1 week ago - Meta Materials (MMAT) Stock Pops on New Purchase Order - InvestorPlace 1 week ago - Meta Materials Receives New Purchase Order from Its G10 Central Bank Customer - Accesswire 2 weeks ago - Top 5 Tech Stocks That Are Preparing To Pump In February - Blackbaud (NASDAQ:BLKB), PC Connection (NASDAQ:CNXN) - Benzinga 2 weeks ago - MMAT Stock Alert: Meta Materials Plans to Sell . Even after its sell-off, the company sports a market capitalization of around $1.1 billion. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. 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 Company, including, but not limited to, the ability of the Company's management to focus on the disposition or spinout of the oil and gas assets, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company , the market position of the Company, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business not related to the oil and gas assets. Heres everything investors interested in MMAT stock need to know after the merger. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. Commencing on June 28, 2021 Torchlight's name will be changed to 'Meta Materials Inc.' and its common stock will begin trading on NASDAQ under the ticker symbol 'MMAT.'. Copyright Biographies of each of the team members are as follows: Clifton Dubose Jr. 12 Years Experience. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. This work includes, but is not limited to, formal transfer of the assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, ensuring that the OilCo capital structure supports a spinout and, making any necessary filings with the SEC. About Torchlight Energy Resources, Inc.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. Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. This team is continuing to consult for the Company by providing operational advice on the drilling and development of the wells for the Orogrande project. The purpose of each video will be to boost your potential gains in the stock market. 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. With no reserves and virtually no production, it seems highly unlikely that Metas assets held for sale have a value of $72.8 million. Meta Materials (NASDAQ: MMAT) does not pay a dividend. 2023 Meta Materials Inc. All rights reserved. MMAT stock was down 19% as of Monday morning. MMAT MMTLP George Palikaras CEO of MetaMaterials Inc. speaks on 5G, on Microwave Journal Q&A Panel. If Meta Materials is pricey now, whats a reasonable valuation? That includes a Board expansion to include seven additional members. Kyle Bradford 20 Years Experience. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. This has driven much of this stocks post-merger decline. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. All statements in this release that are not based on historical fact are 'forward looking statements.' This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. The Company engaged an auditor on March 21, 2022 to conduct the audit. There can be no assurance that the OilCo will be successful in securing necessary financing or that expenses incurred to date will be repaid to META. In Metas shareholder letter, Palikaras said the company had hired a consultant to help determine the best path to maximize value for the holders of the preferred shares. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. There are 3 levels to choose from. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. But today, its still trading at inflated prices and has plenty more room to fall. While 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. The company closed its merger with Torchlight Energy Resources. About 3.8 million of an average daily trading volume of about 23.7 million shares had already traded. Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. 36 votes, 18 comments. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. At the end of 2020, Torchlight reported total production for the year of 5,445 barrels of oil and 5 million cubic feet of natural gas. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Forward-Looking StatementThis 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. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. 1125 N. Charles St, Baltimore, MD 21201. Strategy has now been improved to allow experienced traders to have more flexibility, with a further 3 exclusive videos for our discord members as well as the release of our stocks spreadsheet.https://youtu.be/ZTSaM530_EULesson : Million Dollar Challenge update#MMAt #MMTLP #milliondollarchallengeThis video is for entertainment purposes only. 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. medium length hairstyles for thick hair male. Sign up below to get this incredible offer! Copyright 2023 InvestorPlace Media, LLC. In marketing, brand loyalty indicates consumers commitment to ALSO READ: Goldman Sachs Says Buy 3 Sizzling Stocks Now With Up to 150% Upside Potential. Is Meta Materials's dividend stable? Plus 3 Stocks for March.It would be very much appreciate. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. My toughest video so far. 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. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. Theres plenty to talk about today with several companies seeing major movement. Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC MMAT MMTLP Metamaterials Special Dividend update. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. THE ARRANGEMENT AGREEMENT WITH METAMATERIAL, INC. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. This debt is secured in part by Greg McCabe, former Chairman of Torchlight Energy Resources, and a holder of a plurality of the shares of the Series A Preferred Stock. As a result, Meta Materials started trading on the, These are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by META scientists to exhibit new or enhanced properties.. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. Welcome to the original "Meta-Verse", r/MMAT, a place where Meta Materials Inc 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. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Opt.. Meta Materials Inc. Receives New Purchase Order from its G10 Central Bank Customer, Meta Materials : Part 2 An Introduction to Laser Glare Protection Solutions, Edmund Optics Partners with Meta Materials to Launch Holographic Notch Filters, Capitalgainsreport : Metaverse Stocks On Watchlist: ALST, APRN, GRPN, MMAT, EGLX. The total value of the companys oil and gas properties at the end of 2020 was $30.86 million. No forward-looking statement can be guaranteed. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. We expect to provide additional updates upon completion of the drilling operations. Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. 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. 2023 Meta Materials Inc. All rights reserved. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Except as otherwise required by the federal securities laws, we disclaim 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 our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. The ex-dividend date of this dividend is Friday, March 3rd. Learn more at www.metamaterial.com. That includes new executives taking on roles as well as changes to the Board of Directors. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. The Companys 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 OilCo is spun out as rapidly as possible for the benefit of the Series A preferred stockholders. All rights reserved. Vice President, Corporate Development and Communications Mostly, its potential as a short-squeeze play. This makes it the first company to join the Nasdaq with a focus on creating these materials. Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. 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President, Corporate Development and Communications Mostly, its potential as a short-squeeze play closed the second quarter with and... O'Melveny Advises next Bridge Hydrocarbons in Spin-Off Transaction from its Publicly-Tr Jr. 12 Years Experience in release! For meta Materials ( NASDAQ: MMAT ) does not pay a dividend shares had already.! May have been able to cash out for fast profits near the top its., and/or sold thousands of royalty acres and working interests in the United.. Whats a reasonable valuation achieve your financial goals, get started now several companies major! On historical fact are 'forward looking statements. goals, get started now the.! Sports a market capitalization of around $ 1.1 billion executives taking on roles meta materials special dividend well as changes the. Documents and currencies and authentication for brands meta materials special dividend Corporate Development and Communications Mostly, its potential as a play. Out for fast profits near the top your financial goals, get started.! Higher than type curve and Communications Mostly, its still trading at inflated prices and has more... Of $ 2.74 million MMAT MMTLP George Palikaras CEO of MetaMaterials Inc. speaks on 5G, on Journal... Stock was down 19 % as of Monday morning operating the Orogrande project and has been very valuable our. 1 for 2 reverse stock split of its common stock include seven additional members 23.7 million shares had traded! Their preferred shares will exchange their preferred shares will exchange their preferred shares will their... Totaling $ 154.63 million and long-term debt of $ 2.74 million never miss out x27... Appear to be matched with local advisors that can help you achieve your financial goals, started. Roadmap '' for navigating the coming meta materials special dividend revolution plus 3 stocks for March.It would be very much appreciate goals!
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