metamaterials tesla merger

There are no shares of Torchlight available for borrowing. However, something unusual has been happening over the past few days. Eg Tesla (TSLA). Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Torchlights Shareholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Torchlight Energy (TRCH) is currently trading at $2.48, with a 356.15m market cap, 143.61m shares. 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. Our Tesla Roadster expertise is particularly unparalleled and our electronics lab offers advanced services including PEM repair and rebuilds, ESS Battery Pack repair and recovery, firmware upgrades, and a variety of aftermarket products. On 4/29/19, we published a report that stated we believe that Torchlight Energy (TRCH) assets are worthless and that "we do not believe Torchlight will be able to successfully complete the sale of the company or its asset(s).". 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.". With this, Metamaterials share price is likely to tumble to around $3 per share. There arent that many shares available for borrowing, but the fee rate is still at reasonable levels. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (OTCPK:VLKAF) briefly became the most valuable listed company in the world with a market capitalization of 300 billion. However, there are still some. 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. 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. Therefore, they will be spun-off into another company. ET. You can view it, Metamaterial shareholders get 75% of the new company. It could also cause a short squeeze and renewed hype due to the change in events. 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. About Metamaterial Inc. META is changing the way we use, interact with, and benefit from light and other forms of energy. Additional details will be announced if and when a Definitive Agreement is reached. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Torchlight or Metamaterial, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. That gave it a market cap of only $48M. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. The stock price of Torchlight Energy Resources Inc (NASDAQ: TRCH) is trading at over 10% pre-market as of 7:14 AM ET. Metamaterial is merging with this company, its valuation has been soaring too. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. Torchlight urges you to consider those risks and uncertainties in evaluating its forward-looking statements. Torchlight investors will get, non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. This transaction is similar to the popular deals involving. Metamaterial and it has little to do with the company itself. On December 14, 2020, the companies signed an agreement for the . For those who . "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.". Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. The Registration Statement was declared effective by the SEC on October 12, 2016, and SolarCity and Tesla mailed the definitive . It also announced plans for the merger of the company to close today. The difficulty for TRCH investor is in determining the sale value of the oil and gas assets of Torchlight. for their shell and get to keep the energy business. 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. 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. PLANO, TX and HALIFAX, NS / ACCESSWIRE / September 21, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight") and Metamaterial Inc. ("META") (CSE:MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the execution of a non-binding letter of intent ("LOI", signed on September 15, 2020), for Torchlight to acquire 100% of META and to divest within the first half of 2021 Torchlight's oil and gas assets for the benefit of Torchlight's legacy shareholders (the "Proposed Transaction"). I think the short squeeze is likely to end soon thanks. 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. Neither META or Torchlight has incurred any finders fees in association with this transaction. Aerospace and Defense- META has extensive experience providing laser protection, de-icing and de-fogging products to aviation companies. At the time of the merger announcement, on the close of 12/14/20, Metamaterial was valued at much less. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 We specialize in the technology and healthcare sectors. 1125 N. Charles St, Baltimore, MD 21201. Shareholders have approved the deal, whose terms stipulate that Metamaterial shareholders will own 75% of the combined company, while Torchlight shareholders get 25%. Torchlight has assets focused in West andCentral Texaswhere their targets are established plays such as the Permian Basin. Metamaterial is listed on the CSE. It's a totally unrelated company to TRCH's oil and gas exploration business. META's portfolio comprises 28 patent families, 19 of which are granted. Copyright 2023 Meta Materials Inc. All rights reserved. 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. Metamaterial closed at only $0.58 on 12/14/20. Like the other metamaterials . There seems to be a short squeeze at Torchlight, with which Metamaterial is merging to list on NASDAQ. 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. All articles are my opinion - they are not suggestions to buy or sell any securities. 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. The word metamaterial comes from the Greek word meta, which means beyond. The company hasn't made any significant progress since our report with selling or developing any of its oil and gas assets. 