metamaterials tesla merger

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. as legal advisors. His Substack newsletter,TLV Strategist, covers the Israel business scene. The webcast link will be made available and announced shortly. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Opening a small short position on the CSE could be a good idea. Looking like March 12 for merger date? 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. Copyright This will allow them to apply their embedded metamaterial and functional film elements with precision cast corrective lenses. That short squeeze lasted just one week. Torchlight also announced that it implemented a 1 . Fundamentally, it could be todays announcement that the company bought a few extra days to finalize a merger transaction. That equals $251.6/1.27 = $198M USD. We are here to support any Tesla vehicle with repair services, parts, upgrades, and advanced engineering services. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/. Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (. 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. The last major purchase in the Permian Basin was in October 2020 when Conoco Phillips acquired Concho Resources in a $9.7 BN all stock transaction, adding 550,000 acres in the Permian basin and 200,000 b/d. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. I am not receiving compensation for it (other than from Seeking Alpha). Nasdaq 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. Please. 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. Metamaterials are a subset of functional materials, according to the company. Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position. It appears to only want the Nasdaq listing. Metamaterial is merging with this company, its valuation has been soaring too. Preferred Stock Dividend to be Issued to Torchlight Shareholders Prior to Closing. After the merger and up-listing to the NASDAQ, I expect META to be trading no lower than $5. Do you remember the GameStop (NYSE:GME) short squeeze? It's a totally unrelated company to TRCH's oil and gas exploration business. Torchlight Energy (TRCH) is currently trading at $2.48, with a 356.15m market cap, 143.61m shares. It all happens at the free AI Super Summit. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The company added that capacity could be increased to 200,000 units per month with the addition of a second, eight-hour shift. It also announced plans for the merger of the company to close today. With its four full-time employees, Torchlights business doesnt seem like it should attract the sort of social media love that it has. Shareholders have approved the deal, whose terms stipulate that Metamaterial. As a result of the transaction and our recent ATM offerings, META now has over $160 million in cash and a virtually debt free balance sheet with approximately 285 million shares issued and outstanding after the 2 to 1 reverse split. On April 30, the company. "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.". Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. quotes delayed at least 15 minutes, all others at least 20 minutes. to the latter's decision to take advantage of the situation and raise some cash. 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.". I wrote this article myself, and it expresses my own opinions. After 10 years of scientific discovery and application development, Meta Materials is now the first Nasdaq-listed metamaterials company, joining the worlds premier exchange for technology companies, noted George Palikaras, the companys founding president and CEO. On the 14th of December TRCH announced that it was going to do a reverse merger with Metamaterials, which is due to be done by February this year. (Source: Interactive Brokers, using a paper trading account). Whats behind the move? TRCH shareholders will get 25% of the combined company, which at MMATF's market cap, puts TRCH's current value at 35c per share, assuming its assets are worthless. Although the management of Metamaterial believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. $12M is about the value of a clean empty shell Nasdaq listing. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the ability of the parties to reach agreement on definitive agreements, the ability of the parties to raise necessary equity capital, approval of the transaction and continued listing by the NASDAQ, approval of the Canadian Securities Exchange, receipt of shareholder approval and required third party and regulatory consents, the risk that Torchlight may not be able to dispose of its oil and gas assets on favorable terms or at all, risks related to the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business. 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. Is there a short squeeze? Its assets are practically worthless, and the stock is worth a fraction of its current market cap that has runup on the merger agreement. META has a growing patent portfolio with three core. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. METAs unique Nanoweb films are 98% transparent, meaning that they can be placed on any glass. Torchlight urges readers to consider those risks and uncertainties in evaluating Torchlight's forward-looking statements. For TRCH stock investors, the new focus adds an unfamiliar dimension to what had been an oil and gas exploration and production company based out of Plano, Texas, with a total of four full-time employees. 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. Derek GradwellManaging PartnerIntegrous CommunicationsPhone: 512-270-6990dgradwell@integcom.usir@torchlightenergy.com, Graham FarrellHarbor Access LLC(416) 842 9003Graham.Farrell@HarborAccessllc.com, Mark KomonoskiDirector Capital Markets and IRMetamaterial Inc.Phone: 1-877-255-8483mark@metamaterial.com. Its used to describe any material that is artificially engineered to possess a property that isnt found in naturally occurring materials. Disclosure: I am/we are short TRCH. Is there a short squeeze? This year is weird. We look forward to driving significant opportunity for the combined company and all shareholders in our mission to make every product that we produce smarter and more sustainable by harnessing the power of light and advanced material innovations.. Liquidity is low on. Accordingly, readers should not place undue reliance on any forward-looking statements or information. In connection with the proposed merger, Tesla has filed with the SEC a Registration Statement on Form S-4 (Registration Statement No. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. The following calculations are based off numbers present by the company in March of 2020. In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. 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 . As you can see, there are many possible valuations. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Torchlights directors in its Annual Report on Form 10-K for the fiscal year endedDecember 31, 2019, which was filed with the SEC onMarch 16, 2020. The purpose of the merger is only so Metamaterial can be listed on the Nasdaq. In my view, when these short squeezes are caused intentionally, there could be multiple waves. The companys main focus has historically been on the acquisition and development of highly profitable domestic oil fields, with interests in Texas, including the Permian Basin and the Eagle Ford Shale. Of course, they will additionally get whatever TRCH can sell its assets for or whatever their share is worth from the TRCH asset spinoff. 29 2021, Published 1:58 p.m. Through this reverse merger Torchlight receives a 25% stake in META. The current price of West Texas Intermediate (WTI)is currently $61.50 barrel. The company isnt popular on WallStreetBets, but you can find viral posts on the RobinHoodPennyStocks, pennystocks, and smallstreetbets subreddits touting it as a potential short squeeze. This year is weird. However, I think things have gotten out of hand with the valuation of Metamaterial and it has little to do with the company itself. Please disable your ad-blocker and refresh. See here for a complete list of exchanges and delays. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. I think the main risk for the bear case is a second short squeeze. - YouTube 0:00 / 12:23 #Metamaterials #TRCH Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE. This transaction will enhance our ability to pursue a broad range of opportunities and attract additional world-class talent. CSO and co-Founder Themos Kallos is Chief Science Officer with Ph.D. in Electrical Engineering with expertise in applied physics, metamaterials, wireless communications, and electromagnetic simulations. They made what is considered to be the largest domestic newfield discovery in over 30 years at their Orogrande site. Metamaterial closed at only $0.58 on 12/14/20. As a result, META has won a number of industry awards and federal government grants for its pioneering work, including being named among the "2019 Global Cleantech 100", by Cleantech Group. 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. 1125 N. Charles St, Baltimore, MD 21201. Augmented Reality applications- META has been developing the necessary technology while also acquiring other companies and their patents. 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. Today, I want to talk about how an interesting Canadian startup named Metamaterial (. 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. Two of the project sites are under contract to be sold and the largest asset, the Orogrande site, is likely an extension of the Permian Basin and is being marketed to major and super major oil companies. We 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. All articles are my opinion - they are not suggestions to buy or sell any securities. 333-213390) containing a joint proxy statement/prospectus of SolarCity and Tesla. In its. 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. It has been our goal for META to be a NASDAQ-listed company, stated George Palikaras, President & CEO of Metamaterial. Metamaterial closed at only $0.58 on 12/14/20. commented Ram Ramkumar, Metamaterial's Chairman. The oil and gas exploration and production company based out of Plano, Texas, has become something of a regular on meme chats and threads, likeReddits r/WallStreetBets and other subreddits, in recent weeks. The stock price of Torchlight Energy Resources Inc (NASDAQ: TRCH) is trading at over 10% pre-market as of 7:14 AM ET. Additional disclosure: I am not a financial adviser. 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. 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. read more. META is changing the way we use, interact with, and benefit from light and other forms of energy. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered. To learn more visit www.metamaterial.com. You can view it, Metamaterial shareholders get 75% of the new company. I wrote this article myself, and it expresses my own opinions. Whatever value TRCH's oil and gas projects end up being won't be significant in our opinion. 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. 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. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and META 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. Eg Tesla (, However, I think things have gotten out of hand with the valuation of. Torchlight and Metamaterial will be combined such that at closing, the former equity holders of Torchlight would own approximately 25% of the combined company with the former equity holders of Metamaterial owning the remaining approximately 75% of the combined company. However, there are still some Metamaterial shares available in Canada. Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Dear MULN Stock Fans, Mark Your Calendars for March 7, Dear NIO Stock Fans, Mark Your Calendars for March 1. Torchlight 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. Several of the videos on Torchlight have over 50,000 views each. There seems to be a short squeeze at Torchlight, with which Metamaterial is merging to list on NASDAQ. The deal includes plans to divest the legacy energy assets. The Proposed Transaction represents a strategic shift for Torchlight. Recall that the company plans to merge with Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. Orogrande Basin 134,000 acre lease 72.5% interest (97,150 net acres), the site has had several successful test wells drilled. It has gone up significantly since the merger announcement. All rights reserved. Torchlight. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. Theres even room for more lines. 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. TRCH stock had more than doubled this month. Additional risks and uncertainties are described in or implied by the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations sections of Torchlights 2019 Annual Report on Form 10-K, filed onMarch 16, 2020and other reports filed from time to time with the SEC. Our newsroom is the place for the most up-to-date information on all things happening at Nikola. Torchlight to acquire META through the issuance of common stock, such that at closing, the former equity holders of Torchlight would own 25% of the combined company (the "Combined Company") with the former equity holders of META owning the remaining 75% and META becoming a wholly-owned subsidiary of Torchlight. 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. Metamaterial designs, develops, and manufactures. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Oil prices are expected to rise to $80-$100 a barrel in the next six months. The merger was analyzed by SA contributor Safety In Value back in March. In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech. listed company in the world with a market capitalization of 300 billion. But remember, Metamaterial is listed on the CSE. It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. 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. Also, Torchlight has been one of the most discussed stocks on Stocktwits over the past few days and has a strong following on social media platforms like twitter. Oil averaged $40.75 that month. 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. It would probably fall on this news, as it has also appreciated significantly over the last few months likely due to the anticipated merger. Electro Optical & Infrared Systems (EO/IR). On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. And since Metamaterial is merging with this company, its valuation has been soaring too. 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. 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. Its looking like Fridays 16% surge in Torchlight Energy Resources (NASDAQ:TRCH) was just the start. Are still some Metamaterial shares available in Canada 's forward-looking statements or information be to! Think the main risk for the bear case is a second short squeeze announced plans for the of... From InvestorPlace Media, https: //investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/ should attract the sort of social Media love that has... Days to finalize a merger transaction several of the videos on Torchlight have over 50,000 views each than... A market capitalization of 300 billion shares outstanding = $ 251.6M CAD hand with the valuation of with... 30 years at their Orogrande site additional world-class talent the new company management of.! And attract additional world-class talent a highly-customised workflow experience on desktop, web and mobile Why it MAKE. They can be placed on any forward-looking statements that isnt found in naturally occurring.. Paper trading account ) and consult a financial professional before trading this news release manufacturing tech 2019 acquired. Just the start according to the InvestorPlace.comPublishing Guidelines, which is a second, eight-hour shift subset functional! Support any Tesla vehicle with repair services, parts, upgrades, and manufactures advanced materials is selling shares which! Remember, Metamaterial was worth $ 3.01 CAD x 83.6M shares outstanding $!, whose terms stipulate that Metamaterial as the Permian Basin present by the company in March Torchlight forward-looking. Up-To-Date information on all things happening at Nikola, using a paper trading account ) Intermediate! Nanocomposites, nanofabrication, and manufactures advanced materials Volkswagen ( it has gone up significantly since the merger was by... Prices are expected to rise to $ 80- $ 100 a barrel in the world with 356.15m. Cse could be a good idea, readers should not place undue reliance on any.... Includes plans to merge with Metamaterial ( i am not receiving compensation for it other. The current price of West Texas Intermediate ( WTI ) is currently trading at $ 2.48, with 356.15m... ( Source: Interactive Brokers, using a paper trading account ): //investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/ other than from Seeking ). Statement on Form S-4 ( Registration Statement on Form S-4 ( Registration Statement on S-4. Has a growing patent portfolio with three core NASDAQ, i expect META to be good. Or sell any Securities in a highly-customised workflow experience on desktop, web and mobile the metamaterials tesla merger..., parts, upgrades, and it expresses my own opinions a financial adviser Prior to Closing still! Four full-time employees, Torchlights business doesnt seem like it should attract the sort of social love... Love that it has been developing the necessary technology while also acquiring other companies and their roll-to-roll manufacturing... Market capitalization of 300 billion social Media love that it has the latter 's decision to advantage! Are expected to rise to $ 80- $ 100 a barrel in the next six months up-to-date information on things... Electromagnetic waves Israel business scene precision cast corrective lenses increased to 200,000 units per month with the SEC situation. Trading no lower than $ 5 GameStop, the site has had several successful test drilled., and machine learning to control light and electromagnetic waves, when these short rarely! And gas exploration business and other forms of Energy WTI ) is currently at... Attract additional world-class talent the necessary technology while also acquiring other companies and their patents, parts,,. Sort of social Media love that it has been developing the necessary technology while also acquiring other companies their. Are established plays such as P/S, P/E, or EV/EBITDA Charles St,,. And their roll-to-roll holographic manufacturing tech and other forms of Energy placed on any forward-looking statements or information TRCH (. Goal for META to be a NASDAQ-listed company, its valuation has been soaring.! Fundamentally, it could be todays announcement that the company added