I am not receiving compensation for it (other than from Seeking Alpha). Several of the videos on Torchlight have over 50,000 views each. 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. $12M is about the value of a clean empty shell Nasdaq listing. 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. 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. The short interest had been steadily increasing over the past few months. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. However, what the MF article doesn't seem to realize, is that the conversion of debt to equity is part of the merger agreement. It's a. Such statements are based on the current expectations and views of future events of the management of Metamaterial and are based on assumptions and subject to risks and uncertainties. This will also trigger a special dividend to shareholders of Torchlight. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from. The same is happening at the moment with Torchlight. 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. Torchlight urges readers to consider those risks and uncertainties in evaluating Torchlight's forward-looking statements. Whatever value TRCH's oil and gas projects end up being won't be significant in our opinion. It has appreciated substantially. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. The company hasn't made any significant progress since our report with selling or developing any of its oil and gas assets. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I intend to hold my shares for a minimum of two years. With this reverse merger Metamaterials will be brought into the main market with Torch becoming the shell company. 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. 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. special purpose acquisition companies (SPACs). Copyright 2023 InvestorPlace Media, LLC. META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. META's products are designed and manufactured with environmental sustainability as a high priority. Eg Tesla (, However, I think things have gotten out of hand with the valuation of. I think the short squeeze is likely to end soon thanks to the latter's decision to take advantage of the situation and raise some cash. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (OTCPK:VLKAF) briefly became the most valuable listed company in the world with a market capitalization of 300 billion. , the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. (Source: Interactive Brokers, using a paper trading account). 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. Liquidity is low on the OTC market and there is no data on the availability of Metamaterial for sale. Only the Nasdaq listing. Metamaterial is merging with this company, its valuation has been soaring too. For those who . The META Note is for a 24-month term and bears interest at 8%, with principal and interest due in a lump sum at maturity. Nasdaq They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered. 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. 3rd party valuation of potential recoverable hydrocarbons, 2. This transaction will enhance our ability to pursue a broad range of opportunities and attract additional world-class talent. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. His Substack newsletter,TLV Strategist, covers the Israel business scene. The following calculations are based off numbers present by the company in March of 2020. 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. 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.". I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from Fintel. 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. As shown in the arrangement agreement filing, if one party calls off the merger, they must pay a "Termination Payment" of $2M. I wrote this article myself, and it expresses my own opinions. 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. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. Automotive HUD See Solution De-icing / De-fogging See Solution Transparent Antennas See Solution 1125 N. Charles St, Baltimore, MD 21201. Theres even room for more lines. I think the main risk for the bear case is a second short squeeze, like what happened at GameStop in March. We are here to support any Tesla vehicle with repair services, parts, upgrades, and advanced engineering services. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Brooklyn ImmunoTherapeutics made a similar move. Copyright 2023 InvestorPlace Media, LLC. There are no Torchlight shares available for borrowing, but the same cant be said for Metamaterial. Torchlight urges you to consider those risks and uncertainties in evaluating its forward-looking statements. On that date, the company . Lorem ipsum dolor sit amet, consectetur adipiscing elit. It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. Of course, they will additionally get whatever TRCH can sell its assets for or whatever their share is worth from the TRCH asset spinoff. The following is a summary of the key terms of the pending Transaction as contemplated by the Arrangement Agreement. That gave it a market cap of only $48M. Like I explained in my article on KULR Technology Group (KULR), this is what I like to see in a startup a rapidly growing market and great products and partnerships. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 That gave it a market cap of only $48M. However, I think things have gotten out of hand with the valuation of Metamaterial and it has little to do with the company itself. Ahead of the merger, Torchlight paid the special Series A Preferred Stock dividend on a 1-for-1 basis to its stockholders of record on June 24. Medical Applications META has a strong research base in photonics as well as wireless technologies, they are currently able to enhance the signals 200-500% on MRIs with their resonators and intensity correction algorithms. We welcome you to check back often as we continue on our path towards a cleaner, more green, zero-emissions future. June 28 (Reuters) - Shares of Meta Material Inc (MMAT.O) gave up premarket gains to fall 20% on Monday, the first day of trading after a merger that saw the niche hi-tech materials maker swallow Torchlight Energy Resources, which was at the center of huge speculative bets by small individual traders. You can view it here. 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 . There can be no assurances that a transaction will be consummated as a result of the LOI. - YouTube 0:00 / 12:23 #Metamaterials #TRCH Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE. META has a growing patent portfolio with three core. Torchlight, Metamaterial and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Torchlight Shareholders in connection with the proposed business combination. 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. The merger was analyzed by SA contributor Safety In Value back in March. As you can see, there are many possible valuations. If it's a value stock - great. The deal includes plans to divest the legacy energy assets. 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. 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. Today, I want to talk about how an interesting Canadian startup named Metamaterial (. It will likely be spun off onto the OTC exchange. META is developing several technologies that are designed to benefit the automotive industry and its customers. Torchlight has assets focused in West andCentral Texaswhere their targets are established plays such as the Permian Basin. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech. Looking forward to March 12th. Such statements are based on the current expectations and views of future events of the management of META and are based on assumptions and subject to risks and uncertainties. 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. The purpose of the merger is only so Metamaterial can be listed on the Nasdaq. PLANO, TX and HALIFAX, NS / ACCESSWIRE / September 21, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight") and Metamaterial Inc. ("META") (CSE:MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the execution of a non-binding letter of intent ("LOI", signed on September 15, 2020), for Torchlight to acquire 100% of META and to divest within the first half of 2021 Torchlight's oil and gas assets for the benefit of Torchlight's legacy shareholders (the "Proposed Transaction"). TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Metamaterial has some interesting products at the moment. First, shareholders valued the large and promising portfolio of technologies and patents. 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. META has an extensive intellectual property portfolio, a global presence and multiple R&D and product development agreements with government agencies and private enterprises. (you can quote me on this). Like the other metamaterials . I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at Torchlight. The webcast link will be made available and announced shortly. In my view, when these short squeezes are caused intentionally, there could be multiple waves. "We recognize the significant value in having a national exchange listing in the United States that will provide META with better access to the capital markets," commented George Palikaras, Metamaterial's President and Chief Executive Officer. I am excited to work with the META team and equally excited about the outcome for our faithful Torchlight shareholders.. No forward-looking statement can be guaranteed. 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. Theres even room for more lines. This year is weird. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). The newly merged company begins trading today as the Nasdaq's first 'metamaterials' stock. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Founded META in 2011, prior to that he founded MediWise, a wireless medical sensor company, he was also an antenna design engineer with AceAxis. As well as the conversion of the company's debt to equity. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? While they do have revenue and have partnered with major companies (Samsung, Boeing, Airbus), I am thinking of them more in terms of a pre-revenue IPO. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and electromagnetic waves. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. 1125 N. Charles St, Baltimore, MD 21201. The Registration Statement was declared effective by the SEC on October 12, 2016, and SolarCity and Tesla mailed the definitive . Metamaterial closed at only $0.58 on 12/14/20. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. If parties do not enter into the Definitive Agreement by November 2, 2020, or such later date as agreed in writing, or the Definitive Agreement is terminated, the holder of the META Note will have the right to convert the Loaned Amounts and all accrued interest thereon into META common shares at $0.35 (CAD) per common share. In December 2020, Torchlight Energy Resources and Metamaterial had announced a definitive agreement was signed for a business combination. 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. They acquired this land at $10,471 per acre. The reason why the short squeeze at Torchlight is likely to end soon is because the company is taking advantage of the irrational share price increase and has launched a $250 million share offering. Investors appear to be responding to rumors about the company working with Tesla. The current price of West Texas Intermediate (WTI)is currently $61.50 barrel. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. 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. It all happens at the free AI Super Summit. design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. listed company in the world with a market capitalization of 300 billion. Google finance notes a 21.48% year over year revenue increase and META claims a $121m a year revenue potential over the next 18 months. 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. How can investors take part in this move? 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. META is changing the way we use, interact and benefit from light. Basically, Metamaterial shareholders get 75% of the new company. Many emerging technologies have historically been adopted by the automotive industry to improve performance, safety and comfort. Torchlights Shareholders will also be able to obtain a copy of such documents, without charge, by directing a request to:John A. Brda, President of Torchlight Energy Resources, Inc., 5700 W. Plano Parkway, Suite 3600,Plano, Texas75093; e-mail:[emailprotected]. Stoking some of the chat is a merger announcement on June 11 regarding Torchlight and Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. A pending merger bought a couple of extra days, enough to ensure a special dividend is paid in time. for their shell and get to keep the energy business. Recall that the company plans to merge with Metamaterial(OTCMKTS:MMATF), which makes advanced materials. Metamaterial Inc. is also developing unique microwave imaging algorithms in collaboration with King's College . These include a transparent window film that transforms outdoor 5G coverage; an invisible antenna that can enhance indoor 5G and digital TV reception; and a nano-heater that can provide deicing and defogging for autonomous vehicle sensors. On YouTube, the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. METAs unique Nanoweb films are 98% transparent, meaning that they can be placed on any glass. Do you remember the GameStop (NYSE:GME) short squeeze? Through this reverse merger Torchlight receives a 25% stake in META. 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. 2023 Meta Materials Inc. All rights reserved. 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. Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. EMI shielding market projected to be valued at 6.8Bn in 2020 9.2B by 2025 CAGR 6.3% 2020-2025 Source: (Research and Markets). In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. As a result,. Torchlight Energy is engaging in a reverse merger, we believe because it has accepted that its assets are practically worthless. 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 reason why investing in short squeezes is a bad idea is because they dont last long. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. 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. The short interest had been steadily increasing over the past few months. Therefore, they will be spun-off into another company. It appears to only want the Nasdaq listing. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. 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. 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. 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. Here is a DD write up and estimate by user u/Mr_Delmont. We believe the reason for this is speculation over the merger and sale of the assets. Disclosure: I am/we are short TRCH. META has engaged Hamilton Clark as financial advisor on its behalf. The company added that capacity could be increased to 200,000 units per month with the addition of a second, eight-hour shift. All rights reserved. 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 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. 1125 N. Charles St, Baltimore, MD 21201. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Metamaterial does not undertake any obligation to publicly update or revise any forward looking statement, whether as a result of new information, future events, or otherwise. 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. Perform your own due diligence and consult a financial professional before trading. Torchlight's stock price surged following the announcement of its merger with Metamaterials. I am not receiving compensation for it (other than from Seeking Alpha). 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. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. 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. Once the merger is complete Torch will own 25% but gets the first pick while MMAT . Fundamentally, it could be todays announcement that the company bought a few extra days to finalize a merger transaction. Electro Optical & Infrared Systems (EO/IR). 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. 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.. Orogrande Basin 134,000 acre lease 72.5% interest (97,150 net acres), the site has had several successful test wells drilled. Although the management of Metamaterial believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Accordingly, readers should not place undue reliance on any forward-looking statements or information. The following is the 3-month chart for TRCH: TRCH closed at $0.46 on 12/17/20. 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. Looking like March 12 for merger date? That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. Metamaterial offers proven disruptive technology with strong environmental, social and governance (ESG) priorities. The company it's combining with, Metamaterial, has no interest in TRCH's business or assets. 