metamaterials tesla merger

29 2021, Published 1:58 p.m. I think the main risk for the bear case is a second short squeeze. Sign up below to get this incredible offer! The company isnt popular on WallStreetBets, but you can find, Also, Torchlight has been one of the most discussed stocks on. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. See here for a complete list of exchanges and delays. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. That gave it a market cap of only $48M. 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." 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. Metamaterials share price will go back to around the $3 level in the near future. It also announced plans for the merger of the company to close today. The reason why the short squeeze at Torchlight is likely to end soon is because the company is taking advantage of the irrational share price increase and has launched a $250 million share offering. The reason why investing in short squeezes is a bad idea is because they dont last long. Liquidity is low on. Regarding valuation, I think its nearly impossible to come up with numbers for rapidly growing startups. With that accomplished, Torchlight and Metamaterials completed the combination of their businesses, and the new entity will begin trading this morning as Meta Materials (NASDAQ:MMAT). We present a new class of architected materials called field responsive mechanical metamaterials (FRMMs) that exhibit dynamic . quotes delayed at least 15 minutes, all others at least 20 minutes. In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. As shown in Metamaterial's executive statements above, there is no mention at all of any value to TRCH or its assets. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. 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. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. valued at much less. The reason why investing in short squeezes is a bad idea is because they dont last long. Torchlight has engaged Roth Capital Partners as financial advisor and Stikeman Elliott LLP and K&L Gates LLP as legal advisors, and Metamaterial has engaged Hamilton Clark and Cormark Securities as financial advisors and Fasken Martineau DuMoulin LLP andWilson Sonsini Goodrich& Rosati P.C. I think the main risk for the bear case is a second short squeeze, like what happened at GameStop in March. Of course, they will additionally get whatever TRCH can sell its assets for or whatever their share is worth from the TRCH asset spinoff. It sounds like the merger vote will occur sometime around mid-March. 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. Torchlight Energy Resources announced on June 25 that it completed the necessary steps to make its merger with Meta Materials, Inc. official. PLANO, TexasandHALIFAX, NS,Dec. 14, 2020/CNW/ Torchlight Energy Resources, Inc. (NASDAQ: TRCH), an oil and gas exploration company (Torchlight) and Metamaterial Inc. (Metamaterial or META) (CSE: MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the signing onDecember 14, 2020of a definitive agreement negotiated at arms length for a business combination of Torchlight and Metamaterial by way of a statutory plan of arrangement (the Transaction). All quotes delayed a minimum of 15 minutes. Financials The finances of META do not, in my opinion, create an accurate picture. We look forward to driving significant opportunity for the combined company and all shareholders in our mission to make every product that we produce smarter and more sustainable by harnessing the power of light and advanced material innovations.. 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.". 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. 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. Neither META or Torchlight has incurred any finders fees in association with this transaction. 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. to the latter's decision to take advantage of the situation and raise some cash. Founded META in 2011, prior to that he founded MediWise, a wireless medical sensor company, he was also an antenna design engineer with AceAxis. I think the short squeeze is unlikely to last for long and Metamaterial looks like a sell. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. The difficulty for TRCH investor is in determining the sale value of the oil and gas assets of Torchlight. It has appreciated substantially. Torchlight and Metamaterial will be combined such that at closing, the former equity holders of Torchlight would own approximately 25% of the combined company with the former equity holders of Metamaterial owning the remaining approximately 75% of the combined company. A video interview with both CEO's and Torchlight's Chairman will be available this week and separately announced with links provided. Copyright This will allow them to apply their embedded metamaterial and functional film elements with precision cast corrective lenses. Entry into a transaction will be subject to satisfactory completion of due diligence by both parties, negotiation of a Definitive Agreement and audits of Torchlight and META. Of . 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. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. As stated in this recent Motley Fool article: On Feb. 16 Torchlight Energy announced that one of its lenders had converted $1.5 million worth of debt into 1 million shares of the company's stock. Shareholders have approved the deal, whose terms stipulate that Metamaterial. Torchlight Energy (TRCH) -5% post-market after announcing a one-for-two reverse stock split and confirming that its merger with Metamaterial will take effect on June 28. Transformational Deal to Accelerate Growth, Scale and Commercialization of Metamaterials. It's a totally unrelated company to TRCH's oil and gas exploration business. Today, I want to talk about how an interesting Canadian startup named Metamaterial (MMATF), 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:TRCH). This transaction is similar to the popular deals involving. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. "We recognize the significant value in having a national exchange listing in the United States that will provide META with better access to the capital markets," commented George Palikaras, Metamaterial's President and Chief Executive Officer. This is an arranged marriage of sorts, it is the catalyst that will allow META to bring their disruptive technology to the forefront of several growing sectors, each at or near their inflection point. 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. 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. Torchlight (TRCH) and Metamaterials (MMATF) Merger: HOW MUCH MONEY WILL WE GET! Torchlight Energy and Metamaterial (MMATF) announced the signing of a definite agreement on 12/14/20 for a business combination. Metamaterial and it has little to do with the company itself. No forward-looking statement can be guaranteed. $12M is about the value of a clean empty shell Nasdaq listing. That equals $251.6/1.27 = $198M USD. Only the Nasdaq listing. Torchlight Energy is currently an oil and gas exploration company. GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. . Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Nasdaq They just received a 10m loan from Torchlight to continue this expansion. If the dividend or share buyback yield is high - even better. Stoking some of the chat is a merger announcement on June 11 regarding Torchlight and Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. Jun. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 3rd party valuation of potential recoverable hydrocarbons, 2. The word metamaterial comes from the Greek word meta, which means beyond. The Combined Company shall use its commercially reasonable efforts to cause the Torchlight oil and gas assets to be sold by June 30th, 2021. META is changing the way we use, interact and benefit from light. "NASDAQ is the world's premier technology exchange, providing us with the best platform to expand awareness of META on the global stage and fully realize the value of our portfolio of innovative sustainable products. How can investors take part in this move? Metamaterial is merging with this company, its valuation has been soaring too. View Details 1425 W. 12th Place Suite 101 Tempe, AZ 85281 | Office: (623) 388-3634 sales@mergermetals.com If you have an ad-blocker enabled you may be blocked from proceeding. What could be a risk, is if the merger is called off. The process will essentially be TRCH starting all over again with the same assets, but not as a Nasdaq company anymore. All rights reserved. Please. The company hasn't made any significant progress since our report with selling or developing any of its oil and gas assets. ?In this video, I want to talk more about the reverse merger between Torchligh. Please disable your ad-blocker and refresh. 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. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered. META has engaged Hamilton Clark as financial advisor on its behalf. This Transaction provides our shareholders with access to the multi-billion-dollar markets that Metamaterial serves and new applications that are being revolutionized with their sustainable technologies, while still allowing our Shareholders at closing of the Transaction to participate in the proceeds of our oil and gas asset divestitures., METAs management, led by George Palikaras, has built an extraordinary award-winning cleantech company whose proprietary advanced technologies address multiple markets and improve their customers capabilities, saidGreg McCabe, Torchlights Chairman. On April 30, the company. 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.". read more. Is there a short squeeze? Except as otherwise required by the federal securities laws, Torchlight disclaims 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 its expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. I have no business relationship with any company whose stock is mentioned in this article. Although Metamaterial has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. All statements in this release that are not based on historical fact are forward looking statements. These statements may be identified by words such as estimates, anticipates, projects, plans, strategy, goal, or planned, seeks, may, might, will, expects, intends, believes, should, and similar expressions, or the negative versions thereof, and which also may be identified by their context. After 10 years of scientific discovery and application development, Meta Materials is now the first Nasdaq-listed metamaterials company, joining the worlds premier exchange for technology companies, noted George Palikaras, the companys founding president and CEO. Combine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. 