metamaterials tesla merger
The merger was analyzed by SA contributor Safety In Value back in March. In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. The companys partners and customers include a lot of recognizable names. Metamaterial is getting a listing on NASDAQ in an easy way, while Torchlight investors get some money. This transaction will enhance our ability to pursue a broad range of opportunities and attract additional world-class talent. The Merger: This merger is in and of itself proof of the economic transition taking us from destructive technology to disruptive technology. 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. 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. Torchlight Energy is currently an oil and gas exploration company. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties. In a reverse takeover to list on the Nasdaq and access the U.S. capital markets, Metamaterial Inc, a smart materials and photonics company, last year agreed to merge with Torchlight, an oil and gas producer. Ive already covered one short squeeze selling opportunity in 2021. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. 2023 InvestorPlace Media, LLC. The difficulty for TRCH investor is in determining the sale value of the oil and gas assets of Torchlight. Aerospace and Defense- META has extensive experience providing laser protection, de-icing and de-fogging products to aviation companies. The reason why investing in short squeezes is a bad idea is because they dont last long. How can investors take part in this move? As stated in this recent Motley Fool article: On Feb. 16 Torchlight Energy announced that one of its lenders had converted $1.5 million worth of debt into 1 million shares of the company's stock. Prior to closing, 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. - Andr Kostolany. 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. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. All rights reserved. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. From here, we believe we can now comfortably support our near and long-term growth initiatives, said Ken Rice, CFO and EVP of Meta Materials. "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.". This year is weird. Through this reverse merger Torchlight receives a 25% stake in META. It could also cause a short squeeze and renewed hype due to the change in events. (Source: Interactive Brokers, using a paper trading account). quotes delayed at least 15 minutes, all others at least 20 minutes. Drilling rights in the Permian Basin of West Texas and New Mexico averaged about $24,000 an acre in recent deals, down 67% from 2018, according to Rystad Energy, an Oslo-based research firm. These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. The market for metamaterials is almost non-existent at the moment but is projected to grow to $10.7 billion SAM by 2030. Higher field strength systems cost much more. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. Its a win-win situation for both. (you can quote me on this). 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. 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. However, what the MF article doesn't seem to realize, is that the conversion of debt to equity is part of 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. We believe this Transaction provides our shareholders with the best opportunity moving forward. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. 2023 InvestorPlace Media, LLC. Our Standards: The Thomson Reuters Trust Principles. 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. Augmented Reality applications- META has been developing the necessary technology while also acquiring other companies and their patents. Theres even room for more lines. 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. 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. Electro Optical & Infrared Systems (EO/IR). Shareholders have approved the deal, whose terms stipulate that Metamaterial. We are here to support any Tesla vehicle with repair services, parts, upgrades, and advanced engineering services. 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. I have no business relationship with any company whose stock is mentioned in this article. Brooklyn ImmunoTherapeutics made a similar move. This year is weird. Prior to closing, Torchlight must raise gross proceeds of at least$10 millionthrough the issuance of common stock or securities convertible into or exercisable for common stock, less the value of loans Torchlight has made to Metamaterial. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. Merger Metals LLC has over 40 years of Industry Experience. read more. 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. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. A pending merger bought a couple of extra days, enough to ensure a special dividend is paid in time. Torchlight stock closed at $4.95 a share Friday, and Meta Material. The merger was analyzed by SA contributor Safety In Value back in March. That short squeeze lasted just one week. - Disclosure: I am not a financial adviser. The following calculations are based off numbers present by the company in March of 2020. 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. However, I think things have gotten out of hand with the valuation of Metamaterial and it has little to do with the company itself. META has a growing patent portfolio and is currently developing new materials with diverse applications in concert with companies in the automotive, aerospace, energy, consumer electronics and medical industries. META is changing the way we use, interact with, and benefit from light and other forms of energy. 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. Looking forward to March 12th. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors, including those risks and uncertainties described in or implied by the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of Torchlight's 2019 Annual Report on Form 10-K, filed on March 16, 2020 and Torchlight's other reports filed from time to time with the Securities and Exchange Commission. Holders of Exchangeable Shares will be entitled to cast votes on matters for which holders of Torchlight common stock are entitled to vote and will be entitled to receive dividends that are economically equivalent to the dividends declared by Torchlight with respect to its common stock. It did sell its interest in its Winkler Project in November for $450K, but that's not a significant sum. 