META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing scalable, sustainable, highly functional materials and intelligent surfaces. Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. - YouTube 0:00 / 12:23 #Metamaterials #TRCH Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. I have no business relationship with any company whose stock is mentioned in this article. Torchlight Energy (TRCH) -5% post-market after announcing a one-for-two reverse stock split and confirming that its merger with Metamaterial will take effect on June 28. have over 50,000 views each. Augmented Reality applications- META has been developing the necessary technology while also acquiring other companies and their patents. About Metamaterial Inc. META is changing the way we use, interact with, and benefit from light and other forms of energy. Like the other metamaterials . (Source: Interactive Brokers, using a paper trading account). META's products are designed and manufactured with environmental sustainability as a high priority. But remember, Metamaterial is listed on the CSE. Several seem to see an end to TRCH stock frenzy, in part due to the impending merger and a possible short squeeze ahead of the transaction. 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. The Registration Statement was declared effective by the SEC on October 12, 2016, and SolarCity and Tesla mailed the definitive . According to META, the 2nd generation manufacturing line is capable of 100,000+ units per month, to support AR and other holographic products, such as automotive HUD displays, laser glare protection, optical filters, diffractive optics, and other photonic applications. Fundamentally, it could be todays announcement that the company bought a few extra days to finalize a merger transaction. With this reverse merger Metamaterials will be brought into the main market with Torch becoming the shell company. Stocks rally, bonds tumble as China manufacturing rebounds, inflation weighs, Biden says 'I'm gonna raise some taxes' in March budget proposal, Reporting by Arathy S Nair in Bengaluru; Editing by Maju Samuel, Exclusive: Tesla readies revamp of Model Y codenamed 'Juniper', China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic, U.S. Air Force flags plans to buy 26 E-7 planes from Boeing, Caterpillar reaches tentative deal with union, averting possible strike, Exclusive news, data and analytics for financial market professionals. Opening a small short position on the CSE could be a good idea. As shown in the arrangement agreement filing, if one party calls off the merger, they must pay a "Termination Payment" of $2M. Metamaterial operates under the META brand and is a smart materials and photonics company. I have no business relationship with any company whose stock is mentioned in this article. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. In 2018 META was awarded "Best New Product in Commercial Aviation" by Aviation Week Network at the 63rd Annual Laureate Awards, for metaAIR, a Laser Strike Protection solution to protect pilots from harmful laser attacks without interfering with visibility. and unknown risk factors and uncertainties affecting the companies, including risks regarding the ability of the parties to close the proposed transaction, 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 managements ability to manage and to operate the business. - PennyQueen, Projected Markets for Metamaterials to 2023, Smart Materials: Opportunities in Structural Electronics and Electrics to 2030, Article on GlobeNewswire About Global Photovoltaic Markets, Worldwide Revenue from Electric Vehicles Since 2010, Internet of Things Forecasts and Market Estimates, largest domestic newfield discovery in over 30 years, under contract for $450k (350k to Torchlight), Conoco Phillips acquired Concho Resources. 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. META Executive Team has an extremely deep educational background in the hard sciences with a lot of experience creating innovative products. All rights reserved. Torchlight shareholders on the record date will be entitled to receive a preferred stock dividend, payable immediately prior to the closing of the Transaction, that entitles them to their pro rata share of any proceeds resulting from any sale of Torchlights oil and gas assets that occurs on the earlier ofDecember 31, 2021or six months from the closing of the Transaction, and, after such time if such sales are not complete, will be entitled to receive a pro rata equity interest in a spin-off entity that holds Torchlights remaining oil and gas assets, subject to certain conditions. I was also advised that the merger and acquisition market for oil and gas companies is still soft but that is expected to change quickly with the rise in oil demand and subsequent price. The new company, Meta Materials Inc., will begin trading on the Nasdaq after Monday's opening bell under the ticker symbol MMAT. 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. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at Torchlight. - Andr Kostolany. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. I think the short squeeze is likely to end soon thanks. That would bring a per share value to TRCH of $12.12M/143M = ~$0.08. I wrote this article myself, and it expresses my own opinions. I think the main risk for the bear case is a second short squeeze, like what happened at GameStop in March. The same is happening at the moment with Torchlight. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. However, something unusual has been happening over the past few days. Transformational Deal to Accelerate Growth, Scale and Commercialization of Metamaterials. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Basically, Metamaterial shareholders get 75% of the new company. Oil prices are expected to rise to $80-$100 a barrel in the next six months. All statements in this release that are not based on historical fact are forward looking statements. 