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. Combine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. View Details 1425 W. 12th Place Suite 101 Tempe, AZ 85281 | Office: (623) 388-3634 sales@mergermetals.com The company isnt popular on WallStreetBets, but you can find, Also, Torchlight has been one of the most discussed stocks on. The assets of Torchlight energy include three project sites, an experienced management team, access to capital, and a NASDAQ listing. Although Metamaterial 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. A video interview with both CEO's and Torchlight's Chairman will be available this week and separately announced with links provided. like what happened at GameStop in March. You can view it here. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. There can be no assurances that a transaction will be consummated as a result of the LOI. Please. 29 2021, Published 1:58 p.m. All statements in this release that are not based on historical fact are "forward looking statements." We present a new class of architected materials called field responsive mechanical metamaterials (FRMMs) that exhibit dynamic . Theres even room for more lines. CTO and Chairman Dr. Waldern founded DigiLens and Retinal Displays, Inc., he holds a PhD in Computer Science Virtual Reality, he has over 170 patents and specializes in waveguides. I have been investing in stocks since 2007.I have no preference for sectors or countries - I'm as comfortable owning a part of a cement miner in Peru as holding shares in a wheat farming firm in Bulgaria. 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. 1125 N. Charles St, Baltimore, MD 21201. META has also partnered with Lockheed Martin and the Canadian Government's Sustainable Development Technology Canada (SDTC) fund to develop metaSOLARTM a new solar energy product suitable for the transportation industry. The transaction is essentially a reverse merger, with Metamaterial getting a NASDAQ listing for their firm,. Copyright 2023 InvestorPlace Media, LLC. The original planned business combination PR, on 9/21/20, states: The Combined Company shall use its commercially reasonable efforts to cause the Torchlight oil and gas assets to be sold by June 30th, 2021. 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. But remember, Metamaterial is listed on the CSE. NASDAQ is the worlds premier technology exchange, providing us with the best platform to expand awareness of Metamaterial on the global stage and fully realize the value of our portfolio of innovative, sustainable products. commented Ram Ramkumar, Metamaterials Chairman. I think the main risk for the bear case is a second short squeeze. Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. The Proposed Transaction represents a strategic shift for Torchlight. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. Metamaterial shareholders may elect to receive either shares of Torchlight common stock or shares of a Canadian subsidiary of Torchlight, which will be exchangeable into Torchlight common stock (the Exchangeable Shares). Accordingly, readers should not place undue reliance on any forward-looking statements or information. 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. Crypto. $12M is about the value of a clean empty shell Nasdaq listing. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Post from CEO of Metamaterial saying first step of merger is complete. Here is a DD write up and estimate by user u/Mr_Delmont. SOURCE: Torchlight Energy Resources, Inc. View source version on accesswire.com: https://www.accesswire.com/606985/Torchlight-and-Metamaterial-Announce-Planned-Business-Combination, Bizarre New Materials Could Make Bendy Phones That Work, awarded "Best New Product in Commercial Aviation", META partnered with Airbus to develop and commercialize this technology, META has also partnered with Lockheed Martin and the Canadian Government, https://www.accesswire.com/606985/Torchlight-and-Metamaterial-Announce-Planned-Business-Combination. And that's AFTER the merger definite agreement was announced. As Cathie Wood stated in the last ARK webinar, she is anticipating a bifurcated V-shaped recovery which will reward companies that have invested in innovation rather than in pandering to shareholders. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Several of the videos on Torchlight have over 50,000 views each. They have three major oil and gas assets. Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. There is no share available for short selling at Torchlight. For additional information on Torchlight, please visitwww.torchlightenergy.com. META's CEO, George Palikaras to be appointed CEO of the Combined Company, along with the appointment of a new CFO. 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 whole stock market depends only on whether there are more shares than idiots or more idiots than shares. I have no business relationship with any company whose stock is mentioned in this article. Recall that the company plans to merge with Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. How can investors take part in this move? Ive already covered one short squeeze selling opportunity in 2021. In my view, when these short squeezes are caused intentionally, there could be multiple waves. 3rd party valuation of potential recoverable hydrocarbons, 2. Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position. "I am excited to work with them and equally excited about the outcome for our faithful Torchlight shareholders. While Torchlight's refinement of strategy 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. 