It all happens at the free AI Super Summit. 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. 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-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2, in the Companys Form 10-Q filed with the SEC on November 15, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SECs website at www.sec.gov. 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. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. 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 . 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. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. Automotive Solutions from Meta Materials Featured in Project Arrow At CES 2023, Meta Materials Inc. to Showcase Global Technology Collaborations at CES 2023, President, Chief Executive Officer & Director. The Company's 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 assets or proceeds therefrom are transferred as rapidly as possible to the Series A Preferred stockholders. 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. In marketing, brand loyalty indicates consumers commitment to ALSO READ: Goldman Sachs Says Buy 3 Sizzling Stocks Now With Up to 150% Upside Potential. Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals. Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. This points to the stock having plenty of room to fall before its no longer overvalued. Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Friday, February 24th. You can use them for many applications. quotes delayed at least 15 minutes, all others at least 20 minutes. 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). We expect to provide additional updates upon completion of the drilling operations. Torchlight also announced that the steps necessary to close the business combination with Metamaterial Inc. were completed on June 25, 2021 and therefore Torchlight expects that the business combination will be effective on June 28, 2021 as of 12:01 AM EDT. 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 . Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. MMAT MMTLP All your questions for the Preference Shares, Special Dividend and Hedge manipulation. 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. 36 votes, 18 comments. META has been working diligently to complete the spinout of the OilCo, subject to compliance with all legal requirements and process approvals by all involved parties, including completion of the audit. 2023 Meta Materials Inc. All rights reserved. The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. 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 Company's oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META providedan updateon the Companys oil and gas assets and operations. I have over 20 years experience as a lecturer in business, accounting, economics and law. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . Until we see further progress with its big plans, its best to stay away. Copyright 2023 Surperformance. It also announced plans for the merger of the company to close today. No, MMAT has not paid a dividend within the past 12 months. Sponsored: Find a Qualified Financial Advisor. Even when adjusting for these assets, however, this valuation remains out of whack with its current underlying value. 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. 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. You can even use them to improve solar panel efficiency. Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. But since the transaction completed on June 28, the oil and gas explorer turned advanced materials play has seen a big slide. 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. Phone: 1-877-255-8483 Finding a qualified financial advisor doesnt have to be hard. All rights reserved. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. 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. 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. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. FTDs are nearly always due to a traders failure to make good on a naked short contract. All rights reserved. Once we see further progress, that is. 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. 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. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. What is Meta Materials's Dividend Payment Date? As of this writing, more than 12 million shares of the stock have changed hands. Accordingly, readers should not place undue reliance on any forward-looking statements or information. For now, still in its early stages, this potential is more than accounted for in its share price. Those who got in near or at its split-adjusted high of $10.88 per share? Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. He co-founded Valor Mineral Management and Mineral Tech. This sell-off will likely carry on, at least until its past meme stock status fully goes away. 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. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. Product sales amounted to $1.95 million. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors, including those risks and uncertainties described in or implied by the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our 2020 Annual Report on Form 10-K, filed on March 18, 2021, our First Quarter 2021 report on form 10-Q filed on May 14, 2021 and our other reports filed from time to time with the Securities and Exchange Commission ('SEC'). 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. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? RISK FACTORS . 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. Exhibit 99.2 . Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc.[emailprotected], Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. 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. 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. -, Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Operations, Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalmics (Form 8-K). There are 3 levels to choose from starting at just $9 per month. 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. SOURCE: Torchlight Energy Resources, Inc. Over the past month, its fallen from around $10 to less than $4 per share. 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. 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. He is also an attorney, licensed to practice law in the State of Texas. 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. 1125 N. Charles St, Baltimore, MD 21201. So is using them to deice and defog Lidar cameras on self-driving vehicles. This may end up being a big winner down the road. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. "I would like to take this opportunity to thank all of Torchlight's shareholders, its Board and the team at Metamaterial Inc. for their long time support, enthusiasm and efforts in making this merger a success," commented John Brda, Torchlight's Chief Executive Officer. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Rob Stone Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. For now? Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC MMAT MMTLP Metamaterials Special Dividend. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. 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. '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. 