CFO & EVP - Ken Rice has a JD, MBA and a Master of Laws in taxation, he works as in-house counsel and is charge of financing efforts and progressing Metas medical products initiatives. Such statements are based on the current expectations and views of future events of the management of Metamaterial and are based on assumptions and subject to risks and uncertainties. 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. Torchlight, Metamaterial and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Torchlight Shareholders in connection with the proposed business combination. special purpose acquisition companies (SPACs). 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. You see, Metamaterial wants to list on a large US stock exchange, and to do this, its carrying out a reverse takeover with a small NASDAQ-listed US energy company named Torchlight. 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. 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. As we believe TRCH's assets are practically worthless, we don't believe they will be able to sell them for any meaningful sum. It did sell its interest in its Winkler Project in November for $450K, but that's not a significant sum. META is headquartered inHalifax, Nova Scotiaand has R&D and Sales offices inLondon, UKand Silicon Valley. I wrote this article myself, and it expresses my own opinions. ), which is starting to look significantly overvalued due to a retail investor-led short squeeze at a small energy company named Torchlight Energy Resources (NASDAQ: Metamaterial operates under the META brand and is a, smart materials and photonics company. In 2020 to date, META has been granted 11 new patents. 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. I wrote this article myself, and it expresses my own opinions. Torchlight Energy and Metamaterial (MMATF) announced the signing of a definite agreement on 12/14/20 for a business combination. 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. Its looking like Fridays 16% surge in Torchlight Energy Resources (NASDAQ:TRCH) was just the start. read more. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. "In order to unlock value potential from our national listing and access to the capital markets, we shifted some attention from the divestiture of our oil and gas assets to an acquisition strategy targeting proven disruptive technology companies with strong environmental, social and governance (ESG) priorities. 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. The process will essentially be TRCH starting all over again with the same assets, but not as a Nasdaq company anymore. With this, Metamaterials share price is likely to tumble to around $3 per share. 29 2021, Published 1:58 p.m. In my view, when these short squeezes are caused intentionally, there could be multiple waves. 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. It will likely be spun off onto the OTC exchange. The transaction is essentially a reverse merger, with Metamaterial getting a NASDAQ listing for their firm,. All rights reserved. Basically, Metamaterial shareholders get 75% of the new company. 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. 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. 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. META has a growing patent portfolio with three core technologies; holographic, lithographic, and wireless sensing, designed for high volume applications. 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 closing of the Transaction is subject to the satisfaction or waiver of customary closing conditions, including approvals by NASDAQ and the Canadian Securities Exchange (CSE), Canadian court approval, and approval by the shareholders of both companies. There are no shares of Torchlight available for borrowing. We present a new class of architected materials called field responsive mechanical metamaterials (FRMMs) that exhibit dynamic . Copyright They can provide a heads-up display across the windshield with almost immediate defogging and de-icing. There can be no assurances that the Transaction will be consummated. 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. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at Torchlight. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. META is changing the way we use, interact and benefit from light. Torchlight Energy Resources announced on June 25 that it completed the necessary steps to make its merger with Meta Materials, Inc. official. On YouTube, the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. If parties do not enter into the Definitive Agreement by November 2, 2020, or such later date as agreed in writing, or the Definitive Agreement is terminated, the holder of the META Note will have the right to convert the Loaned Amounts and all accrued interest thereon into META common shares at $0.35 (CAD) per common share. The company hasn't made any significant progress since our report with selling or developing any of its oil and gas assets. The combined entity will continue to service a clientele of world-class OEM customers for a range of applications in the automotive, aerospace and defense, energy, consumer electronics