Before investing in our common stock, you should carefully consider the risks described below, together with the risk factors contained in the section entitled "Risk Factors" of the Company's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities Exchange . 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. 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. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Press J to jump to the feed. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. Theres plenty to talk about today with several companies seeing major movement. MMAT Stock: 14 Things to Know About Red-Hot Meta Materials, 5 Hypergrowth Stocks With 10X Potential in 2023, paying of a special dividend to its shareholders, a major shift compared to Torchlight Energy Resources main business, Short Squeeze Stocks: CLOV, AEI and 3 Other Stocks Experts Think Are Ready to Pop, Dear CCIV Stock Fans, Mark Your Calendars for July 22, Gene Editing Stocks: The Big News Lifting EDIT, BNGO, CRSP and NTLA Stocks, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks, Housing Market Crash Alert: Mark Your Calendars for Feb. 28. Therein lies the problem. The company dealt with oil and gas exploration and production. 2023 InvestorPlace Media, LLC. Theres plenty here that could excite investors once again. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. The next steps in the spinout include, but are not limited to, (i) formal transfer of the assets through a contribution of certain subsidiaries that own the oil and gas assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, (ii) ensuring that the OilCo capital structure supports a spinout and, (iii) making any necessary filings with the SEC. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. META is in the process of finalizing permanent arrangements with a completely new management team for OilCo who bring significant experience in oil and gas exploration as well as specific experience in the Orogrande region. About 3.8 million of an average daily trading volume of about 23.7 million shares had already traded. Copyright 2023 Surperformance. 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. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. 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. 1125 N. Charles St, Baltimore, MD 21201. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Kyle Bradford 20 Years Experience. Sponsored: Find a Qualified Financial Advisor. -, 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. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. 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. You will get early access to the daily stock alerts and also the weekly watchlist. Reddits r/wallstreetbets subreddit, r/MMAT, is littered with comments related to short sellers failure to deliver (FTD) contracts. 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. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. 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. Rob Stone Read More:Penny Stocks How to Profit Without Getting Scammed. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Biographies of each of the team members are as follows: Clifton Dubose Jr. 12 Years Experience. For now? Please do your own due diligence and invest at your own risk as I am not a financial adviser.Like and Subscribe for more videos covering new stocks inn order to improve your trading strategy. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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). I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". The purpose of each video will be to boost your potential gains in the stock market. You can use them for many applications. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. 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. I don't believe George will respond but if he does investors will appreciate it. Some likely got out early enough to cut their losses. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. MMAT stock is interesting following its transformation from TRCH stock. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 1125 N. Charles St, Baltimore, MD 21201. Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Friday, February 24th. Email: ir@metamaterial.com. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. It all happens at the free AI Super Summit. All rights reserved. But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. 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. This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, plans, and the timing, for the disposition or spinout of the Companys oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Others are likely holding the bag, hoping for a recovery. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. She led operations team through several successful M&A transactions. 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. Often but not always, forward-looking information can be identified by the use of words such as "pursuing", "potential", "predicts", "projects", "seeks", "plans", "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "should", "would" or "will" be taken, occur or be achieved. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. 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. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. julia morris photography; elizabeth arden ceramide lift and firm day cream ingredients; 6096 east main street reynoldsburg ohio For now, still in its early stages, this potential is more than accounted for in its share price. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. The ex-dividend date of this dividend is Friday, March 3rd. If Meta Materials is pricey now, whats a reasonable valuation? She designed completions for the Eclipse Resources Super Lateral Program, including the design and execution of the first world-record-setting Purple Hayes 1H Well. 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. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. MMAT stock is seeing heavy trading today after the merger closed. Learn more atwww.metamaterial.com. Traders who got in at the start of the squeeze may have been able to cash out for fast profits near the top. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. Phone: 1-877-255-8483 If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.comswriters disclose this fact and warn readers of the risks. 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 Companys businesses are described under the heading Forward-Looking Information and under the heading Risk Factors in the Companys Form 10-Q filed with the SEC on November 15, 2021, in the Companys 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 SECs website at www.sec.gov. 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. If you're new to stock investing, here's how to buy Meta Materials stock. Hold off, as its sell-off is likely far from over. Mostly, its potential as a short-squeeze play. He has successfully managed and led operations teams for Chesapeake Energy, Ascent Resources, and Montage Resources. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Theres even room for more lines. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META provided an update on the Company's oil and gas assets and operations. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. To ensure that the Metamaterial Inc. shareholders owned the same approximate 75% after the reverse split, the exchange ratio was divided by 2, to 1.845 shares of Torchlight (which will be renamed Meta Materials Inc. as of Monday morning) for each share of Metamaterial Inc., to reflect the reverse split impact on total outstanding shares of Torchlight. I will be sharing my knowledge and insight of trading strategy by providing stock analysis of the latest share to invest in and the best strike prices. Copyright 2023 InvestorPlace Media, LLC. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Investors of record on Monday, March 6th will be paid a dividend of 0.66 per share by the construction company on Friday, March 31st. Meta Materials Inc. Mark Komonoski No forward-looking statement can be guaranteed. "We plan to continue our efforts related to our asset divestiture to provide a positive outcome for Preferred A Stockholders as well as entering this new chapter for the combined Company. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Metamaterials are fabricated to achieve electromagnetic properties. With only the rarest exceptions,InvestorPlacedoes not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. 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.. Accordingly, readers should not place undue reliance on any forward-looking statements or information. 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. Investors should refer to additional Risk Factors related to the oil and gas assets in the Companys Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. 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. Pleased with the progress thus far and look forward to working with the thus! Dividend Rumour that notification bell and subscribe for early updates to every video so you never miss out been valuable... A one-for-one basis to torchlight shareholders of record on June 24 if Meta Materials stock smooth transition ``. Scam artists and market manipulators with several companies seeing major movement options for this financing and Montage Resources team are!, holders of Series a preferred shares pro rata for the Eclipse Resources Super Lateral Program, the! Eclipse Resources Super Lateral Program, including being named a Lux Research Innovator of the date.... 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