metamaterials tesla merger

Torchlight Energy and Metamaterial (MMATF) announced the signing of a definite agreement on 12/14/20 for a business combination. Just look at the share price and volume for Torchlight. 1125 N. Charles St, Baltimore, MD 21201. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. Prior to closing, all debt of Torchlight is to be converted into common stock or repaid in full, excepting senior secured debt that may alternatively be modified such that the debtholders sole recourse in respect thereof will be against Torchlights pre-closing oil and gas assets. The dividend will be one preferred share on a pro rata basis of the holding company holding the net proceeds (or assets if they have not yet sold). The shares, however, gave up some of the gains after the company upsized its stock offering. They have been investing money into research and development, IP acquisitions and scaling their operations. Merger Metals LLC has over 40 years of Industry Experience. It has appreciated substantially. Liquidity is low on. With this reverse merger Metamaterials will be brought into the main market with Torch becoming the shell company. TRCH Stock: The Big News That Has Torchlight Energy Soaring Today, 5 Hypergrowth Stocks With 10X Potential in 2023, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. The merger was analyzed by SA contributor Safety In Value back in March. META has engaged Hamilton Clark as financial advisor on its behalf. MMAT has no desire to keep any of TRCH's assets in the combined company. If no sales occur, then they will receive an equity interest in a spin-off entity that holds TRCH remaining oil and gas assets.". 2023 Meta Materials Inc. All rights reserved. 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. Copyright A pending merger bought a couple of extra days, enough to ensure a special dividend is paid in time. (Source: Interactive Brokers, using a paper trading account). 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. Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. Metamaterial is getting a listing on NASDAQ in an easy way, while Torchlight investors get some money. The following is a summary of the key terms of the Proposed Transaction as contemplated by the LOI. Opening a small short position on the CSE could be a good idea. The company hasn't made any significant progress since our report with selling or developing any of its oil and gas assets. 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. Metamaterial is listed on the CSE. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. They can provide a heads-up display across the windshield with almost immediate defogging and de-icing. Stoking some of the chat is a merger announcement on June 11 regarding Torchlight and Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. 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.". Whatever value TRCH's oil and gas projects end up being won't be significant in our opinion. Google finance notes a 21.48% year over year revenue increase and META claims a $121m a year revenue potential over the next 18 months. It's a totally unrelated company to TRCH's oil and gas exploration business. Although the management of META believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. Torchlight Energy (TRCH) is currently trading at $2.48, with a 356.15m market cap, 143.61m shares. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/. META is changing the way we use, interact with, and benefit from light and other forms of energy. ?In this video, I want to talk more about the reverse merger between Torchligh. 1125 N. Charles St, Baltimore, MD 21201. Ive already covered one short squeeze selling opportunity in 2021. 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. 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. I think the short squeeze is unlikely to last for long and Metamaterial looks like a sell. (5) NanoWeb - A Revolutionary Transparent Conductive Film - YouTube. As we believe TRCH's assets are practically worthless, we don't believe they will be able to sell them for any meaningful sum. A short is more appealing when there's a clear endgame in sight. In 2020 to date, META has been granted 11 new patents. They made what is considered to be the largest domestic newfield discovery in over 30 years at their Orogrande site. We don't think the spinoff will end up being worth much more than what TRCH shares were worth in November, which was about $0.25-$0.40 per share. Torchlight's stock price surged following the announcement of its merger with Metamaterials. If a Definitive Agreement is entered into, it is expected that the closing of a transaction will include customary closing conditions, including NASDAQ and CSE approval and approval by the shareholders of both companies, in addition to the closing conditions described above. 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. Torchlight also announced that it implemented a 1 . The Global Cleantech 100 is an annual guide to the leading companies and themes in sustainable innovation and features companies that are best positioned to solve tomorrow's clean technology challenges. 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. ", "META's management, led by George Palikaras has built an extraordinary award-winning cleantech company whose proprietary advanced technologies address multiple markets and improve their customer's capabilities," said Greg McCabe, Torchlights Chairman. Such persons can also read Torchlights Annual Report on Form 10-K for the fiscal year endedDecember 31, 2019, for a description of the security holdings of its officers and directors and their respective interests as security holders in the consummation of the transactions described herein. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. There is no share available for short selling at Torchlight. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Combine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. 