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. Which will lower the costs and mass of self-driving vehicles. 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. 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. It all happens at the free AI Super Summit. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. 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. 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. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (. META partnered with Airbus to develop and commercialize this technology. There has been a worldwide influx of retail, investors and this has led to unusual developments involving meme stocks, short squeezes, and the rise of the infamous WallStreetBets subreddit. I think the main risk for the bear case is a second short squeeze, like what happened at GameStop in March. 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. The industry leader for online information for tax, accounting and finance professionals. as legal advisors. META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. Copyright 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. META has a growing patent portfolio and is currently developing new materials with diverse applications in concert with companies in the automotive, aerospace, energy, consumer electronics and. Torchlight announced Friday that its. METAs unique Nanoweb films are 98% transparent, meaning that they can be placed on any glass. I wrote this article myself, and it expresses my own opinions. Here is a DD write up and estimate by user u/Mr_Delmont. If the dividend or share buyback yield is high - even better. Oil prices are expected to rise to $80-$100 a barrel in the next six months. To learn more visit www.metamaterial.com. It's a. 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). I have no business relationship with any company whose stock is mentioned in this article. I have spoken with many industry experts and received varying price targets that trended toward the upper side of the values I am presenting. But . The company detailed its paying of a special dividend to its shareholders, as well as a reverse stock split. 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. Liquidity is low on the OTC market and there is no data on the availability of Metamaterial for sale. How can investors take part in this move? The company it's combining with, Metamaterial, has no interest in TRCH's business or assets. META is headquartered in Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California. Metamaterial is merging with this company, its valuation has been soaring too. If you have an ad-blocker enabled you may be blocked from proceeding. The new company, Meta Materials Inc., will begin trading on the Nasdaq after Monday's opening bell under the ticker symbol MMAT. 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. 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. All rights reserved. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Is there a short squeeze? Since 2011, approximately CAD $60MM has been invested in META, yielding a sizable IP portfolio. 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. Recall that the company plans to merge with Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. They made what is considered to be the largest domestic newfield discovery in over 30 years at their Orogrande site. 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. I am excited to work with the META team and equally excited about the outcome for our faithful Torchlight shareholders.. I have been investing in stocks since 2007.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. First, shareholders valued the large and promising portfolio of technologies and patents. The following is a summary of the key terms of the Proposed Transaction as contemplated by the LOI. This confirms to us that our analysis on TRCH is correct. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Need more information or have an interview request? The reason why investing in short squeezes is a bad idea is because they dont last long. 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. See the 3rd party verified return on each of our bearish reports over the last 24 months at: https://breakoutpoint.com/as-summary/white-diamond-gvmtg/To inquire about becoming a premium subscriber, send a PM here or email us at research@whitediamondresearch.com.Follow us on twitter @whiteresearch. 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. The short interest had been steadily increasing over the past few months. No forward-looking statement can be guaranteed. 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. Once these assets are sold their net proceeds will be divided among shareholders in the form of a special dividend. 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. There are no shares of Torchlight available for borrowing. With that accomplished, Torchlight and Metamaterials completed the combination of their businesses, and the new entity will begin trading this morning as Meta Materials (NASDAQ:MMAT). We are very excited to sign the definitive agreement with Metamaterial, statedJohn Brda, Torchlights CEO. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/. They have been investing money into research and development, IP acquisitions and scaling their operations. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from. Torchlight urges readers to consider those risks and uncertainties in evaluating Torchlight's forward-looking statements. 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. That would bring a per share value to TRCH of $12.12M/143M = ~$0.08. If it's a value stock - great. 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. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? 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. No forward-looking statement can be guaranteed. Fundamentally, it could be todays announcement that the company bought a few extra days to finalize a merger transaction. After the merger is complete META will be the company name and it will be listed on the NASDAQ. 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. have over 50,000 views each. The company added that capacity could be increased to 200,000 units per month with the addition of a second, eight-hour shift. Accordingly, readers should not place undue reliance on any forward-looking statements or information. META's products are designed and manufactured with environmental sustainability as a high priority. 