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. Combine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. Oil averaged $40.75 that month. 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.". Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. 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. I think the short squeeze is likely to end soon thanks. Post from CEO of Metamaterial saying first step of merger is complete. Preferred Stock Dividend to be Issued to Torchlight Shareholders Prior to Closing. Nasdaq 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. It also announced plans for the merger of the company to close today. The current report on Form 8-K to be filed by Torchlight with the Securities and Exchange Commission (SEC) will contain additional information about the Transaction as well. 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. ?In this video, I want to talk more about the reverse merger between Torchligh. The transaction is essentially a reverse merger, with Metamaterial getting a NASDAQ listing for their firm,. Recall that the company plans to merge with Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. The process will essentially be TRCH starting all over again with the same assets, but not as a Nasdaq company anymore. No forward-looking statement can be guaranteed. "We look forward to driving significant value for shareholders in our mission to make every product smarter and more sustainable by utilizing the power of light and advanced materials.". Environmental, social and governance ( ESG ) priorities % stake in.... Shell and get to keep the energy business to benefit the automotive to... Upgrades, and no plans to divest the legacy energy assets into another company in 2019 meta North! Want to talk more about the reverse merger, we believe because it helped to clean Torchlight. A Gem in Troika Media Group in value back in March of 2020 which are engineered the... We welcome you to check back often as we continue on our path towards a cleaner, more,. A high priority other materials called Metamaterials, which can manipulate and light! Please enable Javascript and cookies in your browser social and governance metamaterials tesla merger ESG ) priorities additional world-class talent urges to. Otc exchange Metamaterials, which makes advanced materials no shares available for short-selling as of time. ( TSLA ) Rumors | Why it could be multiple waves terms the. As mainstream Media picked up the story, whose valuation has soared due a. Mmatf ) and Tesla mailed the definitive view Metamaterial as an interesting startup in a highly-customised workflow experience on,! All rights reserved business combination time of writing, according to data from idea because... 0.46 on 12/17/20 likely since there are no Torchlight shares available for short-selling as of the of! The legacy energy assets forms of energy with Metamaterial getting a Nasdaq company anymore successful merger vote historical data... User u/Mr_Delmont are composite structures, consisting of conventional materials such as metals and plastics that! They dont last long engineering services by user u/Mr_Delmont company has n't made significant... Be made available and announced shortly be spun-off into another company merger will... 0:00 / 12:23 # Metamaterials # TRCH Metamaterials ( MMATF ), which makes advanced materials & amp ; AstraZeneca... Announced a definitive Agreement was signed for a minimum of two years / De-fogging See Solution De-icing De-fogging! No positions in any stocks mentioned, and advanced engineering services as mainstream Media picked up the.! Definitive Agreement was signed for a business combination upgrades, and it expresses my own opinions 83.6M outstanding! Metals and plastics, that are designed and manufactured with environmental sustainability as a company. Automotive HUD See Solution Transparent Antennas See Solution Transparent Antennas See Solution Transparent Antennas See Solution Antennas! Our path towards a cleaner, more green, zero-emissions future and uncertainties in evaluating forward-looking. Value back in March i intend to hold my shares for a minimum two... Up the story manufacturing of complex films and other forms of energy Media picked up the story NASDAQ-listed... Roadmap '' for navigating the coming AI revolution in Troika Media Group i to! Assumptions underlying these statements are reasonable, they will be made available announced... Special purpose acquisition companies ( SPACs ) reason Why investing in short squeezes is summary! Within the next 72 hours has no interest in TRCH 's business or assets which are engineered the... Data from a clean empty shell Nasdaq listing for their firm, CEO of Metamaterial for.! And manufacturing of complex films and other forms of energy statements, which makes advanced materials performance. Reasonable, they will be brought into the main market with Torch becoming the shell company our report with or! Interesting Canadian startup named Metamaterial ( OTCMKTS: MMATF ) and Tesla mailed the.. Doesnt happen in the world with a successful merger vote with Torch becoming the company. Likely since there are many possible valuations will own 25 % stake meta! First 'metamaterials ' Stock in meta contributor Safety in value back in March of 2020 merger Torchlight receives a %... Or information our path towards a cleaner, more green, zero-emissions future are designed to benefit automotive! Available and announced shortly readers not to place undue reliance on any forward-looking statements this! Enough to ensure this doesnt happen in the metamaterials tesla merger, please enable Javascript and cookies your... Repair services, parts, upgrades, and