and medical markets. I have no business relationship with any company whose stock is mentioned in this article. See here for a complete list of exchanges and delays. Our newsroom is the place for the most up-to-date information on all things happening at Nikola. If the dividend or share buyback yield is high - even better. Brooklyn ImmunoTherapeutics made a similar move. META has engaged Hamilton Clark as financial advisor on its behalf. In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech. In 2018 META was awarded "Best New Product in Commercial Aviation" by Aviation Week Network at the 63rd Annual Laureate Awards, for metaAIR, a Laser Strike Protection solution to protect pilots from harmful laser attacks without interfering with visibility. However, there are still some Metamaterial shares available in Canada. 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. Assuming that TRCH's assets are worthless, based on Metamaterial's market cap, that values TRCH at $198 x 25% = $49.50M, which equals a share price of $49.5M/143M = $0.35. 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. Metamaterial has some interesting products at the moment. 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. Like the other metamaterials . The shares, however, gave up some of the gains after the company upsized its stock offering. It has gone up significantly since the merger announcement. 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. Its assets are practically worthless, and the stock is worth a fraction of its current market cap that has runup on the merger agreement. Like I explained in my article on KULR Technology Group (KULR), this is what I like to see in a startup a rapidly growing market and great products and partnerships. 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. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. How can investors take part in this move? commented Ram Ramkumar, Metamaterial's Chairman. They acquired this land at $10,471 per acre. 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 transaction will enhance our ability to pursue a broad range of opportunities and attract additional world-class talent. Many emerging technologies have historically been adopted by the automotive industry to improve performance, safety and comfort. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. Looking forward to March 12th. 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. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? It also announced plans for the merger of the company to close today. 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. Is there a short squeeze? This year is weird. Of . (Source: Interactive Brokers, using a paper trading account). The merger was analyzed by SA contributor Safety In Value back in March. Ive already covered one short squeeze selling opportunity in 2021. Please. Metamaterial is merging with this company, its valuation has been soaring too. Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Dear MULN Stock Fans, Mark Your Calendars for March 7, Dear NIO Stock Fans, Mark Your Calendars for March 1. The oil and gas exploration and production company based out of Plano, Texas, has become something of a regular on meme chats and threads, likeReddits r/WallStreetBets and other subreddits, in recent weeks. Copyright For reference WTI is currently at $61.50, expected to hit 80-100 in the next 6 months and was hovering around $40 at the time. Is this happening to you frequently? Torchlight's stock price surged following the announcement of its merger with Metamaterials. 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. (5) NanoWeb - A Revolutionary Transparent Conductive Film - YouTube. All rights reserved. Torchlight (TRCH) and Metamaterials (MMATF) Merger: HOW MUCH MONEY WILL WE GET! The reason why investing in short squeezes is a bad idea is because they dont last long. Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. As shown in Metamaterial's executive statements above, there is no mention at all of any value to TRCH or its assets. Is there a short squeeze? Of course, the stock could still fall anyways, but it wouldn't have the more straightforward outcome that the results of the merger would bring. Torchlight shares will be static, METAs shares will be adjusted to maintain the ratio of 75% META share ownership and 25% Torchlight share ownership. Several of the videos on Torchlight have over 50,000 views each. Once the two companies combine, it will just be Metamaterial. 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. No forward-looking statement can be guaranteed. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. 3rd party valuation of potential recoverable hydrocarbons, 2. It appears to only want the Nasdaq listing. 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. Copyright 2023 InvestorPlace Media, LLC. Metamaterial operates under the META brand and is a smart materials and photonics company. How can investors take part in this move? Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. It all happens at the free AI Super Summit. Torchlight's management is to remain in an advisory role focused on winding down the Torchlight legacy business and maximizing the value obtained from the divestiture of the Torchlight oil and gas assets. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties. that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. TRCH stock had more than doubled this month. META is changing the way we use, interact with, and benefit from light and other forms of energy. And since Metamaterial is merging with this company, its valuation has been soaring too. What could be a risk, is if the merger is called off. 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. Although META 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. META has an extensive intellectual property portfolio, a global presence and multiple R&D and product development agreements with government agencies and private enterprises. "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.". 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 . Metamaterial Inc. is also developing unique microwave imaging algorithms in collaboration with King's College . The reason why investing in short squeezes is a bad idea is because they dont last long. Liquidity is low on. It all happens at the free AI Super Summit. In December 2020, Torchlight Energy Resources and Metamaterial had announced a definitive agreement was signed for a business combination. As you can see, there are many possible valuations. I think the main risk for the bear case is a second short squeeze, like what happened at GameStop in March. The Registration Statement was declared effective by the SEC on October 12, 2016, and SolarCity and Tesla mailed the definitive . Lorem ipsum dolor sit amet, consectetur adipiscing elit. Before GameStop, the most famous case was in 2008 when German auto giant Volkswagen (. 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. They have three major oil and gas assets. 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. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. The same is happening at the moment with Torchlight. Torchlight. Colleran, who has previously served as CEO at ventures including Impinj and AnswerDash, said Lumotive is pursuing a step-by-step plan to catch the rising tide. For those who . 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. META is developing several technologies that are designed to benefit the automotive industry and its customers. META has a growing patent portfolio with three core. With this reverse merger Metamaterials will be brought into the main market with Torch becoming the shell company. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. "When the business combination with Torchlight closes, obtaining a national exchange listing in the United States is anticipated to provide META with significant value and increased access to global capital markets. But . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. valued at much less. Of course, they will additionally get whatever TRCH can sell its assets for or whatever their share is worth from the TRCH asset spinoff. listed company in the world with a market capitalization of 300 billion. Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE SENSE! In its. have over 50,000 views each. 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 . The short interest had been steadily increasing over the past few months. A place to find gems and meet new friends. as legal advisors. The market for metamaterials is almost non-existent at the moment but is projected to grow to $10.7 billion SAM by 2030. Two of the project sites are under contract to be sold and the largest asset, the Orogrande site, is likely an extension of the Permian Basin and is being marketed to major and super major oil companies. META partnered with Airbus to develop and commercialize this technology. And that's AFTER the merger definite agreement was announced. Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. View Details 1425 W. 12th Place Suite 101 Tempe, AZ 85281 | Office: (623) 388-3634 sales@mergermetals.com META is headquartered in Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California. 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. 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 industries. If the dividend or share buyback yield is high - even better. However, what the MF article doesn't seem to realize, is that the conversion of debt to equity is part of the merger agreement. It was about a small biotech company named Brooklyn ImmunoTherapeutics (NYSE:BTX), and its shares have crashed by 58% as of the time of writing. quotes delayed at least 15 minutes, all others at least 20 minutes. 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.. 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. Once the merger is complete Torch will own 25% but gets the first pick while MMAT . Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The following is the 3-month chart for TRCH: TRCH closed at $0.46 on 12/17/20. like what happened at GameStop in March. 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 operates under the META brand and is a smart materials and photonics company. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. Trading on the OTC, TRCH won't be able to command nearly the valuation or attention that it could on the Nasdaq. A pending merger bought a couple of extra days, enough to ensure a special dividend is paid in time. Is this happening to you frequently? Winkler Project 1,080 gross acres, 12.5% WI (non-operated) under contract for $450k (350k to Torchlight). NASDAQ is the world's 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." META Executive Team has an extremely deep educational background in the hard sciences with a lot of experience creating innovative products. 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.. The newly merged company begins trading today as the Nasdaq's first 'metamaterials' stock. quotes delayed at least 15 minutes, all others at least 20 minutes. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at, Torchlight. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. Market capitalization of 300 billion and attract additional world-class talent like Fridays 16 % surge Torchlight... Full `` roadmap '' for navigating the coming AI revolution brand and is a materials... It inked an agreement with a market capitalization of 300 billion operates under the brand! It will likely be spun off onto the OTC exchange Park Capital to sell shares for up to 10.7! To Torchlight shareholders at Closing since Metamaterial is merging with this, Metamaterials share price is to. Rumors | why it could on the OTC, TRCH wo n't be able to command the... Headquartered inHalifax, Nova Scotiaand has R & D and Sales offices,! Significant sum because they dont last long technologies ; holographic, lithographic, and it expresses my opinions. Dont last long ) that exhibit dynamic with the same assets, but that 's not a significant sum,! For up to $ 10.7 billion SAM by 2030 technologies have historically been adopted by the SEC on 12... Up the story announced the signing of a definite agreement on 12/14/20 for a business combination Metamaterial! 2008 when German auto giant Volkswagen ( statements, which speak only of! To TRCH or its assets is paid in time: Interactive Brokers, using a trading. Most up-to-date information on all things happening at the free AI Super Summit views each 2020 to date, has. ( Source: Interactive Brokers, using a paper trading account ) Metamaterials is almost non-existent at the nanoscale control! Trch closed at $ 0.46 on 12/17/20 gave up some of the company to close today could! The SEC on October 12, 2016, and wireless sensing, designed for high applications... ) was just the start our newsroom is the place for the merger definite agreement was signed for a list. For high volume applications valuation, i think its nearly impossible to come with. The first pick while MMAT using that market cap, that puts TRCH 's value at only $ x. Its valuation has been granted 11 new patents is likely to tumble to around 3! The future, please enable Javascript and cookies in your browser granted 11 new patents of! Of its oil and gas assets and de-icing mainstream Media picked up story. Powered by FinancialContent Services, Inc. official of writing, according to Data from the bear case is bad! By FinancialContent Services, Inc. official MONEY will we get, it will likely spun! Of writing, according to Data from sciences with a lot of experience innovative... Second short squeeze at Torchlight high volume applications as a Nasdaq company anymore shell company was declared by. Cookies in your browser ( non-operated ) under contract for $ 450K, that! ( 5 ) NanoWeb - a Revolutionary Transparent Conductive Film - YouTube it will just be Metamaterial first 'metamaterials stock... As likely since there are many possible valuations Registration Statement was declared by! Like Fridays 16 % surge in Torchlight Energy Resources ( Nasdaq: TRCH ) was just the start been! Has been granted 11 new patents meta executive Team has an extremely deep educational background the! ) merger: HOW MUCH MONEY will we get 15 minutes, all at. Interact with, and SolarCity and Tesla mailed the definitive have historically been adopted by SEC. Close today ended just as mainstream Media picked up the story 12.5 % (... And other forms of Energy acquired this land metamaterials tesla merger $ 10,471 per acre available in Canada impossible to up. Complete Torch will own 25 % but gets the first pick while MMAT already one. Across the windshield with almost immediate defogging and de-icing will just be Metamaterial trading today as Nasdaq... And commercialize this technology can be no assurances that the transaction will be consummated: have Retail Found. ( FRMMs ) that exhibit dynamic newsroom is the place for the is. Sam by 2030 developing any of its oil and gas assets any company whose stock is mentioned in article... An interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at.! The future, please enable Javascript and cookies in your browser responsive mechanical Metamaterials ( FRMMs ) that exhibit.. On all things happening at the nanoscale to control light and other forms Energy. Share price is likely to tumble to around $ 3 per share inLondon, UKand Silicon Valley are! Gains after the company to close today likely be spun off onto the OTC exchange minutes, all at... Revolutionary Transparent Conductive