meta materials special dividend

On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. But since the transaction completed on June 28, the oil and gas explorer turned advanced materials play has seen a big slide. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. For additional information on Torchlight, please visit www.torchlightenergy.com. 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. HALIFAX, NS / ACCESSWIRE / March 31, 2022 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT) (FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets which is now planned as a . Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. In the shareholder letter, founder and CEO George Palikaras said the company expects development programs to account for the majority of our revenue over the next 12 months.. Except as otherwise required by the federal securities laws, we disclaim 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 our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. All statements in this release that are not based on historical fact are 'forward looking statements.' Given the scope of the work required to ensure that we remain in compliance with the lease obligations and satisfy a range of regulatory requirements, the Company is targeting a spinout or disposition of the oil and gas assets for early Q1 2022 pending process approvals by all parties involved. Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. The company closed its merger with Torchlight Energy Resources. News that the deal was at a close came on Friday from Torchlight Energy Resources. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Commencing on June 28, 2021 Torchlight's name will be changed to 'Meta Materials Inc.' and its common stock will begin trading on NASDAQ under the ticker symbol 'MMAT.'. That includes new executives taking on roles as well as changes to the Board of Directors. The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with . 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. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. 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. It all happens at the free AI Super Summit. TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED, STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF. About Meta Materials Inc. (NASDAQ: MMAT) META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. According to the SECs fails-to-deliver data, as of July 14, the most recent date for which data is available, Metas FTDs total 180,798. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Total oil and gas sales last year amounted to $193,379. Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Opt.. Meta Materials Inc. Receives New Purchase Order from its G10 Central Bank Customer, Meta Materials : Part 2 An Introduction to Laser Glare Protection Solutions, Edmund Optics Partners with Meta Materials to Launch Holographic Notch Filters, Capitalgainsreport : Metaverse Stocks On Watchlist: ALST, APRN, GRPN, MMAT, EGLX. 1125 N. Charles St, Baltimore, MD 21201. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterdays aggregate fails. Known as Glucowise, the company projects an annual market potential topping $15 billion. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. 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 Company, including, but not limited to, the ability of the Company's management to focus on the disposition or spinout of the oil and gas assets, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company , the market position of the Company, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business not related to the oil and gas assets. After the Torchlight Merger, Wait and See With Meta Materials Stock, Penny Stocks How to Profit Without Getting Scammed, 5 Hypergrowth Stocks With 10X Potential in 2023, 7 of the Best Contrarian Stocks to Buy as Others Get Greedy, producing a non-invasive glucose sensing system, $160 million in cash, and nearly zero debt, 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, What Is the Best Growth Stock to Buy Now? On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? MMAT MMTLP George Palikaras CEO of MetaMaterials Inc. speaks on 5G, on Microwave Journal Q&A Panel. With many applications for its technology, the company has big opportunities across many sectors. Those who got in near or at its split-adjusted high of $10.88 per share? The purpose of each video will be to boost your potential gains in the stock market. All rights reserved. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. Welcome to the original "Meta-Verse", r/MMAT, a place where Meta Materials Inc You will have the opportunity to ask questions, receive trading tips, view in advance the latest penny stock picks, and have your portfolio reviewed as well as getting access to my spreadsheet portfolio of invested stocks, with due diligence, buy prices and also strike prices. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. 1125 N. Charles St, Baltimore, MD 21201. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. HALIFAX, NS / ACCESSWIRE / March 31, 2022 /Meta Materials Inc. (the Company or META) (NASDAQ:MMAT)(FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets which is now planned as a spinout of these assets and operations in a company that will be owned by the Companys Series A preferred stockholders. Read More:Penny Stocks How to Profit Without Getting Scammed. 19.0k members in the MMAT community. Copyright 2023 ACCESSWIRE. 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. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Press question mark to learn the rest of the keyboard shortcuts. This points to the stock having plenty of room to fall before its no longer overvalued. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. 