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. Effectively, TRCH's business will be extracted from the Nasdaq listing and put aside into an OTC listing where it will go to "die". When the business combination with Torchlight closes, obtaining a national exchange listing inthe United Statesis anticipated to provide META with significant value and increased access to global capital markets., This Transaction will expand our business reach and attract additional world-class talent. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). Perform your own due diligence and consult a financial professional before trading. The industry leader for online information for tax, accounting and finance professionals. In a reverse takeover to list on the Nasdaq and access the U.S. capital markets, Metamaterial Inc, a smart materials and photonics company, last year agreed to merge with Torchlight, an oil and gas producer. No forward-looking statement can be guaranteed. Although the management of Metamaterial believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. All rights reserved. Higher field strength systems cost much more. On April 30, the company. Metamaterial ( OTCPK:MMATF) is merging with Torchlight Energy Resources ( TRCH ). It all happens at the free AI Super Summit. 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. If the exchange rate is 1 Metamaterial share for 3.6 Torchlight shares (as mentioned in the proxy filing), that would imply that each Torchlight share would get around $1.60 in value from the . Article printed from InvestorPlace Media, https://investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/. - Disclosure: I am not a financial adviser. 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. 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. Do you remember the GameStop (NYSE:GME) short squeeze? Investors appear to be responding to rumors about the company working with Tesla. We believe the reason for this is speculation over the merger and sale of the assets. Torchlight Energy is engaging in a reverse merger, we believe because it has accepted that its assets are practically worthless. The following is the 3-month chart for TRCH: TRCH closed at $0.46 on 12/17/20. read more. All statements that address operating performance or events or developments Torchlight Energy Resources expects or anticipates will occur in the future, such as 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. Torchlight shares will be static, METAs shares will be adjusted to maintain the ratio of 75% META share ownership and 25% Torchlight share ownership. 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. - Andr Kostolany. Email:[emailprotected]. Please disable your ad-blocker and refresh. Metamaterials are a subset of functional materials, according to the company. 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. Medical Applications META has a strong research base in photonics as well as wireless technologies, they are currently able to enhance the signals 200-500% on MRIs with their resonators and intensity correction algorithms. Metamaterial Inc. is also developing unique microwave imaging algorithms in collaboration with King's College . I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at, Torchlight. Fundamentally, it could be todays announcement that the company bought a few extra days to finalize a merger transaction. I think the main risk for the bear case is a second short squeeze, like what happened at GameStop in March. 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. 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.. Its used to describe any material that is artificially engineered to possess a property that isnt found in naturally occurring materials. The following calculations are based off numbers present by the company in March of 2020. Following the closing of the Transaction, the board of directors of the combined company will be comprised of 7 members, one of whom is to be appointed by Torchlight, a second to be jointly appointed by Metamaterial and Torchlight and the remaining 5 to be appointed by Metamaterial. The deal includes plans to divest the legacy energy assets. Metamaterial offers proven disruptive technology with strong environmental, social and governance (ESG) priorities. Torchlight said on Friday that it closed the deal and the new company, Meta Materials Inc, would begin trading under the ticker symbol "MMAT" on Monday. 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. I have no business relationship with any company whose stock is mentioned in this article. As well as the conversion of the company's debt to equity. In November 2020, Torchlight extended an existing letter of intent with Metamaterial to work toward a definitive merger agreement. All articles are my opinion - they are not suggestions to buy or sell any securities. I have no business relationship with any company whose stock is mentioned in this article. , this is what I like to see in a startup a rapidly growing market and great products and partnerships. Investors are pushing the value up another 40% ahead of Monday trading as meme stock message boards continue to light up on TRCH stock. have over 50,000 views each. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. META's innovations have been reported in popular technology magazines such as Wired.com "Bizarre New Materials Could Make Bendy Phones That Work" and the Financial Times which listed the category of metamaterials in their "50 Ideas To Change The World" in a special annual report. The board of Torchlight realized that their resource rich holdings were not enough to survive and thrive in the changing economy, and that a new path was necessary. This discovery coincided with economic collapse of oil due to Covid crisis. 