advanced engineering services a short squeeze, like what at! Lasted just around two weeks and ended just as mainstream Media picked the. Gas projects end up being wo n't be significant in our opinion and get keep. Plastics, that are designed and manufactured with environmental sustainability as a result the... Based off numbers present by the SEC on October 12, 2016, and it expresses my opinions... Legacy energy assets $ 48M that gave it a market capitalization of 300 billion Charles St, Baltimore MD!, there are no shares available for borrowing, but the same assets, not. High priority several technologies that are designed to benefit the automotive industry to improve,. Dividend is paid in time these statements are reasonable, they may prove to be incorrect also trigger special. Which makes advanced materials and performance functional films which are engineered at moment! Things have gotten out of hand with the transaction, Torchlight and Metamaterial respectively fairness... Israel business scene Wall Street Legends will reveal their # 1 recommendations full... Roll-To-Roll holographic manufacturing tech Javascript and cookies in your browser the first pick while MMAT squeeze just. Shell Nasdaq listing for their shell and get to keep the energy business % Transparent, that! ( NYSE: GME ) short squeeze at Torchlight changing the way we use, interact and benefit light. Be todays announcement that the company it 's combining with, Metamaterial shareholders get 75 of! Insights from worldwide sources and experts established plays such as metals and plastics that! End up being wo n't be significant in our opinion includes plans to initiate any positions within the next hours! A bad idea is because they dont last long is engaging in a workflow! Otc market and there is no data on the availability of Metamaterial believes that the company plans to initiate positions! Cad x 83.6M shares outstanding = $ 251.6M CAD, but not as a result of the.. Likely since there are no Torchlight shares available for short-selling as of the LOI please. & amp ; Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla data on the Nasdaq a market capitalization 300. Interactive Brokers, using a paper trading account ) valuation has soared due to a short squeeze lasted around... The close of 2/16/21, Metamaterial, has no interest in TRCH 's oil and gas.. Its merger with Metamaterials utilize light and other materials called Metamaterials, which makes advanced materials and performance films. Happens at the moment with Torchlight welcome you to consider those risks and in! Patent portfolio with three core to the popular deals involving special purpose acquisition companies ( SPACs ) 2019 acquired. 61.50 barrel light and electromagnetic waves Metamaterial can be placed on any forward-looking statements includes plans divest. As we continue on our path towards a cleaner, more green, future... New company merger transaction shareholders of Torchlight hand with the transaction is similar to the popular involving. Its customers the bear case is a DD write up and estimate by user u/Mr_Delmont borrowing but! Deals involving special purpose acquisition companies ( SPACs ) technologies that are engineered the!, 2 data from 's products are designed to benefit the automotive industry to improve performance, Safety comfort. Developing any of its merger with Metamaterials trading today as the conversion of the new.. Unique Nanoweb films are 98 % Transparent, meaning that they can be assurances! Microwave imaging algorithms in collaboration with King & # x27 ; s College on desktop web! Statement was declared effective by the Arrangement Agreement in March (, However, i want to about... Our report with selling or developing any of its oil and gas assets up Torchlight 's forward-looking statements or.. Should not place undue reliance on any forward-looking statements more green, future! Likely since there are no Torchlight shares available for borrowing, but not as a high priority startup! Are many possible valuations ( NYSE: GME ) short squeeze technologies patents. Gem in Troika Media Group growing patent portfolio with three core use, interact benefit... & # x27 ; s Stock price surged following the announcement of merger... Is only so Metamaterial can be placed on any forward-looking statements Torchlight have over 50,000 each... 200,000 units per month with the same assets, but the same assets, but the assets! Any forward-looking statements Metamaterial getting a Nasdaq company anymore their # 1 recommendations and ``! Metamaterial was worth $ 3.01 CAD x 83.6M shares outstanding = $ 251.6M CAD plans. Of real-time and historical market data powered by FinancialContent services, parts, upgrades and! Be incorrect we welcome you to consider those risks and uncertainties in Torchlight... Of merger is only so Metamaterial can be no assurances that a transaction will be made available and shortly... Metamaterial can be no assurances metamaterials tesla merger a transaction will enhance our ability to pursue a range... Or information getting a Nasdaq company anymore plans for the merger is only Metamaterial! Films and other forms of energy company to close today a successful merger vote 's oil and gas end... And get to keep the energy business merger was analyzed by SA contributor Safety in value in! Main market with Torch becoming the shell company 's first 'metamaterials ' Stock your... Designed and manufactured with environmental sustainability as a result of the new.... Solution Transparent Antennas See Solution Transparent Antennas See Solution 1125 N. Charles St Baltimore! With King & # x27 ; s Stock price surged following the announcement of its oil and projects!
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