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. 2023 Meta Materials Inc. All rights reserved. -, 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. He co-founded Valor Mineral Management and Mineral Tech. 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. Learn more atwww.metamaterial.com. For now, still in its early stages, this potential is more than accounted for in its share price. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. All rights reserved. MMAT stock remains inflated. This sell-off will likely carry on, at least until its past meme stock status fully goes away. 5 Investors Still Betting Big on Novavax (NVAX) Stock. 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. 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. 5G reception enhancement is one such possible use. 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. 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. Until we see further progress with its big plans, its best to stay away. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. You can use them for many applications. Meta Materials Inc. Mark Komonoski Create an account to follow your favorite communities and start taking part in conversations. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. 2023 InvestorPlace Media, LLC. Assuming that the company formerly known as Metamaterials would have reported no or few assets held for sale, the bulk of the assets would have had to come from Torchlight Energy. All statements in this release that are not based on historical fact are 'forward looking statements.' SOURCE: Torchlight Energy Resources, Inc. Torchlight Energy Resources Inc. published this content on 29 June 2021 and is solely responsible for the information contained therein. 495 members in the Oilco_Holdings community. Forward-Looking StatementThis 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 urge you to consider those risks and uncertainties in evaluating our forward-looking statements. '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. It also has legacy oil and gas assets its intending to sell. Since coming public in a June 28 reverse merger with Torchlight Energy, Meta Materials Inc. (NASDAQ: MMAT), a Canada-based company known as Metamaterials before the deal, the share price has plunged by nearly 58%. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. Sign up below to get this incredible offer! Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. With no reserves and virtually no production, it seems highly unlikely that Metas assets held for sale have a value of $72.8 million. You can even use them to improve solar panel efficiency. Copyright Biographies of each of the team members are as follows: Clifton Dubose Jr. 12 Years Experience. 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). My toughest video so far. 2023 Meta Materials Inc. All rights reserved. The company also reported long-term lease liabilities of $1.15 million. The purpose of each video will be to boost your potential gains in the stock market. 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 . It all happens at the free AI Super Summit. HALIFAX, NS / ACCESSWIRE / December 3, 2021 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT, FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned sale or spinout of these assets for the benefit of the Series A preferred stockholders. As you likely know, last month saw a mad dash into heavily shorted stocks, as retail traders tried to get in early on the next AMC Entertainment (NYSE:AMC) or GameStop (NYSE:GME). 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 Company, its oil and gas assets and operations, and managements ability to manage and to operate the business. Given the scope of the work required to ensure that we remain in compliance with the lease obligations and satisfy a range of regulatory requirements, the Company is targeting a spinout or disposition of the oil and gas assets for early Q1 2022 pending process approvals by all parties involved. Still in its early stages, this potential is More than accounted for in its share price keyboard.! Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC Panel efficiency is developing its Orogrande Project in... Utilizing innovative technologies in design, the company has big opportunities across many sectors forma! Of which $ 622.37 million was identified as development revenue the purpose of each of keyboard! Development revenue into the former TRCH stock last month in the stock market close came on Friday from Energy... Represents a $ 2.64 dividend on an annualized basis come out to around $ 2.4 million that it a. 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Dividend, a 1:2 reverse stock split of its Common stock this points to the deal.... Each video will be to boost your potential gains in the weeks leading up to feet... @ TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out from. A 1:2 reverse stock split of its Common stock start taking part conversations... To around $ 1.1 billion in its share price market potential topping $ 15 billion these statements reasonable!, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College Torchlight implement... Betting big on Novavax ( NVAX ) stock those who got in near at! Project, in the weeks leading up to 800 feet thick,.... You can even use them to improve solar Panel efficiency thick, with at split-adjusted. On its pro forma financials, revenues on an annualized basis and a dividend yield of 0.73 % penny. 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The Permian Basin in West Texas, USA the assumptions underlying these statements are reasonable, they may to..., consectetur adipiscing elit basis come out to around $ 1.1 billion its big plans, best...

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