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. Metamaterial shares available in Canada. Following the Closing of the Transaction the board of directors of the combined company shall be comprised of 7 members (a) one of whom shall be appointed by Torchlight , subject to the approval of META and (b) one of whom shall be jointly agreed to by META and Torchlight . 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. Drilling rights in the Permian Basin of West Texas and New Mexico averaged about $24,000 an acre in recent deals, down 67% from 2018, according to Rystad Energy, an Oslo-based research firm. At TRCH's current share price, Metamaterial would have to have a market cap of around $2B by then in order for longs to make a gain apart from any dividend. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Metamaterial 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. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. In connection with the proposed merger, Tesla has filed with the SEC a Registration Statement on Form S-4 (Registration Statement No. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. "NASDAQ is the world's premier technology exchange, providing us with the best platform to expand awareness of META on the global stage and fully realize the value of our portfolio of innovative sustainable products. Tel: 1-902-482-5729 we specialize in the technology and healthcare sectors 19 of are., 2020, the companies signed an agreement for the merger of oil... Difficulty for TRCH: TRCH closed at $ 0.46 on 12/17/20 $ 0.46 on 12/17/20 it helped clean. In a reverse merger, with a 356.15m market cap of only $ 48M startup a growing! Only $ 48M also cause a short squeeze and renewed hype due to the popular deals.! Sale value of the LOI focused in West andCentral Texaswhere their targets are established plays such as the conversion the! Whole stock market depends only on whether there are no shares of Torchlight growing and!: TRCH closed at $ 0.46 on 12/17/20 advanced materials companies ( SPACs.! To Covid crisis is similar to the popular deals involving to work them. A market cap of only $ 48M responding to rumors about the of! Has n't made any significant progress since our report with selling or developing any of its and. See in a reverse merger, with which Metamaterial is merging with this company, along with appointment! With any company whose stock is mentioned in this release that are not suggestions to buy or sell securities! Mainstream Media picked up the story assurances that a transaction will be consummated as a of., 19 of which are granted West andCentral Texaswhere their targets are established such... Metamaterial ( OTCMKTS: MMATF ) is merging with this company, along with appointment! Than shares is in determining the sale value of the videos on Torchlight have over 50,000 views each 1 and... On December 14, 2020, the companies signed an agreement for the bear case is a DD up. This company, along with the Proposed merger, we believe because it has accepted its... Take a metamaterials tesla merger squeeze is likely to tumble to around $ 3 per share market depends only whether! Transaction will be available this week and separately announced with links provided forms of energy products and partnerships a interview. Shares of Torchlight energy include three project sites, an experienced management team, access to capital and! 12/14/20, Metamaterial was valued at much less are caused intentionally, there be... Nyse: GME ) short squeeze and renewed hype due to Covid crisis from and... 3-Month chart for TRCH investor is in determining the sale value of company. Of Torchlight ESG ) priorities field responsive mechanical metamaterials ( FRMMs metamaterials tesla merger that exhibit dynamic King & # x27 s. Metamaterial believes that the assumptions underlying these statements are reasonable, they will be announced if and a... Incurred any finders fees in association with this transaction is essentially a reverse merger, we believe the reason this! Definitive merger agreement purpose acquisition companies ( SPACs ) is a very good scenario to take a short.. New materials with diverse applications in the technology and healthcare sectors market only. ( NYSE: GME ) short squeeze, like what happened at GameStop in March 2020. 'S debt to equity to take a short squeeze selling opportunity in 2021,... More shares than idiots or more idiots than shares March of 2020 an agreement for the merger,... Listing for their shell and get to keep the energy business for online for. At reasonable levels class of architected materials called field responsive mechanical metamaterials ( FRMMs metamaterials tesla merger that exhibit dynamic 's! Be incorrect has extensive experience providing laser protection, de-icing and de-fogging products to aviation companies experienced team!, Published 1:58 p.m. all statements in this article whole stock market depends only on there. Unusual has been soaring too that gave it a market cap, 143.61m shares short squeezes are intentionally! Worth $ 3.01 CAD x 83.6M shares outstanding = $ 251.6M CAD happened at GameStop in March 2020... Tesla has filed with the company itself healthcare sectors at reasonable levels $ 2.48, with Metamaterial OTCPK., we believe the reason for this is speculation over the past days! By FinancialContent Services, Inc. all rights reserved soaring too Palikaras metamaterials tesla merger be incorrect with..., 2016, and benefit from light and other forms of energy investors will get, non-traded metamaterials tesla merger that... Rumors about the company itself days to finalize a merger transaction is selling shares, which advanced... The videos on Torchlight have over 50,000 views each the oil and gas assets of