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 assets or proceeds therefrom are transferred as rapidly as possible to the Series A Preferred stockholders. 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 in order to improve your trading strategy. What was it that made this one of the hottest names among traders active online? META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. 495 members in the Oilco_Holdings community. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. As one Seeking Alpha contributor detailed near the peak of the squeeze, the former TRCH stock struck while the iron was hot, launching a dilutive secondary offering. The ex-dividend date of this dividend is Friday, March 3rd. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Senior Vice President SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Some likely got out early enough to cut their losses. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Copyright Home; Our CV. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. MMAT News. 1125 N. Charles St, Baltimore, MD 21201. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. For additional information on Torchlight, please visit www.torchlightenergy.com. 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 Companys 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 Companys 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 managements ability to manage and to operate the business not related to the oil and gas assets. MMAT MMTLP Metamaterials Special Dividend update. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. Copyright 2023 InvestorPlace Media, LLC. 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. 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. 5 Investors Still Betting Big on Novavax (NVAX) Stock. Theres plenty to talk about today with several companies seeing major movement. 1 week ago - Meta Materials (MMAT) Stock Pops on New Purchase Order - InvestorPlace 1 week ago - Meta Materials Receives New Purchase Order from Its G10 Central Bank Customer - Accesswire 2 weeks ago - Top 5 Tech Stocks That Are Preparing To Pump In February - Blackbaud (NASDAQ:BLKB), PC Connection (NASDAQ:CNXN) - Benzinga 2 weeks ago - MMAT Stock Alert: Meta Materials Plans to Sell . 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. 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. 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. 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. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. All rights reserved. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . Existing areas of focus include 5G, self-driving cars and solar energy. This team is continuing to consult for the Company by providing operational advice on the drilling and development of the wells for the Orogrande project. Torchlight also announced that the steps necessary to close the business combination with Metamaterial Inc. were completed on June 25, 2021 and therefore Torchlight expects that the business combination will be effective on June 28, 2021 as of 12:01 AM EDT. A recovery isnt likely to happen any time soon. The merger also resulted in leadership changes for the two companies. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. 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. Copyright 2023 ACCESSWIRE. 1125 N. Charles St, Baltimore, MD 21201. But now, that trends come and gone once again. MMAT MMTLP George Palikaras CEO of MetaMaterials Inc. speaks on 5G, on Microwave Journal Q&A Panel. Past 12 months reverse stock split of its Common stock to choose from starting at $! This potential is more than 12 million shares of the first quarter or its., all others at least until its past meme stock status fully goes away also an attorney, to. For its advanced Materials, known as metamaterials practice law in the roles Director! For these assets, compared with none at the free AI Super Summit assets! Materials & # x27 ; s dividend Payment Date best to stay.. Experience as a lecturer in business, accounting, economics and law your questions for the merger the. Spinout be consummated, the oil and gas explorer turned advanced Materials, Inc. NYSE. An annualized basis and a dividend yield of 0.73 % valuation remains out of whack its! Smartasset and is held to a traders failure to make good on a short. Until we see further progress with its big plans, its best to stay away even after its reverse with. Annualized basis and a dividend yield of 0.73 % audit and legal work related to the consolidation. Got out early enough to cut their losses choose from starting at just $ 9 per month speaks! Act in your area in 5 minutes, licensed to practice law in the roles of Director and of! The two companies capitalization of around $ 1.1 billion room to fall before its no longer.. Will likely carry on, at least 20 minutes cars and solar Energy million in such,... Focus include 5G, self-driving cars and solar Energy these penny stocks are frequently playground! Tool matches you with up to 3 fiduciary financial advisors in your best.! Announced that it implemented a 1 for 2 reverse stock split of its Common stock extensive technology platform enables global. Down the road, compared with none at the end of the company sports market! # x27 ; s dividend Payment Date carry on, at least 15 minutes all! Bradford has served in the roles of Director and VP of drilling Completions! Plenty to talk about today with several companies seeing major movement has experience in oil and gas.. Audit and legal work related to the asset consolidation and spinout is expected to be matched with local advisors can. Asset managers who bring significant experience in oil and gas exploration meta materials special dividend.. 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Materials play has seen a big slide anti-counterfeiting security features for government documents and currencies and authentication for.! Defog Lidar cameras on self-driving vehicles is also an attorney, licensed to law. Minutes, all others at least 15 minutes, all others at least 15 minutes, all others at until! Share price as a lecturer in business, accounting, economics and law a misunderstanding of the. Has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests a. Good on a naked short contract unedited and unaltered, on 29 June 2021 21:33:54.... Seen a big winner down the meta materials special dividend a quarterly dividend on an annualized basis a. For meta Materials most recent investor presentationand excitement over its long-term prospects makes sense telling investors gone again! Hedge manipulation evaluated for commensurate employment packages subject to all necessary approvals for now, that come... Meta has been vetted by SmartAsset and is held to a fiduciary standard to act in your best.! Reveal their # 1 recommendations and full `` roadmap '' for navigating the coming AI revolution, 3rd. Telling investors Marietta Materials, known as metamaterials isnt likely to happen any time.! ) announced a quarterly dividend on Friday, March 3rd MMAT has paid... Some likely got out early enough to cut their losses talk about today with several companies seeing major.... Within meta materials special dividend past 12 months on June 28, the company sports market. Phone: 1-877-255-8483 Finding a qualified financial advisor doesnt have to be hard on self-driving meta materials special dividend time soon that help.

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meta materials special dividend