Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Opera.. Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalm.. Meta Materials Inc. : Other Events, Financial Statements and Exhibits (form 8-K). He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. If Meta Materials is pricey now, whats a reasonable valuation? Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. All rights reserved. Prior to the implementation of the reverse stock split, it was expected that Metamaterial, Inc. shareholders would receive 3.690 shares of Torchlight common stock in exchange for each of their shares of Metamaterial. MMAT MMTLP Metamaterials Special Dividend update. RISK FACTORS . You can even use them to improve solar panel efficiency. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company 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, except to the extent required by law. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? My toughest video so far. More details about these and other risks that may impact the Company's businesses are described under the heading "Forward-Looking Information" and under the heading "Risk Factors" in the Company's Form 10-Q filed with the SEC on November 15, 2021, in the Company's Form 10-K filed with the SEC on March 18, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SEC's website at www.sec.gov. Phone: 1-877-255-8483 Delayed Nasdaq Heres what the data means, according to the SEC: Fails to deliver on a given day are a cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. Until we see further progress with its big plans, its best to stay away. Once we see further progress, that is. In the shareholder letter, founder and CEO George Palikaras said the company expects development programs to account for the majority of our revenue over the next 12 months.. The company closed its merger with Torchlight Energy Resources. Over the past month, its fallen from around $10 to less than $4 per share. Given the scope of the work required to ensure that we remain in compliance with the lease obligations and satisfy a range of regulatory requirements, the Company is targeting a spinout or disposition of the oil and gas assets for early Q1 2022 pending process approvals by all parties involved. No forward-looking statement can be guaranteed. That includes new executives taking on roles as well as changes to the Board of Directors. Press J to jump to the feed. MMAT Stock: 14 Things to Know About Red-Hot Meta Materials, 5 Hypergrowth Stocks With 10X Potential in 2023, paying of a special dividend to its shareholders, a major shift compared to Torchlight Energy Resources main business, Short Squeeze Stocks: CLOV, AEI and 3 Other Stocks Experts Think Are Ready to Pop, Dear CCIV Stock Fans, Mark Your Calendars for July 22, Gene Editing Stocks: The Big News Lifting EDIT, BNGO, CRSP and NTLA Stocks, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks, Housing Market Crash Alert: Mark Your Calendars for Feb. 28. Senior Vice President Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. Theres plenty here that could excite investors once again. Reddit and its partners use cookies and similar technologies to provide you with a better experience. MMAT stock remains inflated. Meta Materials Inc (OTCMKTS: MMTLP) is the placeholder for the Next Bridge Hydrocarbons Spin off from Meta Materials (Nasdaq: MMAT) 1 MMTLP will be exchanged for 1 Next Bridge common share. Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company 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, except to the extent required by law. This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, statements with respect to the plans regarding METAs oil and gas assets and its operations. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. In marketing, brand loyalty indicates consumers commitment to ALSO READ: Goldman Sachs Says Buy 3 Sizzling Stocks Now With Up to 150% Upside Potential. He co-founded Valor Mineral Management and Mineral Tech. 5G reception enhancement is one such possible use. This exchange ratio was planned to result in the Metamaterial Inc. shareholders owning approximately 75% of the resulting post-merger company, Meta Materials Inc, subject to financings prior to the closing of the business combination. Electro Optical & Infrared Systems (EO/IR). This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, plans, and the timing, for the disposition or spinout of the Company's oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. 1125 N. Charles St, Baltimore, MD 21201. Ms. Oelkers has managed engineering teams at Eclipse Resources and Montage Resources, achieving cost and efficiency improvements while implementing innovative technology for substantial reserve recovery. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. quotes delayed at least 15 minutes, all others at least 20 minutes. Automotive Solutions from Meta Materials Featured in Project Arrow At CES 2023, Meta Materials Inc. to Showcase Global Technology Collaborations at CES 2023, President, Chief Executive Officer & Director. You will get early access to the daily stock alerts and also the weekly watchlist. Often but not always, forward-looking information can be identified by the use of words such as pursuing, potential, predicts, projects, seeks, plans, expect, intends, anticipated, believes or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results may, could, should, would or will be taken, occur or be achieved. Home; Our CV. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as the closing of the business combination with Metamaterials, 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. No forward-looking statement can be guaranteed. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. (RTTNews) - Shares of BayWa AG (BYWG) were gaining around 2 percent in the early morning trading in Germany after the operator in the agriculture, building materials and energy sectors reported . Business enquiries:
[email protected] MMTLP Metamaterials New Special Dividend Rumour. This makes it the first company to join the Nasdaq with a focus on creating these materials. I have over 20 years experience as a lecturer in business, accounting, economics and law. Theres plenty to talk about today with several companies seeing major movement. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. "I would like to take this opportunity to thank all of Torchlight's shareholders, its Board and the team at Metamaterial Inc. for their long time support, enthusiasm and efforts in making this merger a success," commented John Brda, Torchlight's Chief Executive Officer. This may end up being a big winner down the road. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and wou. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, plans, and the timing, for the disposition or spinout of the Companys oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . Tel: +44 (0)1294 214402 | irish law times submissions balitang amianan reporters. All statements in this release that are not based on historical fact are 'forward looking statements.' His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. View dividend data for Meta Materials (MMAT) including upcoming dividends, historical dividends, ex-dividend dates, payment dates, historical dividend yields, projected dividends and dividend changes (increases and decreases). Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. It would be very much appreciated by me if you could support my channel by clicking on the link below to buy me a coffee.https://www.buymeacoffee.com/TradingSecretsPatreon details are now ready and available. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. Create an account to follow your favorite communities and start taking part in conversations. Some likely got out early enough to cut their losses. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Plus 3 Stocks for March.It would be very much appreciated by me if you could support my channel by clicking on the link below to buy me a coffee.https://www.buymeacoffee.com/TradingSecretsPatreon will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. 19.0k members in the MMAT community. At a low enough price, it may be a worthwhile bet. But since the transaction completed on June 28, the oil and gas explorer turned advanced materials play has seen a big slide. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. The Company's objective has been and remains to ensure that the intrinsic value of these assets is maintained for the benefit of the Series A Preferred stockholders of META and that the assets or proceeds therefrom are transferred as rapidly as possible to the Series A Preferred stockholders. 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