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. A video interview with both CEO's and Torchlight's Chairman will be available this week and separately announced with links provided. The assets of Torchlight energy include three project sites, an experienced management team, access to capital, and a NASDAQ listing. Orogrande Basin 134,000 acre lease 72.5% interest (97,150 net acres), the site has had several successful test wells drilled. As shown in Metamaterial's executive statements above, there is no mention at all of any value to TRCH or its assets. This Transaction provides our shareholders with access to the multi-billion-dollar markets that Metamaterial serves and new applications that are being revolutionized with their sustainable technologies, while still allowing our Shareholders at closing of the Transaction to participate in the proceeds of our oil and gas asset divestitures., METAs management, led by George Palikaras, has built an extraordinary award-winning cleantech company whose proprietary advanced technologies address multiple markets and improve their customers capabilities, saidGreg McCabe, Torchlights Chairman. There are no Torchlight shares available for borrowing, but the same cant be said for Metamaterial. 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. (5) NanoWeb - A Revolutionary Transparent Conductive Film - YouTube. After the conversion it no longer has any term debt and two projects will have liens removed from them, as they backed the loan that was converted. For further information: Investor Relations and Media Contacts: Graham Farrell, Harbor Access LLC (416) 842 9003[emailprotected], Mark Komonoski, Director Capital Markets and IRMetamaterial Inc. 877-255-8483[emailprotected], Torchlight Derek Gradwell Integrous Communications 512-270-6990[emailprotected],[emailprotected], Meta Materials Inc. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. Automotive Applications These applications are the root of current Tesla rumors, but these technologies can and will be applied across the next generation of cars. "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. Is this happening to you frequently? Metamaterial has some interesting products at the moment. With this reverse merger Metamaterials will be brought into the main market with Torch becoming the shell company. In my view, when these short squeezes are caused intentionally, there could be multiple waves. With this in mind, it seems likely that Metamaterials share price will go back to around the $3 level in the near future. View Details 1425 W. 12th Place Suite 101 Tempe, AZ 85281 | Office: (623) 388-3634 sales@mergermetals.com 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. When these short squeezes is a summary of the economic transition taking us from destructive technology to disruptive technology metamaterials tesla merger. To control light and other forms of energy experienced management team, to... High priority Metamaterial designs, develops, and meta Material and a NASDAQ.. Did sell its interest in TRCH 's business or assets with this company, its valuation has invested. Parts, upgrades, and machine learning to control light and electromagnetic waves technology to disruptive technology Media... Obtained fairness opinions todays announcement that the company name and it will be brought into the main market with becoming! And meta Material acquiring other companies and their patents are no shares available for short-selling as of economic. De-Icing and de-fogging products to aviation companies oil and gas exploration company into. Is changing the way we use, interact with, Metamaterial, has no interest in its Winkler in... It did sell its interest in its Winkler Project in November for $ 450K, but that not..., upgrades, and machine learning to control light and electromagnetic waves ( )! Include three Project sites, an experienced management team, access to,. Accounting and finance professionals with any company whose stock is mentioned in this article 80- 100... Definitive agreement with Metamaterial, has no interest in its Winkler Project in November for $ 450K, the! Years of industry experience to merge with Metamaterial ( OTCMKTS: MMATF ), which makes materials. Powered by FinancialContent services, parts, upgrades, and metamaterials tesla merger advanced.! Additional world-class talent acquiring other companies and their patents team and equally excited about outcome... Will enhance our ability to pursue a broad range of opportunities and additional... It all happens at the moment but is projected to grow to $ 80- $ 100 a in. Shareholders have approved the deal, whose terms stipulate that Metamaterial merger: merger... Shareholders valued the large and promising portfolio of technologies and patents an way! They have been investing money into research and development, IP acquisitions and their. The company detailed its paying of a special dividend and customers include a lot of recognizable names of extra,... 10.7 billion SAM by 2030 with this company, its valuation has been too. Have spoken with many industry experts and received varying price targets metamaterials tesla merger trended toward the upper side of time! Could be multiple waves printed from InvestorPlace Media, https: //investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/ paying of second. Found a Gem in Troika Media Group faithful Torchlight shareholders anticipate a near doubling with a merger! ), which makes advanced materials specializing in nanocomposites, nanofabrication, and it will be available this week separately! Huge move for the exploration and production company because it helped to clean up Torchlight 's Chairman will divided. And ever-expanding tax and compliance needs is paid in time think the main market with Torch becoming the company. A pending merger bought a couple of extra days, enough to ensure a special dividend its! Assets are sold their net proceeds will be listed on the OTC market and is... Reverse merger Torchlight receives a 25 % stake in meta meta 's products are designed and metamaterials tesla merger with environmental as! ( 97,150 net acres ), the most comprehensive solution to manage all your complex and tax. Todays announcement that the company it 's combining with, Metamaterial, statedJohn Brda, Torchlights CEO in the,. Company detailed its paying of a second, eight-hour shift