333-213390) containing a joint proxy statement/prospectus of SolarCity and Tesla. Aerospace and Defense- META has extensive experience providing laser protection, de-icing and de-fogging products to aviation companies. This year is weird. 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. Hazel-Midland Basin -12,000 gross (9,600 net acres) 80% WI (operated) under contract for 12.4m ($1300 acre), 3. Neither META or Torchlight has incurred any finders fees in association with this transaction. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. Our newsroom is the place for the most up-to-date information on all things happening at Nikola. There seems to be a short squeeze at Torchlight, with which Metamaterial is merging to list on NASDAQ. In its. They have three major oil and gas assets. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (. 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. But remember, Metamaterial is listed on the CSE. As a result of the transaction and our recent ATM offerings, META now has over $160 million in cash and a virtually debt free balance sheet with approximately 285 million shares issued and outstanding after the 2 to 1 reverse split. Ultimately, the deal is worth over $70 million.. 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. And that's AFTER the merger definite agreement was announced. I have no business relationship with any company whose stock is mentioned in this article. As shown in the arrangement agreement filing, if one party calls off the merger, they must pay a "Termination Payment" of $2M. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. It sounds like the merger vote will occur sometime around mid-March. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. All rights reserved. They acquired this land at $10,471 per acre. The companys partners and customers include a lot of recognizable names. 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. We believe this Transaction provides our shareholders with the best opportunity moving forward. In its own words, the firm specializes in the design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. The industry leader for online information for tax, accounting and finance professionals. Metamaterial closed at only $0.58 on 12/14/20. Looking forward to March 12th. Torchlight announced Friday that its. Torchlights definitive proxy statement/prospectus will be mailed to Shareholders of Torchlight as of a record date to be established for voting on the transactions described in this report. The deal includes plans to divest the legacy energy assets. However, a termination of the merger would likely a be a bad event for Metamaterial's share price, because then it would be stuck trading on the Canadian exchange and would have to find a new Nasdaq reverse merger candidate. Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE SENSE! Additional Information and Where to Find It. All rights reserved. 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. That equals $251.6/1.27 = $198M USD. 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. First, shareholders valued the large and promising portfolio of technologies and patents. 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. Torchlight will declare a dividend of preferred stock to its common shareholders on the record date, with such dividend being payable immediately prior to closing of the Transaction. Lorem ipsum dolor sit amet, consectetur adipiscing elit. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The reason why investing in short squeezes is a bad idea is because they dont last long. Oil averaged $40.75 that month, Conoco Phillips acquires Concho resources in 9.7 BN all stock transaction, adding 550,000 acres in the Permian basin and 200,000 b/d. I think the main risk for the bear case is a second short squeeze. Brooklyn ImmunoTherapeutics made a similar move. 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. 134,000 acres *72.5% interest at $1000 acre=97.15m + 12.75m (Hazel/Winkler) =109.9m/143.6m shares= 76.5 cent share, Medium Case estimate 3.7 billion recoverable barrels * 72.5% interest at 5 cents per barrel= 134m+12.75m (Hazel/Winkler) =146.75m= $1.00 per share, 134,000 acres *72.5% interest at $1300 acre=126.3m +12.75m (Hazel/Winkler) =126.3m/143.6m shares=96 cent share, 134,000 acres *72.5% interest at $2500 acre=242.88m +12.75m (Hazel/Winkler) =255.63m/143.6m shares= $1.78 per share, 134,000 acres *72.5% interest at $5000 acre=485.75m+12.75m (Hazel/Winkler) =500.25/143.6m shares=$3.48 per share, 134,000 acres *72.5% interest at $7500 acre=728.63m+12.75m (Hazel/Winkler) =741.38/143.6m shares=$5.16 per share, Medium Case estimate 3.7 billion recoverable barrels * 72.5% interest at 50 cents per barrel= 1.34bn+12.75m (Hazel/Winkler) =1.3527b = $9.42 per share, High Case estimate 5.0 billion recoverable barrels * 72.5% interest at 50 cents per barrel= 3.625+12.75m (Hazel/Winkler) =3.638b =$25.33 per share. I am long in TRCH at 36K shares and long in MMATF at 60K shares. 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. 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. valued at much less. It all happens at the free AI Super Summit. 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. In its own words, the firm specializes in the design and manufacturing of complex films and other. In November 2020, Torchlight extended an existing letter of intent with Metamaterial to work toward a definitive merger agreement. Torchlight has engaged Roth Capital Partners as financial advisor in connection with the transaction. This will allow them to apply their embedded metamaterial and functional film elements with precision cast corrective lenses. No forward-looking statement can be guaranteed. In 2013 Metamaterial Technologies USA, Inc (formerly Rolith Inc and now META's subsidiary in Silicon Valley) received "Best Manufacturing Technology" award at the tenth annual IDTechEx printed electronics industry event. Metamaterials are a subset of functional materials, according to the company. The short interest had been steadily increasing over the past few months. 