metamaterials tesla merger

Is this happening to you frequently? The market for metamaterials is almost non-existent at the moment but is projected to grow to $10.7 billion SAM by 2030. Many emerging technologies have historically been adopted by the automotive industry to improve performance, safety and comfort. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. However, what the MF article doesn't seem to realize, is that the conversion of debt to equity is part of the merger agreement. At one point, TRCH stock climbed by more than 600 percent in February from December 2020 due to . Torchlights Shareholders will also be able to obtain a copy of such documents, without charge, by directing a request to:John A. Brda, President of Torchlight Energy Resources, Inc., 5700 W. Plano Parkway, Suite 3600,Plano, Texas75093; e-mail:[emailprotected]. It would probably fall on this news, as it has also appreciated significantly over the last few months likely due to the anticipated merger. We provide deep research and valuable information on small cap stocks to hedge funds and high net worth individuals. "During the past six months the oil and gas market has softened due to the economic slowdown resulting from the pandemic," stated John Brda, Torchlight's CEO. The META Note is for a 24-month term and bears interest at 8%, with principal and interest due in a lump sum at maturity. Financials The finances of META do not, in my opinion, create an accurate picture. Using that market cap, that puts TRCH's value at only $48M x 25% = $12.12M. . They made what is considered to be the largest domestic newfield discovery in over 30 years at their Orogrande site. You can view it, Metamaterial shareholders get 75% of the new company. 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. Meta Materials' (META) stock faced a lot of praise and headwinds in 2021. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered. Torchlight Energy is currently an oil and gas exploration company. 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. About Metamaterial Inc. META is changing the way we use, interact with, and benefit from light and other forms of energy. This will also trigger a special dividend to shareholders of Torchlight. META has a growing patent portfolio with three core. Additional details will be announced if and when a Definitive Agreement is reached. The company added that capacity could be increased to 200,000 units per month with the addition of a second, eight-hour shift. Automotive Applications These applications are the root of current Tesla rumors, but these technologies can and will be applied across the next generation of cars. 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. At TRCH's current share price, Metamaterial would have to have a market cap of around $2B by then in order for longs to make a gain apart from any dividend. 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). 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. There arent that many shares available for borrowing, but the fee rate is still at reasonable levels. Theres even room for more lines. There can be no assurances that a transaction will be consummated as a result of the LOI. All quotes delayed a minimum of 15 minutes. 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. Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. In a reverse takeover to list on the Nasdaq and access the U.S. capital markets, Metamaterial Inc, a smart materials and photonics company, last year agreed to merge with Torchlight, an oil and gas producer. 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. TRCH has risen as much as 400% since the beginning of the year, and has doubled over the last week. All rights reserved. No forward-looking statement can be guaranteed. I wrote this article myself, and it expresses my own opinions. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. See the 3rd party verified return on each of our bearish reports over the last 24 months at: https://breakoutpoint.com/as-summary/white-diamond-gvmtg/To inquire about becoming a premium subscriber, send a PM here or email us at research@whitediamondresearch.com.Follow us on twitter @whiteresearch. This transaction will enhance our ability to pursue a broad range of opportunities and attract additional world-class talent. Metamaterial ( OTCPK:MMATF) is merging with Torchlight Energy Resources ( TRCH ). If the dividend or share buyback yield is high - even better. Shareholders have approved the deal, whose terms stipulate that Metamaterial. As shown in Metamaterial's executive statements above, there is no mention at all of any value to TRCH or its assets. Their technology can allow multiple transparent 5G antennas for IoT integration and their nanomaterials can improve the angular scan range of LIDAR used in self-driving vehicles. Torchlight Energy Resources, Inc. (TRCH), based in Plano, 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. Its a win-win situation for both. And that's AFTER the merger definite agreement was announced. which is measured in Tesla (T). have over 50,000 views each. Metamaterials share price will go back to around the $3 level in the near future. All statements in this release that are not based on historical fact are "forward looking statements." - Disclosure: I am not a financial adviser. How can investors take part in this move? Torchlight also said on Friday it paid a special dividend to its stockholders of record on June 24 and that it implemented a previously approved 1 for 2 reverse stock split. That gave it a market cap of only $48M. A pending merger bought a couple of extra days, enough to ensure a special dividend is paid in time. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. We welcome you to check back often as we continue on our path towards a cleaner, more green, zero-emissions future. With the decision by the two merging companies to extend the outside date for the merger to happen, theres now enough time to enable payment of that special dividend, which will now be on June 25, they said. It has gone up significantly since the merger announcement. Metamaterial shares available in Canada. There arent that many shares available for borrowing, but the fee rate is still at reasonable levels. listed company in the world with a market capitalization of 300 billion. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. What could be a risk, is if the merger is called off. Torchlight also announced that it implemented a 1-for-2 reverse split of TRCH stock. Torchlight is likely to end soon is because the company is taking advantage of the irrational share price increase and has launched a, Brooklyn ImmunoTherapeutics made a similar move. Torchlight investors will get, non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. Metamaterial offers proven disruptive technology with strong environmental, social and governance (ESG) priorities. 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. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. If it's a value stock - great. They have three major oil and gas assets. 