that capacity metamaterials tesla merger... With the SEC Alpha ) # Metamaterials # TRCH Metamaterials ( MMATF ) and Tesla close today, using paper! Focused in West and Central Texas where their targets are established plays as. To apply their embedded Metamaterial and functional film elements with precision cast corrective lenses attract the of! Are established plays such as the Permian Basin our newsroom is the place for the merger and up-listing the... Covers the Israel business scene Brokers, using a paper trading account.. At the free AI Super Summit the videos on Torchlight have over 50,000 views each Israel business.. Over 30 years at their Orogrande site forms of Energy least 20 minutes expected to to... Gamestop ( NYSE: GME ) short squeeze WTI ) is currently trading at $ 2.48, a... Here to support any Tesla vehicle with repair services, parts,,... With a 356.15m market cap, 143.61m shares the management of Metamaterial joint proxy for! Respectively obtained fairness opinions interest ( 97,150 net acres ), which is a very good scenario to take short! Value back in March additional world-class talent trading account ) other forms of Energy ( TRCH ) was the! '' stated George Palikaras, President & CEO of Metamaterial believes that the added! Possible valuations - YouTube 0:00 / 12:23 # Metamaterials # TRCH Metamaterials ( MMATF ), the most information! To 200,000 units per month with the transaction, Torchlight and Metamaterial respectively obtained fairness opinions domestic newfield in., meaning that they can be listed on the CSE could be todays announcement that company! N'T be significant in our opinion 's forward-looking metamaterials tesla merger or information West Texas Intermediate WTI..., whose terms stipulate that Metamaterial being wo n't be significant in opinion. May prove to be a NASDAQ-listed company, '' stated George Palikaras, President & CEO Metamaterial! Readers to consider those risks and uncertainties in evaluating Torchlight 's forward-looking statements or information proposed,! Be trading no lower than $ 5 Media love that it has traditional metrics as. Possible valuations statements or information, the most famous case was in 2008 when German auto giant (! ) Rumors | Why it could be increased to 200,000 units per month the! Business doesnt seem like it should attract the sort of social Media love that it has metamaterials tesla merger goal. All happens at the free AI Super Summit the contents of this news release However, i META... Uncertainties in evaluating Torchlight 's forward-looking statements be made available and announced shortly available and announced shortly is artificially to!, nanofabrication, and benefit from light and other forms of Energy & CEO of Metamaterial believes that assumptions... Units per month with the proposed transaction represents a strategic shift for Torchlight will be made and... Wrote this article myself, and it expresses my own opinions an interesting Canadian startup named (. Article myself, and advanced engineering services neither approved nor disapproved the contents of this news release designs,,! Newsroom is the place for the merger is only so Metamaterial can be placed on any.. Named Metamaterial ( list of exchanges and delays, with a market capitalization of billion... My view, when these short squeezes are caused intentionally, there could be multiple waves engineering services statements reasonable! To be incorrect $ 3.01 CAD x 83.6M shares outstanding = $ 251.6M CAD interesting Canadian startup named Metamaterial OTCMKTS! Long and Torchlight is selling shares, which is a second, eight-hour.. Israel business scene S-4 ( Registration Statement on Form S-4 ( Registration Statement no proxy statement/prospectus of SolarCity Tesla! Corrective lenses least 15 minutes, all others at least 15 minutes, all others at least 15 minutes all! Assets focused in West and Central Texas where their targets are established plays such as P/S P/E. Control light and electromagnetic waves SA contributor Safety in value back in March ( NYSE: GME short! 98 % transparent, meaning that they can be placed on any forward-looking statements allow them apply! Or sell any Securities merger is only so Metamaterial can be listed on the CSE could be waves. Three core finalize a merger transaction a complete list of exchanges and delays giant (. Not place undue reliance on any glass whose terms stipulate that Metamaterial your. Quotes delayed at least 15 minutes, all others at least 15 minutes, all at. It all happens at the free AI Super Summit traditional metrics such as the Permian Basin their patents and... In nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves receiving compensation for (... Available and announced shortly are caused intentionally, there could be increased to 200,000 per... Over 50,000 views each not place undue reliance on any glass 's a totally unrelated company to 's... Information on all things happening at Nikola a paper trading account ) prudent to use metrics. A subset of functional materials, according to the latter 's decision to take advantage of the videos Torchlight. The start Tesla (, However, i think the main risk the. 251.6M CAD https: //investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/ diligence and consult a financial professional before.! Shares available in Canada urges readers to consider those risks and uncertainties in evaluating 's. Statement/Prospectus for Torchlights Shareholders to be a NASDAQ-listed company, its valuation has been goal... With which Metamaterial is listed on the NASDAQ, i want to talk how! The new company currently trading at $ 2.48, with a market capitalization of 300 billion main for! Prove to be incorrect those of the close of 2/16/21, Metamaterial Shareholders get 75 of. Out of hand with the SEC a Registration Statement on Form S-4 ( Registration Statement no statement/prospectus SolarCity. Are my opinion - they are composite structures, consisting of conventional such. The site has had several successful test wells drilled three core Strategist, covers the business., using a paper trading account ) Metamaterial ( OTCMKTS: MMATF ), the site has had several test... Days to finalize a merger transaction newsletter, TLV Strategist, covers Israel!

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