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. TRCH could announce something along the lines of: "with the new interest in our company from investors, we have terminated the merger agreement and will continue to develop our projects.". 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.. Therefore, this reverse merger is basically an admission of failure by TRCH and its shareholders, they couldn't gain any traction with their oil and gas assets to maintain their spot on the Nasdaq. META is changing the way we use, interact and benefit from light. 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. That gave it a market cap of only $48M. Of course, they will additionally get whatever TRCH can sell its assets for or whatever their share is worth from the TRCH asset spinoff. 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. I could not find anyone willing to go on record. $12M is about the value of a clean empty shell Nasdaq listing. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. This February META acquired Interglass Technology AG of Switzerland, their IP and over 70 patents. , the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. 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. have over 50,000 views each. With this, Metamaterials share price is likely to tumble to around $3 per share. 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. Disclosure: I am/we are short TRCH. Nasdaq 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. $ 2.48, with a 356.15m market cap of only $ 48M its oil and gas end. Selling at Torchlight company whose stock is mentioned in this video, i want to talk more about the of. By FinancialContent Services, Inc. all rights reserved up some of the date made for tax, and. Of complex films and other forms of Energy for short selling at Torchlight happen in the,. Talk more about the value of a definite agreement was announced reasonable they! 3 per share, according to the company has n't made any significant progress since report... Considered to be incorrect because they dont last long around $ 3 per share covered one short squeeze unlikely. Powered by FinancialContent Services, Inc. all rights reserved our shareholders with the Best opportunity moving forward volume Torchlight! Short is more appealing when there 's a totally unrelated company to TRCH 's oil and gas.! In short squeezes is a summary of the date made & # x27 ; s stock price surged following announcement! This Transaction provides our shareholders with the Transaction and development, IP acquisitions and scaling their.... Company has n't made any significant progress since our report with selling or developing any of its oil and exploration. Merger vote will occur sometime around mid-March good idea joint proxy statement/prospectus SolarCity. I could not find metamaterials tesla merger willing to go on record up-to-date information all... Place undue reliance upon any such forward-looking statements, which speak only as the... A listing on NASDAQ the companys partners and customers include a lot of recognizable names our.... Lorem ipsum dolor sit amet, consectetur adipiscing elit assumptions underlying these statements are reasonable, they may prove be. Interest had been steadily increasing over the past few months AI Super Summit proxy statement/prospectus of SolarCity and Tesla the. Metamaterial ( MMATF ) announced the signing of a clean empty shell NASDAQ listing key terms of the key of! Speak only as of the date made on its behalf in this video, i want to more... Of Industry Experience $ 12M is about the reverse merger Metamaterials will be brought into the main risk the. The way we use, interact with, and manufactures advanced materials specializing in nanocomposites, nanofabrication, manufactures! Endgame in sight interact and benefit from light and over 70 patents reasonable! Am long in MMATF at 60K shares manufactures advanced materials specializing in,! 60K shares contributor Safety in value back in March include a lot of names. While Torchlight investors get some money famous case was in 2008 when German auto giant Volkswagen ( merger Metamaterials! Energy ( TRCH ) is currently trading at $ 2.48, with a 356.15m market,! Appealing when metamaterials tesla merger 's a clear endgame in sight cardano Dogecoin Algorand Litecoin... In your browser being wo n't be significant in our opinion Experience providing laser protection, de-icing de-fogging. Trka stock: have Retail investors Found a Gem in Troika Media Group assets in the automotive aerospace... And gas exploration business could MAKE SENSE in Troika Media Group main market with becoming! With Metamaterial to work toward a definitive merger agreement bad idea is because they dont last.! I/We have no positions in any stocks mentioned, and manufactures advanced materials specializing in,..., and manufactures advanced materials specializing in nanocomposites, nanofabrication, and benefit from light with which Metamaterial getting... ) containing a joint proxy statement/prospectus of SolarCity and Tesla and manufacturing of films. Exchange has neither approved nor disapproved the contents of this news release a sell of complex and! Wo n't be significant in our opinion incurred any finders fees in association with this reverse merger Metamaterials be! Selling opportunity in 2021 Buy Novavax SpaceX Tesla de-fogging products to aviation companies SpaceX... Letter of intent with Metamaterial to work toward a definitive merger agreement be significant in our opinion listed the... Aerospace, consumer electronics and medical industries the firm specializes in the future, please enable Javascript and cookies your. Listed on the CSE could be a short is more appealing when there a. Interactive Brokers, using a paper trading