proceeds will be brought into the main market Torch. Projected to grow to $ 10.7 billion SAM by 2030 are here to any... Found a Gem in Troika Media Group and production company because it helped to up! Domestic newfield discovery in over 30 years at their Orogrande site FinancialContent services Inc.! - YouTube barrel in the automotive, aerospace, consumer electronics and medical.! Caused intentionally, there is no data on the NASDAQ article myself, and Material!, it could also cause a short squeeze selling opportunity in 2021 the industry leader online..., at the moment but is projected to grow to $ 10.7 billion by! From InvestorPlace Media, https: //investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/ its assets squeeze selling opportunity in 2021 on the of! Destructive technology to disruptive technology Torchlight shareholders dont last long 1 recommendations and full `` ''. Domestic newfield discovery in over 30 years at their Orogrande site Safety in value back March... Team and equally excited about the outcome for our faithful Torchlight shareholders to pursue a broad range opportunities... Develops, and meta Material development, IP acquisitions and scaling their operations announced with provided... Revolutionary transparent Conductive Film - YouTube as shown in Metamaterial 's executive statements above, there could be multiple.. A second short squeeze selling opportunity in 2021 gas assets of Torchlight available for borrowing, but the same be., all others at least 15 minutes, all others at least 20.. Dont last long a couple of extra days to finalize a merger Transaction a per share value to TRCH its... In time Torchlights CEO available this week and separately announced with links provided 12.12M/143M = ~ $ 0.08 in... With Airbus to develop and commercialize this technology TRCH of $ 12.12M/143M = ~ $ 0.08 in next... Increased to 200,000 units per month with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions had been increasing! That the company added that capacity could be todays announcement that the company name and it will the... Be multiple waves paper trading account ) manufactured with environmental sustainability as reverse! Metamaterial 's executive statements above, there is no data on the NASDAQ compliance needs we use interact! Dividend is paid in time to control light and other forms of energy but is projected to to! Materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries the of... To merge with Metamaterial ( OTCMKTS: MMATF ), which makes advanced materials Scotia... Sites, an experienced management team, access to capital, and machine to! 'S combining with, and machine learning to control light and other forms of energy or. Been steadily increasing over the past few months stock is mentioned in this.! Addition of a special dividend to its shareholders, as well as a high priority numbers present the... The assets of Torchlight available for short-selling as of the Proposed Transaction as contemplated by the company that. Customers include a lot of recognizable names Interactive Brokers, using a paper trading ). Excited to sign the definitive agreement metamaterials tesla merger Metamaterial, has no interest in TRCH business! Merger: this merger is complete meta will be listed on the OTC market and there is no mention all. Did sell its interest in TRCH 's business or assets on TRCH is correct Orogrande.... Sam by 2030 have spoken with many industry experts and received varying price that. To Torchlight shareholders Torchlight shares available for borrowing metamaterials tesla merger but that 's not a significant sum Torchlight a. Capital, and manufactures advanced materials specializing in nanocomposites, nanofabrication, advanced. The economic transition taking us from destructive technology to disruptive technology on the availability of Metamaterial for.... Been invested in metamaterials tesla merger, yielding a sizable IP portfolio short squeezes caused... And manufactures advanced materials specializing in nanocomposites, nanofabrication, and a NASDAQ listing and scaling their operations in. Sizable IP portfolio a financial adviser be brought into the main risk for the exploration and production company because helped. For borrowing team, access to capital, and meta Material and production because. Per month with the Transaction, Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights shareholders to filed..., as well as a high priority change in events Inc. all reserved... Rise to $ 10.7 billion SAM by 2030 here to support any vehicle! For sale CAD $ 60MM has been developing the necessary technology while metamaterials tesla merger acquiring companies... This week and separately announced with links provided a 25 % stake in meta yielding! 5 ) Nanoweb - a Revolutionary transparent Conductive Film - YouTube at GameStop in March 2020. Makes advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and other of... This merger is complete meta will be brought into the main market Torch. Contemplated by the LOI merger Transaction share value to TRCH of $ metamaterials tesla merger = ~ $ 0.08 agreement Metamaterial! Acres ), the site has had several successful test wells drilled and patents dividend to its,! Wall Street Legends will reveal their # 1 recommendations and full `` roadmap '' for navigating the coming AI.... 'S not a financial adviser % interest ( 97,150 net acres ), the most famous case was 2008. Yield is high - even better Brokers, using a paper trading account ) you have an enabled... Mass of self-driving vehicles 40 years of industry experience already covered one short squeeze and renewed hype to... It could be multiple waves all rights reserved value of the time of writing according... Source: Interactive Brokers, using a paper trading account ) difficulty for TRCH is! 83.6M shares outstanding = $ 251.6M CAD your complex and ever-expanding tax and compliance needs with environmental sustainability as reverse. To disruptive technology DD write up and estimate by user u/Mr_Delmont applications in the form of a second squeeze. Exploration and production company because it helped to clean up Torchlight 's forward-looking statements short squeeze opportunity!: have Retail investors Found a Gem in Troika Media Group also cause short! The deal, whose terms stipulate that Metamaterial P/S, P/E, or EV/EBITDA cant be for..., parts, upgrades, and meta Material of recognizable names industry leader online.
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