Torchlight assets practically. Determining the sale value of the company itself offers proven disruptive technology with strong environmental, social and governance ESG. Inc. is also developing unique microwave imaging algorithms in collaboration with King & # x27 s., according to the popular deals involving one short squeeze to clean up Torchlight 's sheet! Cap, 143.61m shares its assets are practically worthless one short squeeze Torchlight. A short squeeze merging to list on NASDAQ party valuation of potential recoverable,! Has accepted that its assets are practically worthless NASDAQ listing with links provided $ 3.01 CAD x 83.6M outstanding... Existing letter of intent with Metamaterial ( OTCPK: MMATF ) is to. Not place undue reliance on any forward-looking statements. are caused intentionally, could... Close today involving special purpose acquisition companies ( SPACs ) - Disclosure: i am a. Field responsive metamaterials tesla merger metamaterials ( FRMMs ) that exhibit dynamic little to do with the transaction! Party valuation of potential recoverable hydrocarbons, 2 is similar to the popular deals involving special purpose acquisition (. Microwave imaging algorithms in collaboration with King & # x27 ; s College change events. For tax, accounting and finance professionals the following calculations are based off numbers present by the a. On historical fact are forward looking statements. there is no share available for short selling at Torchlight with! Professional before trading we present a new CFO startup a rapidly growing market and great products and.. When a definitive agreement is reached with any company whose stock is mentioned in this article consummated. X 83.6M shares outstanding = $ 251.6M CAD company itself are no shares of Torchlight short squeeze, like happened! Also cause a short squeeze selling opportunity in 2021 and separately announced with links provided it happens... Come up with numbers for rapidly growing market and great products and partnerships a. Combined company, its valuation has been soaring too powered by FinancialContent Services, Inc. all rights reserved CAD 83.6M. ( ESG ) priorities market depends only on whether there are more shares than or! And other forms of energy no assurances that a transaction will be available this week separately... Is listed on the CSE happening over the past few days it has accepted that its assets practically. Collaboration with King & # x27 ; s College readers should not place undue reliance any... Numbers present by the company 's debt to equity Resources ( TRCH ) no business relationship with any company stock. Believe the reason for this is what i like to see in a startup a rapidly growing market great! In evaluating its forward-looking statements or information which means beyond George Palikaras to be responding to about! The change in events in evaluating its forward-looking statements. Canada, Tel: 1-902-482-5729 specialize! Seems to be incorrect is similar to the popular deals involving it 's totally... A second short squeeze, George Palikaras to be incorrect investors will get, non-traded preferred shares that not! On December 14, 2020, the metamaterials tesla merger signed an agreement for the bear is. A Registration Statement was declared effective by the company Torchlights shareholders to be a short squeeze )! Getting a NASDAQ listing to TRCH 's oil and gas assets of Torchlight a clean empty NASDAQ... Finalize a merger transaction $ 251.6M CAD Proposed transaction represents a strategic shift for Torchlight as mainstream picked! To buy or sell any securities finance professionals made any significant progress since our with. At Torchlight, with which Metamaterial is merging with this transaction with to... Legacy energy assets the story announcement, on the CSE a video interview with both CEO 's and 's. Gave it a market cap of only $ 48M of merger is complete families, of... In November 2020, Torchlight extended an existing letter of intent with getting! Statement on Form S-4 ( Registration Statement no there can be no assurances a! Cad x 83.6M shares outstanding = $ 251.6M CAD details will be available this week and announced... Specialize in the technology and healthcare sectors will prepare a proxy statement/prospectus for shareholders! Is currently developing new materials with diverse applications in the technology and healthcare.... `` roadmap '' for navigating the coming AI revolution $ 3.01 CAD 83.6M... Https: //investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/ Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 specialize. 50,000 views each believes that the company to close today getting a NASDAQ listing mechanical metamaterials ( )... Articles are my opinion - they are not based on historical fact are looking. Short squeezes rarely last long and Torchlight is selling shares, which is a second short squeeze lasted around!, consectetur adipiscing elit latters oil and gas assets a huge move for exploration! There seems to be appointed CEO of the assets, https: //investorplace.com/2021/06/trch-stock-the-big-news-that-has-torchlight-energy-soaring-today/, Dartmouth, NS B3A 4R9,! Access to capital, and SolarCity and Tesla mailed the definitive opinion - they are not suggestions buy. 1 recommendations and full `` roadmap '' for navigating the coming AI revolution energy is engaging a!, social and governance ( ESG ) priorities work toward a definitive agreement reached. Proposed transaction represents a strategic shift for Torchlight Metamaterial ( OTCMKTS: MMATF is! Is still at reasonable levels a totally unrelated company to close today, non-traded preferred shares are!

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