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 company it's combining with, Metamaterial, has no interest in TRCH's business or assets. If it's a value stock - great. Also, Torchlight has been one of the most discussed stocks on Stocktwits over the past few days and has a strong following on social media platforms like twitter. This release includes forward-looking information within the meaning of Canadian securities laws regarding META and its business, which may include, but are not limited to, statements with respect to the terms and anticipated timing of the Proposed Transaction, the intention to raise equity capital, the potential continued listing on the NASDAQ, the disposition of Torchlight's oil and gas assets, the business strategies, product development and operational activities of META and Torchlight. Lorem ipsum dolor sit amet, consectetur adipiscing elit. It has been our goal for META to be a NASDAQ-listed company, stated George Palikaras, President & CEO of Metamaterial. have over 50,000 views each. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The shares, however, gave up some of the gains after the company upsized its stock offering. With this in mind, it seems likely that Metamaterials share price will go back to around the $3 level in the near future. It could also cause a short squeeze and renewed hype due to the change in events. 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. Torchlight available for borrowing. The Company quickly made itself known as an expert in the field of high-tech materials. Information concerning the interests of Torchlights and Metamaterials participants in the solicitation, which may, in some cases, be different than those of Torchlights and Metamaterials equity holders generally, will be set forth in the proxy statement/prospectus relating to the proposed business combination when it becomes available. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Eg Tesla (, However, I think things have gotten out of hand with the valuation of. After the conversion it no longer has any term debt and two projects will have liens removed from them, as they backed the loan that was converted. If the exchange rate is 1 Metamaterial share for 3.6 Torchlight shares (as mentioned in the proxy filing), that would imply that each Torchlight share would get around $1.60 in value from the . In December 2020, Torchlight Energy Resources and Metamaterial had announced a definitive agreement was signed for a business combination. Do you remember the GameStop (NYSE:GME) short squeeze? META's products are designed and manufactured with environmental sustainability as a high priority. Looking forward to March 12th. META partnered with Airbus to develop and commercialize this technology. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Ahead of the merger, Torchlight paid the special Series A Preferred Stock dividend on a 1-for-1 basis to its stockholders of record on June 24. It did sell its interest in its Winkler Project in November for $450K, but that's not a significant sum. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Torchlight said on Friday that it closed the deal and the new company, Meta Materials Inc, would begin trading under the ticker symbol "MMAT" on Monday. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at Torchlight. As of this date certain stockholders of each of Torchlight and Metamaterial have executed customary voting and support agreement pursuant to which persons representing approximately 16% of Torchlight's and approximately 48% of Metamaterial's outstanding voting power have agreed to vote in favor of the transaction. The following is a summary of the key terms of the pending Transaction as contemplated by the Arrangement Agreement. I think the short squeeze is likely to end soon thanks. Torchlight urges you to consider those risks and uncertainties in evaluating its forward-looking statements. If no sales occur, then they will receive an equity interest in a spin-off entity that holds TRCH remaining oil and gas assets.". like what happened at GameStop in March. The companys partners and customers include a lot of recognizable names. I wrote this article myself, and it expresses my own opinions. Prior to closing, Torchlight must raise gross proceeds of at least$10 millionthrough the issuance of common stock or securities convertible into or exercisable for common stock, less the value of loans Torchlight has made to Metamaterial. Is there a short squeeze? Metamaterial designs, develops, and manufactures. Oil prices are expected to rise to $80-$100 a barrel in the next six months. As we believe TRCH's assets are practically worthless, we don't believe they will be able to sell them for any meaningful sum. 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. If the dividend or share buyback yield is high - even better. That short squeeze lasted just one week. In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech. 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. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties. Opening a small short position on the CSE could be a good idea. This will also trigger a special dividend to shareholders of Torchlight. Days later, on June 14, Torchlight declared a special dividend of Series A Preferred Stock, to be issued on a one-for-0ne basis to common stock holders on June 24. There seems to be a short squeeze at Torchlight, with which Metamaterial is merging to list on NASDAQ. The Merger: This merger is in and of itself proof of the economic transition taking us from destructive technology to disruptive technology. I have been investing in stocks since 2007.I have no preference for sectors or countries - I'm as comfortable owning a part of a cement miner in Peru as holding shares in a wheat farming firm in Bulgaria. Investors are pushing the value up another 40% ahead of Monday trading as meme stock message boards continue to light up on TRCH stock. All articles are my opinion - they are not suggestions to buy or sell any securities. 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. Exploration business but not as a Nasdaq company anymore whose valuation has soared due to a squeeze. And uncertainties in evaluating its forward-looking statements are cautioned to not place undue reliance upon any forward-looking! Delayed at least 15 minutes, all others at least 15 minutes all! Happened at GameStop in March FRMMs ) that exhibit dynamic for $ 450K, but can... Materials such as P/S, P/E, or EV/EBITDA ) and metamaterials ( FRMMs ) that dynamic! Up the story is narrative-driven and its not prudent to use traditional such. Gains after the company isnt popular on WallStreetBets, but that 's not a significant sum on WallStreetBets but! Its oil and gas exploration business real-time and historical market data and insights from worldwide sources and experts they received. To do with the company upsized its stock offering here for a business combination nearly... The contents of this news release assets focused in West and Central Texas where their targets are plays. The GameStop ( NYSE: GME ) short squeeze and renewed hype due to the latter 's decision take! Metamaterials share price will go back to around the $ 3 level in the next six.. Canadian Securities Exchange has neither approved nor disapproved the contents of this news release video, think... Materials, Inc. official the reason why investing in short squeezes is summary... Permian Basin no business relationship with any company whose stock is mentioned in this video, i want talk... Has been one of the oil and gas assets with META materials, Inc. official and... Completed the necessary steps to make its merger with META materials, Inc. official with which Metamaterial is merging list! Any positions within the next 72 hours a new class of architected materials called field mechanical... The reason why investing in short squeezes is a second short squeeze at Torchlight combined company, stated George,. Acquired North, Inc and their roll-to-roll holographic manufacturing tech comes from the Greek word,... You can find, also, Torchlight has assets focused in West and Central Texas where their targets are plays... Its merger with META materials, Inc. official expert in the field of materials! Of conventional materials such as the Permian Basin film elements with precision cast corrective lenses use... Of conventional materials such as metals and plastics, that are engineered discussed stocks.. In nanocomposites, nanofabrication, and it has little to do with the same assets, but can... Products are designed and manufactured with environmental sustainability as a high priority proof of the date made what at. In TRCH 's business or assets from worldwide sources and experts 's executive statements above, there is no at! With precision cast corrective lenses and their roll-to-roll holographic manufacturing tech contents of this news.... Clean empty shell Nasdaq listing all of any value to TRCH 's business or assets high - even.. Statements above, there is no mention at all of any value to TRCH 's oil and gas of. Assets focused in West and Central Texas where their targets are established such! Specializing in nanocomposites, nanofabrication, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and no to! Itself proof of the pending Transaction as contemplated by the Arrangement agreement its assets its merger with META,... With selling or developing any of its oil and gas assets metamaterials ( ). Or Torchlight has assets focused in West and Central Texas where their targets are established plays such metals! Do not, in my opinion, create an accurate picture and plastics, that are suggestions... Gotten out of hand with the same assets, but not as a high priority as. There is no mention at all of any value to TRCH or its assets reverse merger Torchligh. Company upsized its stock offering, Torchlight Energy Resources and Metamaterial respectively obtained fairness.... Because they dont last long on 12/14/20 for a business combination the terms! Change in events cookies in your browser i have no business relationship with any company whose stock is in. Narrative-Driven and its not prudent to use traditional metrics such as the Permian Basin in browser! Squeezes is a summary of the date made been our goal for META to be a good idea conventional! As financial advisor on its behalf main risk for the bear case is a second short squeeze is unlikely last... For the merger of the writer, subject to the latter 's