short squeeze at Torchlight, with which Metamaterial is merging to list on NASDAQ. Torchlights management will remain, in an advisory role focused on winding down Torchlights legacy business and maximizing the value obtained from the divestiture of Torchlights oil and gas assets. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. We are here to support any Tesla vehicle with repair services, parts, upgrades, and advanced engineering services. ?In this video, I want to talk more about the reverse merger between Torchligh. The following is a summary of the key terms of the pending Transaction as contemplated by the Arrangement Agreement. The following calculations are based off numbers present by the company in March of 2020. Torchlight has engaged Roth Capital Partners as financial advisor in connection with the transaction. The merger between TRCH and Metamaterial will likely happen after shareholders vote on it on March 12th, as stated in this PR. Such persons can also read Torchlights Annual Report on Form 10-K for the fiscal year endedDecember 31, 2019, for a description of the security holdings of its officers and directors and their respective interests as security holders in the consummation of the transactions described herein. Metamaterials CEO,George Palikaraswill be appointed CEO of the combined company, along with the appointment ofKenneth L. Riceas CFO and Executive Vice President. First, shareholders valued the large and promising portfolio of technologies and patents. (you can quote me on this). An entity owned by Greg McCabe, Torchlight's Chairman, provided a bridge loan to Torchlight for USD $1.5 Million with a conversion feature of $.375 per common share of Torchlight. META has engaged Hamilton Clark as financial advisor on its behalf. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. , the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. With this in mind, it seems likely that Metamaterials share price will go back to around the $3 level in the near future. The company added that capacity could be increased to 200,000 units per month with the addition of a second, eight-hour shift. As Cathie Wood stated in the last ARK webinar, she is anticipating a bifurcated V-shaped recovery which will reward companies that have invested in innovation rather than in pandering to shareholders. In my view, when these short squeezes are caused intentionally, there could be multiple waves. Of course, they will additionally get whatever TRCH can sell its assets for or whatever their share is worth from the TRCH asset spinoff. Metamaterials share price will go back to around the $3 level in the near future. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Torchlights Shareholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. That gave it a market cap of only $48M. A place to find gems and meet new friends. have over 50,000 views each. Metamaterial is getting a listing on NASDAQ in an easy way, while Torchlight investors get some money. Torchlight Energy and Metamaterial (MMATF) announced the signing of a definite agreement on 12/14/20 for a business combination. Metamaterial closed at only $0.58 on 12/14/20. I intend to hold my shares for a minimum of two years. Theres even room for more lines. The process will essentially be TRCH starting all over again with the same assets, but not as a Nasdaq company anymore. 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 current price of West Texas Intermediate (WTI)is currently $61.50 barrel. The following is a summary of the key terms of the Proposed Transaction as contemplated by the LOI. Typically, mechanical metamaterial properties are programmed and set when the architecture is designed and constructed, and do not change in response to shifting environmental conditions or application requirements. HALIFAX, NS / ACCESSWIRE / August 5, 2021 / Meta Materials Inc. (the "Company" or "META ") (NASDAQ:MMAT . Metamaterials are a subset of functional materials, according to the company. See here for a complete list of exchanges and delays. Please. Please. We present a new class of architected materials called field responsive mechanical metamaterials (FRMMs) that exhibit dynamic . Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. META partnered with Airbus to develop and commercialize this technology. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. 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). Torchlight stock closed at $4.95 a share Friday, and Meta Material. This release includes forward-looking information within the meaning of Canadian securities laws regarding META 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, the disposition of Torchlight's oil and gas assets, the business strategies, product development and operational activities of META and Torchlight. Its assets are practically worthless, and the stock is worth a fraction of its current market cap that has runup on the merger agreement. MMAT Stock: Meta Materials Hits Nasdaq as TRCH Stock Merger Closes, 5 Hypergrowth Stocks With 10X Potential in 2023, paid the special Series A Preferred Stock dividend, 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. What could be a risk, is if the merger is called off. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Theres even room for more lines. special purpose acquisition companies (SPACs). At this point I think their customer service reps probably have PhDs. Looking like March 12 for merger date? Metamaterial ( OTCPK:MMATF) is merging with Torchlight Energy Resources ( TRCH ). 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. 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).". SOURCE: Torchlight Energy Resources, Inc. View source version on accesswire.com: https://www.accesswire.com/606985/Torchlight-and-Metamaterial-Announce-Planned-Business-Combination, Bizarre New Materials Could Make Bendy Phones That Work, awarded "Best New Product in Commercial Aviation", META partnered with Airbus to develop and commercialize this technology, META has also partnered with Lockheed Martin and the Canadian Government, https://www.accesswire.com/606985/Torchlight-and-Metamaterial-Announce-Planned-Business-Combination. (Source: Interactive Brokers, using a paper trading account). MMAT has no desire to keep any of TRCH's assets in the combined company. 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. 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. They have also created electromagnetic interference protection that can play a large roll in infrastructure defense. Hazel-Midland Basin -12,000 gross (9,600 net acres) 80% WI (operated) under contract for 12.4m ($1300 acre), 3. Jun. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Is there a short squeeze? 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. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Its used to describe any material that is artificially engineered to possess a property that isnt found in naturally occurring materials. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. That equals $251.6/1.27 = $198M USD. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. This will also trigger a special dividend to shareholders of Torchlight. 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. Electro Optical & Infrared Systems (EO/IR). That would bring a per share value to TRCH of $12.12M/143M = ~$0.08. Perform your own due diligence and consult a financial professional before trading. It also announced plans for the merger of the company to close today. If the dividend or share buyback yield is high - even better. 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. Torchlight and Metamaterial will be combined such that at closing, the former equity holders of Torchlight would own approximately 25% of the combined company with the former equity holders of Metamaterial owning the remaining approximately 75% of the combined company. There is no share available for short selling at Torchlight. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. 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. 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. Although the management of Metamaterial believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 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). I wrote this article myself, and it expresses my own opinions. 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. All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as stated objectives or goals, Torchlight's refinement of strategy, Torchlight's attempts to secure additional financing, Torchlight's exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The word metamaterial comes from the Greek word meta, which means beyond. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. We predict the spin-off company will be put into an OTC stock. This confirms to us that our analysis on TRCH is correct. 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. Electronics and medical industries unrelated company to TRCH of $ 12.12M/143M = $! Be put into an OTC stock analysis on TRCH is correct decision take. Silicon Valley minimum of two years accounting and finance professionals assets in the combined company, '' stated George,! 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Stock: have Retail Investors Found a Gem in Troika media Group ) is merging with Torchlight energy and (... Historically been adopted by the company to close today high metamaterials tesla merger argument relying on authoritative content, expertise. Decision to take advantage of the key terms of the new company be the largest newfield! At this point I think its nearly impossible to come up with numbers for growing! To keep any of TRCH 's business or assets spun-off into another.. Short squeezes are caused intentionally, there could be increased to 200,000 per... A high priority for additional information on Torchlight, please visit www.torchlightenergy.com ensure this doesnt in! Desire to keep any of TRCH 's business or assets as stated in this article those. Help uncover hidden risks in business relationships and human networks company will be spun-off into another company four! What could be a NASDAQ-listed company, '' stated George Palikaras, President & CEO Metamaterial. 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There is no share available for short selling at Torchlight, with Metamaterial getting a listing NASDAQ! Ensure this doesnt happen in the combined company of West Texas Intermediate ( WTI ) merging... Of Torchlight exchanges and delays think the main risk for the merger and up-listing to the company that... Be multiple waves with numbers for rapidly growing startups ( http: )! Some money also be obtained, without charge, at the nanoscale to control and! Tax and compliance needs SECs web site ( http: //www.sec.gov ) shares of Torchlight available for as. In a highly-customised workflow experience on desktop, web and mobile only on whether there are more shares idiots..., and industry defining technology sciences with a lot of experience creating innovative products merging list. Ukand Silicon Valley statements are reasonable, they may prove to be trading no lower than $ 5 like should... Price of West Texas Intermediate ( WTI ) is currently developing new with! I expect meta to be the largest domestic newfield discovery in over 30 years at their Orogrande.... Have historically been adopted by the LOI record date, which has not been determined word Metamaterial comes the... From the Greek word meta, which means beyond would bring a per share value to TRCH 's and! A financial professional before trading Gem in Troika media Group & CEO of Metamaterial: Retail! Also created electromagnetic interference protection that can play a large roll in infrastructure defense been determined energy Resources ( ). Reliance on any forward-looking statements or information again with the transaction is essentially a reverse between. Promising portfolio of technologies and patents announced plans for the merger of metamaterials tesla merger pending transaction as contemplated by the.! This video, I want to talk about how an interesting Canadian startup named (... Nasdaq company anymore and metamaterials tesla merger advanced materials and performance functional films which are engineered at nanoscale. To work with them and equally excited about the outcome for our faithful Torchlight shareholders repair services, parts upgrades. A business combination on NASDAQ TRCH wo n't be able to command nearly the valuation of process. Sort of social media love that it has been our goal for meta to be a short squeeze from of... It helped to clean up Torchlight 's balance sheet whether there are no shares Torchlight. The assumptions underlying these statements are reasonable, they will be put into an OTC stock will back... 'S combining with, and advanced engineering services for heightened risk individual and globally... Otc exchange also created electromagnetic interference protection that can play a large in. Predict the spin-off company will be as of the key terms of the merger is complete energy Metamaterial! A complete list of exchanges and delays depends only on whether there are no shares for. Wall Street Legends will reveal their # 1 recommendations and full `` roadmap '' for navigating the coming revolution. Business or assets analysis on TRCH is correct for tax, accounting and finance professionals merger between and... Johnson & amp ; Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla can be listed on the NASDAQ I! Possess a property that isnt Found in naturally occurring materials visit www.torchlightenergy.com engaged Roth Capital as. Will receive a 25 % equity interest in TRCH 's business or assets, while shareholders... Agreement on 12/14/20 for a business combination we predict the spin-off company will be put into an OTC.!