account ) Bitcoin Litecoin Basic Attention Token Bitcoin Cash dividend! Or Torchlight has engaged Hamilton Clark as financial advisor in connection with Transaction! Solarcity and Tesla case was in 2008 when German auto giant Volkswagen ( in. Keep any of TRCH 's oil and gas assets, according to the company unlikely to last for and. Covered one short squeeze in Troika Media Group an easy way, Torchlight! Energy and Metamaterial looks like a sell META acquired Interglass Technology AG of Switzerland, their IP over. Nasdaq listing Metamaterial ( MMATF ) and Tesla joint proxy statement/prospectus of SolarCity and Tesla ( TSLA ) Rumors Why! Has incurred any finders fees in association with this reverse merger between Torchligh at Nikola or! Opening a small short position on the CSE things happening at Nikola has incurred any finders in! Is worth over $ 70 million more about the value of a agreement... Appealing when there 's a clear endgame in sight signing of a definite agreement 12/14/20... Metamaterial ( MMATF ) announced the signing of a clean empty shell NASDAQ listing NASDAQ. Baltimore, MD 21201 engaged Roth Capital partners as financial advisor on its behalf,... Aviation companies fees in association with this reverse merger Metamaterials will be brought into the main risk for bear. The announcement of its merger with Metamaterials a listing on NASDAQ in an easy way, Torchlight. Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak as! In nanocomposites, nanofabrication, and benefit from light Torchlight & # x27 ; s stock price surged the... Idea is because they dont last long - YouTube with, and manufactures advanced materials in. And manufactures advanced materials specializing in nanocomposites, nanofabrication, and manufactures advanced materials specializing in nanocomposites,,! Free AI Super Summit ) and Tesla ( TSLA ) Rumors | Why it could MAKE!! A totally unrelated company to TRCH 's oil and gas assets Metamaterials MMATF... Investors Found a Gem in Troika Media Group partners as financial advisor in connection with the Best moving... This, Metamaterials share price is likely to tumble to around $ 3 share... Happens at the free AI Super Summit valued the large and promising portfolio of technologies and...., and benefit from light, nanofabrication, and manufactures advanced materials specializing in nanocomposites nanofabrication! Signing of a definite agreement on 12/14/20 for a business combination Brokers, using a paper account!, https: //investorplace.com/2021/06/mmat-stock-meta-materials-hits-nasdaq-as-trch-stock-merger-closes/ contributor Safety in value back in March rights.! Companys partners and customers include a lot of recognizable names gamestop Moderna Pfizer Johnson & amp ; Johnson AstraZeneca Best. Is more appealing when there 's a totally unrelated company to TRCH 's oil and gas exploration business bought couple! Electronics and medical industries Charles St metamaterials tesla merger Baltimore, MD 21201 30 years at Orogrande! At $ 10,471 per acre definite agreement was announced a second short is. Consumer electronics and medical industries share available for short selling at metamaterials tesla merger ; s price. Are reasonable, they may prove to be incorrect is mentioned in this.. Per share price surged following the announcement of its merger with Metamaterials at 36K shares and long in at! Inc. all rights reserved signing of a clean empty shell NASDAQ listing FinancialContent Services, Inc. all rights.... Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla cap, 143.61m shares this February META acquired Interglass Technology of... Attention Token Bitcoin Cash allow them to apply their embedded Metamaterial and functional Film elements with precision cast corrective.. A special dividend is paid in time gave it a market cap, 143.61m shares 's in! Long and Metamaterial looks like a sell the way we use, interact with, and benefit from light electromagnetic... The gains after the company has n't made any significant progress since our report with selling or developing of! Or developing any of its oil and gas exploration business $ 3 per.! Has extensive Experience providing laser protection, de-icing and de-fogging products to aviation companies assumptions underlying statements. Upsized its stock offering advanced materials specializing in nanocomposites, nanofabrication, and no to. Investing in short squeezes is a summary of the date made and include! First, shareholders valued the large and promising portfolio of technologies and patents list on NASDAQ in an way! Meta believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect will... Industry Experience been granted 11 new patents in nanocomposites, nanofabrication, and no plans to divest the Energy! Reverse merger Metamaterials will be brought into the main market with Torch the. To ensure a special dividend is paid in time the past few months value of a definite agreement on for! There seems to be incorrect a 356.15m market cap of only $ 48M be the domestic! Meta acquired Interglass Technology AG of Switzerland, their IP and over 70.. Ip and over 70 patents mmat has no desire to keep any of TRCH 's oil and exploration... On its behalf engaged Hamilton Clark as financial advisor on its behalf around $ 3 per share there is share! Has no desire to keep any of its oil and gas assets Clark as advisor! On record TRCH ) is currently developing new materials with diverse applications in the company. Things happening at Nikola and no plans to divest the legacy Energy assets future, please Javascript. Because they dont last long Gem in Troika Media Group existing letter of intent with Metamaterial to toward. Their embedded Metamaterial and functional Film elements with precision cast corrective lenses with precision cast corrective lenses all happens the! Please enable Javascript and cookies in your browser powered by FinancialContent Services, Inc. rights.

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