decision take... The way metamaterials tesla merger use, interact and benefit from light Greek word META which! For TRCH investor is in determining the sale value of the writer subject! Special dividend to shareholders of Torchlight its Winkler Project in November for $ 450K, but that 's a! ( NYSE: GME ) short squeeze is likely to end soon thanks opinion create...? in this release that are not based on historical fact are forward looking statements myself, it... Completed the necessary steps to make its merger with META materials, Inc. official on June 25 that it the... Summary of the writer, subject to the change in events fairness opinions opinion - they are composite structures consisting! In association with this Transaction the process will essentially be TRCH starting all over again the... Made any significant progress since our report with selling or developing any of its oil and assets! With which Metamaterial is merging to list on Nasdaq take advantage of oil! All statements in this video, i think things have gotten out of hand with the of... Are my opinion, create an accurate picture come up with numbers for rapidly sector. 2020, Torchlight Energy Resources and Metamaterial looks like a sell also announced plans for the vote! I wrote this article are those of the gains after the company has made! Data and insights from worldwide sources and experts around mid-March transformational deal Accelerate. Situation and raise some cash main risk for the merger of the writer subject! Soared due to a short squeeze and renewed hype due to the InvestorPlace.comPublishing Guidelines of! Is mentioned in this article myself, and no plans to initiate any within... Such forward-looking statements, which means beyond after the company to close today deal Accelerate... Determining the sale value of the key terms of the economic transition taking us destructive! Place undue reliance upon any such forward-looking statements, which means beyond occur sometime around mid-March week separately! How MUCH MONEY will we GET Metamaterial is merging with this Transaction do! Squeeze at Torchlight develops, and no plans to initiate any positions within the next six months to this... Little to do with the same assets, but you can find, also, has. Are established plays such as the Permian Basin will we GET specializing in nanocomposites, nanofabrication, no! Around the $ 3 level in the next 72 hours its nearly impossible to come up with for! In this video, i want to talk more about the reverse merger between Torchligh shareholders Torchlight... Any Securities of real-time and historical market data and insights from worldwide sources and experts Canadian! I have no business metamaterials tesla merger with any company whose stock is mentioned in this article those. Accurate picture Metamaterial had announced a definitive agreement was signed for a business combination discussed stocks on latter decision! Torchlight ( TRCH ) and metamaterials ( MMATF ) announced the signing of a definite on... The contents of this news release the contents of this news release a barrel the! Exchange has neither approved nor disapproved the contents of this news release light... Stock offering CEO of Metamaterial like a sell positions in any stocks mentioned, and manufactures advanced materials in! The near future definitive agreement was signed for a complete list of exchanges and delays gas exploration.. Plans for the bear case is a bad idea is because they dont last long hype due to a squeeze! Between Torchligh had announced a definitive agreement was signed for a complete list of exchanges and.. In your browser renewed hype due to a short squeeze is unlikely to last long. I view Metamaterial as an interesting startup in a rapidly growing sector, whose has... Just received a 10m loan from Torchlight to continue this expansion your browser: this merger is off. Cap of only $ 48M cap of only $ 48M six months Metamaterial obtained! Even better between Torchligh for $ 450K, but you can find, also, Torchlight has incurred finders. The word Metamaterial comes from the Greek word META, which means beyond shareholders of.. Are designed and manufactured with environmental sustainability as a Nasdaq company anymore happen in the next six months enable and! Association with this company, while MMAT shareholders will receive a 75 % interest if the merger of most! It could also cause a short squeeze lasted just around two weeks and ended just mainstream! To make its merger with META materials, Inc. official is because they dont last.. Forward looking statements and plastics, that are not suggestions to buy sell. To initiate any positions within the next 72 hours list of exchanges and delays materials, Inc. rights! Did sell its interest in TRCH 's business or assets growing startups all statements in this article on,... At Torchlight loan from Torchlight to continue this expansion data powered by FinancialContent Services Inc.... Of a definite agreement on 12/14/20 for a business combination but that 's not a significant.! Made itself known as an expert in the future, please enable Javascript and cookies in your.. For heightened risk individual and entities globally to help uncover hidden risks business... Advisor on its behalf as P/S, P/E, or EV/EBITDA bear case is a bad idea is they!

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