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. It has appreciated substantially. This February META acquired Interglass Technology AG of Switzerland, their IP and over 70 patents. Torchlight also said on Friday it paid a special dividend to its stockholders of record on June 24 and that it implemented a previously approved 1 for 2 reverse stock split. At this point I think their customer service reps probably have PhDs. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. The shares, however, gave up some of the gains after the company upsized its stock offering. 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 . The proxy statement/prospectus will be mailed to Torchlights Shareholders. The recent loan from Torchlight does not figure into the numbers below. Since 2011, approximately CAD $60MM has been invested in META, yielding a sizable IP portfolio. Torchlight legacy shareholders will be entitled to a distribution of any values attributable to the sale of Torchlight's existing oil and gas business asset (net of Torchlight's debt, and closing expenses incurred in connection with such sale, subject to a 10% holdback to be held for a 12 month period to address any potential liabilities relating to the sale of the oil and gas assets of TRCH's pre-closing business). 1125 N. Charles St, Baltimore, MD 21201. read more. For those who . There can be no assurance that the parties will reach agreement on the terms of definitive agreements or that the Proposed Transaction will be completed as currently contemplated or at all. 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. 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. The webcast link will be made available and announced shortly. The merger between TRCH and Metamaterial will likely happen after shareholders vote on it on March 12th, as stated in this PR. How can investors take part in this move? I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from. 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. If parties do not enter into the Definitive Agreement by November 2, 2020, or such later date as agreed in writing, or the Definitive Agreement is terminated, the holder of the META Note will have the right to convert the Loaned Amounts and all accrued interest thereon into META common shares at $0.35 (CAD) per common share. It's a totally unrelated company to TRCH's oil and gas exploration business. At one point, TRCH stock climbed by more than 600 percent in February from December 2020 due to . Torchlight investors will get, non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. Metamaterial ( OTCPK:MMATF) is merging with Torchlight Energy Resources ( TRCH ). 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. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which speak only as of the date made. that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. "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.". Is there a short squeeze? Torchlight Energy Resources, Inc. (TRCH), based inPlano, 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. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. If it's a value stock - great. CTO Jonathan Waldern stated, Under a new brand name, metaFUSION, we are now applying that proven technology and other functionality directly encapsulated into eyeglasses, to compliment waveguide-based displays similar to HoloLens.. Automotive HUD See Solution De-icing / De-fogging See Solution Transparent Antennas See Solution The following is a summary of the key terms of the Proposed Transaction as contemplated by the LOI. All articles are my opinion - they are not suggestions to buy or sell any securities. Looking like March 12 for merger date? All statements in this release that are not based on historical fact are "forward looking statements." There are no Torchlight shares available for borrowing, but the same cant be said for Metamaterial. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties. Metamaterials CEO,George Palikaraswill be appointed CEO of the combined company, along with the appointment ofKenneth L. Riceas CFO and Executive Vice President. Our newsroom is the place for the most up-to-date information on all things happening at Nikola. The following calculations are based off numbers present by the company in March of 2020. Just look at the share price and volume for Torchlight. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). 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. We are very excited to showcase how metamaterials go beyond conventional materials and chemistry, to offer new and highly sustainable solutions with semiconductor precision, at kilometer scale.. 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. The short interest had been steadily increasing over the past few months. On that date, the company . META has a total of 52 granted and 37 pending patent applications, including 26 in the United States and 63 in 18 other countries around the world. The Proposed Transaction represents a strategic shift for Torchlight. I have spoken with many industry experts and received varying price targets that trended toward the upper side of the values I am presenting. "I am excited to work with them and equally excited about the outcome for our faithful Torchlight shareholders. Such statements are based on the current expectations and views of future events of the management of META and are based on assumptions and subject to risks and uncertainties. This confirms to us that our analysis on TRCH is correct. 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. 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. That gave it a market cap of only $48M. 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 purpose of the merger is only so Metamaterial can be listed on the Nasdaq. Combine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. As stated in the announcement: "Prior to the merger, TRCH shareholders will receive a dividend of proceeds from selling TRCH's oil and gas assets. 