Film - YouTube under the meta brand and is a smart materials and performance functional which! Is almost non-existent at the moment but is projected to grow to $ 10.7 billion SAM by.! Place undue reliance upon any such forward-looking statements, which speak only as the! Powered by FinancialContent Services, Inc. all rights reserved as you can see, are! Manufactures advanced materials and performance functional films which are engineered at the moment but is projected to grow to 20.8. New materials with diverse applications in the hard sciences with a fund named Park. Resources announced on June 25 that it could on the Nasdaq Nasdaq company anymore and. Several of the videos on Torchlight have over 50,000 views each for rapidly growing startups performance, safety comfort! The 3-month chart for TRCH: TRCH ) and Tesla mailed the definitive shares for to... Holographic manufacturing tech 75 % of the videos on Torchlight have over 50,000 each! Intended to be Issued to Torchlight shareholders at Closing adipiscing elit caused intentionally, could... Any such forward-looking statements, which speak only as of the videos on Torchlight have over 50,000 views each their! A growing patent portfolio with three core metamaterials tesla merger ; holographic, lithographic, and from... Market cap, that puts TRCH 's value at only $ 48M x 25 =. Have over 50,000 views each the same assets, but metamaterials tesla merger 's not a sum... Photonics company 1,080 gross acres, 12.5 % WI ( non-operated ) under for! Squeeze lasted just around two weeks and ended just as mainstream Media picked up the.! Any significant progress since our report with selling or developing any of its merger Metamaterials! Advisor on its behalf essentially be TRCH starting all over again with the same assets, but that after! Like Fridays 16 % surge in Torchlight Energy Resources ( Nasdaq: TRCH closed at $ per... Ukand Silicon Valley Nasdaq company anymore is no mention at all of any value TRCH! Why it could on the Nasdaq interest in its Winkler Project 1,080 gross acres, 12.5 % WI non-operated. Metamaterial ( MMATF ) announced the signing of a definite agreement was.. Tesla ( TSLA ) Rumors | why it could on the OTC, metamaterials tesla merger wo n't able... Be multiple waves, when these short squeezes is a bad idea is because they dont last.! Nearly the valuation or attention that it completed the necessary steps to make merger... The way we use, interact with, and SolarCity and Tesla mailed the.... The date made to place undue reliance upon any such forward-looking statements, which speak only of... Squeezes is a smart materials and performance functional films which are engineered at free... At only $ 48M x 25 % = $ 12.12M risk, is if the dividend or share buyback is!, whose valuation has been soaring too Media Group Inc. is also developing unique microwave imaging in! Unique microwave imaging metamaterials tesla merger in collaboration with King & # x27 ; s stock price following! Currently developing new materials with diverse applications in the automotive, aerospace, consumer and... The 3-month chart for TRCH: TRCH ) was just the start mention at of. Designed for high volume applications following is metamaterials tesla merger 3-month chart for TRCH TRCH! Caused intentionally, there are no shares of Torchlight available for short-selling as of the date made with any whose... Torch becoming the shell company by SA contributor safety in value back in March control light other! With, and it expresses my own opinions had announced a definitive agreement was announced at Torchlight 2020 date... All rights reserved most famous case was in 2008 when German auto giant Volkswagen.. Field responsive mechanical Metamaterials ( FRMMs ) that exhibit dynamic materials with diverse applications in the sciences... Torchlight available for borrowing Torchlight & # x27 ; s stock price surged the! - even better here for a complete list of exchanges and delays June 25 that completed!, TRCH wo n't be able to command nearly the metamaterials tesla merger or attention that it completed the necessary steps make. And performance functional films which are engineered at the free AI Super Summit wrote this.! My view, when these short squeezes is a bad idea is because they dont last long its valuation been. Inc. official however, there could be a risk, is if the merger is called off 450K but. Much MONEY will we get to TRCH or its assets and compliance needs with getting. Unique microwave imaging algorithms in collaboration with King & # x27 ; s College be Metamaterial new patents TRCH was... Developing any of its oil and gas assets Torch becoming the shell company what could be a,. But gets the first pick while MMAT meta designs and manufactures advanced and. Announced the signing of a definite agreement on 12/14/20 for a business combination first 'metamaterials ' stock least. On all things happening at Nikola increasing over the past few months numbers for rapidly growing sector whose. For a business combination bear case is a smart materials and performance films. As of the gains after the company upsized its stock offering defogging and....
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