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. It may be able to turn its technology into high levels of growth in the coming years. 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. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. 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). 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. 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. HALIFAX, NS / ACCESSWIRE / December 3, 2021 /Meta Materials Inc. (the Company or META) (NASDAQ:MMAT, FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned sale or spinout of these assets for the benefit of the Series A preferred stockholders. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. What is Meta Materials's Dividend Payment Date? In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META providedan updateon the Companys oil and gas assets and operations. This will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. 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 assets or proceeds therefrom are transferred as rapidly as possible to the Series A Preferred stockholders. 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#tradingsecrets #MMAT #milliondollarchallengeThis video is for entertainment purposes only. 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. As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. 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. Theres plenty to talk about today with several companies seeing major movement. With many applications for its technology, the company has big opportunities across many sectors. Meta Materials Inc. Mark Komonoski Others are likely holding the bag, hoping for a recovery. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. So is using them to deice and defog Lidar cameras on self-driving vehicles. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. He led the drilling and operational teams through the development of the super-lateral program highlighted by the drilling and completion of the world record setting Purple Hayes 1H Well. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. MMAT MMTLP George Palikaras CEO of MetaMaterials Inc. speaks on 5G, on Microwave Journal Q&A Panel. Meta Materials : ARfusion - Solving the Challenges of Fashionable, Functional AR .. Meta Materials : Joins Stanford University SystemX Alliance Affiliates Program, Meta Materials : to Present at Access to Giving Virtual Investor Conference on July 15th, Meta Materials : to Hold Corporate Update Webcast at 1 PM EDT Today. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . This is my toughest video so far and am aware that not all investors will agree with the questions but I think it is important to present them. Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. julia morris photography; elizabeth arden ceramide lift and firm day cream ingredients; 6096 east main street reynoldsburg ohio 2023 InvestorPlace Media, LLC. 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. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. For now? More details about these and other risks that may impact the Companys businesses are described under the heading Forward-Looking Information and under the heading Risk Factors in the Companys Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2, in the Companys Form 10-Q filed with the SEC on November 15, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SECs website at www.sec.gov. Known as Glucowise, the company projects an annual market potential topping $15 billion. -, Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Operations, Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalmics (Form 8-K). Before you run out and buy this stock, keep in mind its many years away from coming even close to this level of success. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. The company also reported long-term lease liabilities of $1.15 million. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. 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. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. 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. 5G reception enhancement is one such possible use. 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. 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. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. Reddits r/wallstreetbets subreddit, r/MMAT, is littered with comments related to short sellers failure to deliver (FTD) contracts. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. 2023 Meta Materials Inc. All rights reserved. (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 . There may be opportunity down the road with the now-named MMAT stock. The required audit, legal and compliance steps are inherently time consuming, said Greg McCabe, former Chairman of the Board of Torchlight Energy Resources, Inc. I am pleased with the progress thus far and look forward to seeing the spinout completed.. Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. Daren Rader 16 Years Experience. Shares have plenty more room to tumble as meme stock investors continue to head for the exits. 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. The net loss per share in the June quarter was $0.03, based on 197.9 million weighted average shares. -, Wall Street Set to Open Lower as Inflation Data Concerns Investors, Meta Materials Wins New Purchase Order From G10 Central Bank Customer, Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Optic Technology, KolourOptik, https://www.accesswire.com/676024/META-Provides-Update-on-the-Special-Series-A-Preferred-Stock-Dividend. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. 1125 N. Charles St, Baltimore, MD 21201. Follow me on this journey to success and profits. Copyright That includes a Board expansion to include seven additional members. A recovery isnt likely to happen any time soon. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. No, MMAT has not paid a dividend within the past 12 months. I have over 20 years experience as a lecturer in business, accounting, economics and law. You will get early access to the daily stock alerts and also the weekly watchlist. There are 3 levels to choose from. 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. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Copyright 2023 InvestorPlace Media, LLC. Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. The merger also resulted in leadership changes for the two companies. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. 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 can use them for many applications. Watch till the end as I try to include a short Trading Lesson to increase your knowledge, reduce your risk and improve your strategyI have over 20 years experience as a lecturer in business, accounting, economics and law. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. As InvestorPlaces Chris MacDonald wrote July 6, Meta Materials is making progress in producing a non-invasive glucose sensing system. 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 Meta Materials Inc. (NASDAQ: MMAT) META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. All rights reserved. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Finding a qualified financial advisor doesnt have to be hard. Nasdaq The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. Assuming that the company formerly known as Metamaterials would have reported no or few assets held for sale, the bulk of the assets would have had to come from Torchlight Energy. Accordingly, readers should not place undue reliance on any forward-looking statements or information. The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with . He is also an attorney, licensed to practice law in the State of Texas. Some likely got out early enough to cut their losses. Since coming public in a June 28 reverse merger with Torchlight Energy, Meta Materials Inc. (NASDAQ: MMAT), a Canada-based company known as Metamaterials before the deal, the share price has plunged by nearly 58%. This points to the stock having plenty of room to fall before its no longer overvalued. No forward-looking statement can be guaranteed. Tel: +44 (0)1294 214402 | irish law times submissions balitang amianan reporters. Press question mark to learn the rest of the keyboard shortcuts. End-of-day quote Nasdaq 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 . Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. Press question Mark to learn the rest of the keyboard shortcuts MMAT has not a! 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