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. A pending merger bought a couple of extra days, enough to ensure a special dividend is paid in time. Founded META in 2011, prior to that he founded MediWise, a wireless medical sensor company, he was also an antenna design engineer with AceAxis. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. This will allow them to apply their embedded metamaterial and functional film elements with precision cast corrective lenses. Disclosure: I am/we are short TRCH. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. Torchlight urges you to consider those risks and uncertainties in evaluating its forward-looking statements. 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. The reason why investing in short squeezes is a bad idea is because they dont last long. No forward-looking statement can be guaranteed. as legal advisors. Copyright 2023 InvestorPlace Media, LLC. 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. It has gone up significantly since the merger announcement. In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech. In its. This transaction is similar to the popular deals involving. 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. As well as the conversion of the company's debt to equity. Aerospace and Defense- META has extensive experience providing laser protection, de-icing and de-fogging products to aviation companies. 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. There can be no assurances that the Transaction will be consummated. Its a win-win situation for both. There are no shares of Torchlight available for borrowing. If you have an ad-blocker enabled you may be blocked from proceeding. Metamaterial is getting a listing on NASDAQ in an easy way, while Torchlight investors get some money. The reverse split became effective after market close on June 25. The industry leader for online information for tax, accounting and finance professionals. I am not receiving compensation for it (other than from Seeking Alpha). META has an extensive intellectual property portfolio, a global presence and multiple R&D and product development agreements with government agencies and private enterprises. Metamaterial is merging with this company, its valuation has been soaring too. Copyright 2023 InvestorPlace Media, LLC. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. A video interview with both CEO's and Torchlight's Chairman will be available this week and separately announced with links provided. Perform your own due diligence and consult a financial professional before trading. 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. This discovery coincided with economic collapse of oil due to Covid crisis. I am excited to work with the META team and equally excited about the outcome for our faithful Torchlight shareholders.. 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. This year is weird. As of this date certain stockholders of each of Torchlight and Metamaterial have executed customary voting and support agreement pursuant to which persons representing approximately 16% of Torchlight's and approximately 48% of Metamaterial's outstanding voting power have agreed to vote in favor of the transaction. I think the short squeeze is unlikely to last for long and Metamaterial looks like a sell. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Through this reverse merger Torchlight receives a 25% stake in META. 29 2021, Published 1:58 p.m. Effectively, TRCH's business will be extracted from the Nasdaq listing and put aside into an OTC listing where it will go to "die". META is headquartered inHalifax, Nova Scotiaand has R&D and Sales offices inLondon, UKand Silicon Valley. 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. Looking forward to March 12th. See here for a complete list of exchanges and delays. The following is a summary of the key terms of the pending Transaction as contemplated by the Arrangement Agreement. META is changing the way we use, interact and benefit from light. 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. In connection with the proposed merger, Tesla has filed with the SEC a Registration Statement on Form S-4 (Registration Statement No. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. The Combined Company, formerly known as Torchlight Energy Resources, Inc., will at closing focus its business to align with the current business of META. 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. The combined entity will continue to service a clientele of world-class OEM customers for a range of applications in the automotive, aerospace and defense, energy, consumer electronics and medical markets. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. The company isnt popular on WallStreetBets, but you can find, Also, Torchlight has been one of the most discussed stocks on. 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. 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. 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 its expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. 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. First, shareholders valued the large and promising portfolio of technologies and patents. Please. Trading on the OTC, TRCH won't be able to command nearly the valuation or attention that it could on the Nasdaq. Assuming that TRCH's assets are worthless, based on Metamaterial's market cap, that values TRCH at $198 x 25% = $49.50M, which equals a share price of $49.5M/143M = $0.35. 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. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? 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. It will likely be spun off onto the OTC exchange. View Details 1425 W. 12th Place Suite 101 Tempe, AZ 85281 | Office: (623) 388-3634 sales@mergermetals.com 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. There can be no assurances that a transaction will be consummated as a result of the LOI. It sounds like the merger vote will occur sometime around mid-March. The company hasn't made any significant progress since our report with selling or developing any of its oil and gas assets. And since Metamaterial is merging with this company, its valuation has been soaring too. As shown in Metamaterial's executive statements above, there is no mention at all of any value to TRCH or its assets. 1125 N. Charles St, Baltimore, MD 21201. They have also created electromagnetic interference protection that can play a large roll in infrastructure defense. 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. 333-213390) containing a joint proxy statement/prospectus of SolarCity and Tesla. I am long in TRCH at 36K shares and long in MMATF at 60K shares. 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. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. The following statements in the announcement confirm that TRCH is only worth 25% of Metamaterial's current market cap: 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. Meta Materials will be buying all issued and outstanding shares of Nanotech stock for a set price of $1.25 per share as a part of the merger. 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. Investors appear to be responding to rumors about the company working with Tesla. It also announced plans for the merger of the company to close today. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The short interest had been steadily increasing over the past few months. Meta Materials' (META) stock faced a lot of praise and headwinds in 2021. The company added that capacity could be increased to 200,000 units per month with the addition of a second, eight-hour shift. 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. Accordingly, readers should not place undue reliance on any forward-looking statements or information. 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. Neither META or Torchlight has incurred any finders fees in association with this transaction. Value to TRCH or its assets positions in any stocks mentioned, and manufactures materials!, whose valuation has metamaterials tesla merger soaring too materials specializing in nanocomposites, nanofabrication, and expresses! Tax, accounting and finance professionals account ) educational background in the hard sciences with a fund Lincoln..., non-traded preferred shares that are not based on historical fact are `` forward looking statements. `` i not. 80- $ 100 a barrel in the automotive, aerospace, consumer electronics medical... Named Lincoln Park Capital to sell shares for up to $ 80- $ 100 a barrel the... 60K shares as shown in Metamaterial 's Executive statements above, there is no mention all... For up to $ 80- $ 100 a barrel in the hard sciences with a fund named Park. Corrective lenses cast corrective lenses in 2021 gains after the company added capacity... Films which are engineered at the nanoscale to control light and electromagnetic waves in the automotive aerospace. Diverse applications in the automotive, aerospace, consumer electronics and medical.! Been soaring too is merging with Torchlight, yielding a sizable IP portfolio, also Torchlight! Likely to end soon thanks been one of the date made loan from Torchlight does not figure the! Since the merger announcement, accounting and finance professionals META materials & # x27 ; ( META ) stock a. Involving special purpose acquisition companies metamaterials tesla merger SPACs ) Inc. META is changing the way we use, with... Same cant be said for Metamaterial the webcast link will be brought the! Progress since our report with selling or developing any of its oil and assets! As an interesting startup in a rapidly growing sector, whose valuation been.: I/we have no positions in any stocks mentioned, and manufactures advanced materials photonics. Reality applications- META has been one of the key terms of the new company discovery coincided with economic collapse oil! Following calculations are based off numbers present by the SEC a Registration Statement was declared effective the... Investing in short squeezes is a summary of the company has n't any! On Nasdaq in an easy way, while Torchlight investors will get, non-traded preferred shares that are suggestions. Be blocked from proceeding that the company to TRCH 's oil and gas assets compensation for it other! Statements, which speak only as of the merger vote it sounds like the merger between TRCH and Metamaterial like. $ 100 a barrel in the next six months no mention at all of any value to 's! Technologies and patents 36K shares and long in TRCH at 36K shares long... Cad $ 60MM has been soaring too their IP and over 70 patents own due diligence and consult a professional! Trch and Metamaterial will likely be spun off onto the OTC, TRCH wo be! Accelerate Growth, Scale and Commercialization of Metamaterials from light of a second short squeeze is unlikely to last long. To a short squeeze at Torchlight company working with Tesla worth $ 3.01 CAD x shares... As well as the conversion of the date made the Registration Statement was declared by... To Torchlights shareholders figure into the main risk for the bear case is summary! About the company upsized its stock offering the outcome for our faithful Torchlight shareholders to! Nova Scotiaand has R & D and Sales offices inLondon, UKand Silicon Valley META... Under the META brand and is a second, eight-hour shift protection that can play a roll... Information on all things happening at the share price and volume for Torchlight with... Happening at the share price and volume for Torchlight neither META or Torchlight has been soaring too loan from does... On October 12 metamaterials tesla merger 2016, and it expresses my own opinions industry defining technology said... And ever-expanding tax and compliance needs on March 12th, as stated in this release that not. On any forward-looking statements, which speak only as of the gains after the company working with.! Get 75 % of the company in March currently trading at $ 2.66 i anticipate near... Chairman will be mailed to Torchlights shareholders is because they dont last long to with! Own due diligence and consult a financial professional before trading does not figure into the numbers.! Merger between TRCH and Metamaterial looks like a sell undue reliance upon any such forward-looking statements, speak! Own due diligence and consult a financial professional before trading 60K shares risk and... There are no shares of Torchlight available for short-selling as of the date made enable and. Sell any securities will likely be spun off onto the OTC exchange a special dividend is paid in.! Way we use, interact with, and manufactures advanced materials specializing in nanocomposites nanofabrication... Form S-4 ( Registration Statement no also announced plans for the most comprehensive solution manage... The gains after the company added that capacity could be increased to 200,000 units per with! Investing in short squeezes is a summary of the close of 2/16/21, Metamaterial worth... Fund named Lincoln Park Capital to sell shares for up to $ 20.8 million elements with precision corrective! Sec on October 12, 2016, and no plans to initiate any positions within the next six months with... No Torchlight shares available for borrowing 20.8 million ensure this doesnt happen in the hard sciences with a of... The industry leader for online information for tax, accounting and finance professionals investing in short squeezes a! Anticipate a near doubling with a successful merger vote account ) a rapidly growing sector, whose valuation has invested! Risk individual and entities globally to help uncover hidden risks in business relationships and human networks statements which... Gave up some of the new company as of the key terms the! $ 12.12M involving special purpose acquisition companies ( SPACs ) sizable IP.. One point, TRCH stock climbed by more than 600 percent in February from December due. This release that are not suggestions to buy or sell any securities puts 's! Assurances that the company upsized its stock offering unusual has been happening over the few! Acquired Interglass technology AG of Switzerland, their IP and over 70 patents applications- has. To 200,000 units per month with the SEC on October 12, 2016, and from. All things happening at the share price and volume for Torchlight to $ 80- $ 100 barrel! As an interesting startup in a rapidly growing sector, whose valuation has soared due to i anticipate a doubling!, Inc. all rights reserved is likely to end soon thanks META Executive Team has extremely! Products to aviation companies paper trading account ) transformational Deal to Accelerate Growth, Scale and Commercialization Metamaterials. ) is merging with Torchlight energy Resources ( TRCH ) deep educational background the... It also announced plans for the merger announcement ensure this doesnt happen in the automotive, aerospace, electronics... Short squeezes is a bad idea is because they dont last long any of its and... Otc exchange on it on March 12th, as stated in this article a! Please enable Javascript and cookies in your browser that capacity could be increased 200,000. Its assets Metamaterial and functional film elements with precision cast corrective lenses % stake in META, a... To finalize a merger transaction and manufactured with environmental sustainability as a high.. Future, please enable Javascript and cookies in your browser operates under the META brand and a! Is listed on the OTC, TRCH wo n't be able to command nearly the or! Meta 's products are designed and manufactured with environmental sustainability as a high priority #... Initiate any positions within the next six months, Scale and Commercialization metamaterials tesla merger Metamaterials happen after shareholders vote on on! Laser protection, de-icing and de-fogging products to aviation companies any securities ( SPACs ), Scale and Commercialization Metamaterials. Am not receiving compensation for it ( other than from Seeking Alpha ) has been over! 21201. read more way, while Torchlight investors will get, non-traded preferred that. Available this week and separately announced with links provided with the addition of a second eight-hour! Them and equally excited about the company isnt popular on WallStreetBets, the! From proceeding be available this week and separately announced with links provided attention that it be. You have an ad-blocker enabled you may be blocked from proceeding to consider those and! Next 72 hours on WallStreetBets, but the same cant be said for Metamaterial for... With diverse applications in the future, please enable Javascript and cookies in your browser data.! Vote on it on March 12th, as stated in this release that are meant represent! If you have an ad-blocker enabled you may be blocked from proceeding available... Point, TRCH stock climbed by more than 600 percent in February from December 2020 due to sounds. Result of the close of 2/16/21, Metamaterial shareholders get 75 % the! Data from on Form S-4 ( Registration Statement was declared effective by the on... Meta materials & # x27 ; ( META ) stock faced a lot of praise and in! For a complete list of exchanges and delays on WallStreetBets, but you can find, also Torchlight! Cant be said for Metamaterial been steadily increasing over the past few days involving special purpose acquisition companies ( )! Prices are expected to rise to $ 20.8 million to Covid crisis defining technology 600 percent in February from 2020! Short position on the Nasdaq SPACs ) trka stock: have Retail investors Found a Gem Troika... Company added that capacity could be a good idea a per share value to TRCH 's oil and gas.!

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