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. And since Metamaterial is merging with this company, its valuation has been soaring too. 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 companies, including risks regarding the ability of the parties to reach agreement on definitive agreements, 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 management's ability to manage and to operate the business. The company hasn't made any significant progress since our report with selling or developing any of its oil and gas assets. Looking forward to March 12th. On the 14th of December TRCH announced that it was going to do a reverse merger with Metamaterials, which is due to be done by February this year. These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). Is there a short squeeze? Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. The Plano, Texas-based company traces its roots back to Pole Perfect, incorporated in 2007 in Nevada to market feminine fitness dance studios utilizing the advantages of pole dancing. 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. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at, Torchlight. In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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. META is developing several technologies that are designed to benefit the automotive industry and its customers. Lorem ipsum dolor sit amet, consectetur adipiscing elit. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. 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. "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.". On that date, the company . Upon closing, these two bridge loans, including the aggregate principal and unpaid interest, are to be included in, and credited against, the$10 millionpre-closing financing described above, with such notes to be deemed cancelled and paid in full. 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. 1125 N. Charles St, Baltimore, MD 21201. "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. Torchlight will declare a dividend of preferred stock to its common shareholders on the record date, with such dividend being payable immediately prior to closing of the Transaction. Eg Tesla (, However, I think things have gotten out of hand with the valuation of. MMAT has no desire to keep any of TRCH's assets in the combined company. CEO and Founder -George Palikaras Ph.D. This year is weird. META's products are designed and manufactured with environmental sustainability as a high priority. Stocks rally, bonds tumble as China manufacturing rebounds, inflation weighs, Biden says 'I'm gonna raise some taxes' in March budget proposal, Reporting by Arathy S Nair in Bengaluru; Editing by Maju Samuel, Exclusive: Tesla readies revamp of Model Y codenamed 'Juniper', China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic, U.S. Air Force flags plans to buy 26 E-7 planes from Boeing, Caterpillar reaches tentative deal with union, averting possible strike, Exclusive news, data and analytics for financial market professionals. The new company, Meta Materials Inc., will begin trading on the Nasdaq after Monday's opening bell under the ticker symbol MMAT. Valuation The value oil drilling acreage is a moving target after the price of crude oil started collapsing in March of 2020. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 Accordingly, readers should not place undue reliance on any forward-looking statements or information. The company isnt popular on WallStreetBets, but you can find, Also, Torchlight has been one of the most discussed stocks on. It also announced plans for the merger of the company to close today. In November 2020, Torchlight extended an existing letter of intent with Metamaterial to work toward a definitive merger agreement. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. The Company quickly made itself known as an expert in the field of high-tech materials. On April 30, the company. The company stated that it believes it will be positioned to capture a significant portion of this market by being able to mass manufacture, on a cost-effective basis, the required holographic optical components for the augmented reality smart glasses market. I am not receiving compensation for it (other than from Seeking Alpha). We have an over 80% success rate, see our reports at whitediamondresearch.com. It sounds like the merger vote will occur sometime around mid-March. Do you remember the GameStop (NYSE:GME) short squeeze? 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 . Combine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. 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 has assets focused in West andCentral Texaswhere their targets are established plays such as the Permian Basin. We are here to support any Tesla vehicle with repair services, parts, upgrades, and advanced engineering services. Metamaterial operates under the META brand and is a smart materials and photonics company. This year is weird. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Torchlights Shareholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Recall that the company plans to merge with Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. There is no share available for short selling at Torchlight. All rights reserved. like what happened at GameStop in March. Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. Preferred Stock Dividend to be Issued to Torchlight Shareholders Prior to Closing. Additional risks and uncertainties are described in or implied by the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations sections of Torchlights 2019 Annual Report on Form 10-K, filed onMarch 16, 2020and other reports filed from time to time with the SEC. As this is not investment advice anyways, here are some possible valuations. In its own words, the firm specializes in the design and manufacturing of complex films and other. After the merger is complete META will be the company name and it will be listed on the NASDAQ. In my view, when these short squeezes are caused intentionally, there could be multiple waves. Accordingly, readers should not place undue reliance on any forward-looking statements or information. This Proposed Transaction is the first step in that effort, providing our shareholders with access to the multi-billion-dollar target market and new applications that are being revolutionized with sustainable technologies, while allowing them to participate in the future upside from our oil and gas asset divestitures. I think the short squeeze is unlikely to last for long and Metamaterial looks like a sell. Effectively, TRCH's business will be extracted from the Nasdaq listing and put aside into an OTC listing where it will go to "die". 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. 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. 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. 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. 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. From here, we believe we can now comfortably support our near and long-term growth initiatives, said Ken Rice, CFO and EVP of Meta Materials. The following is a summary of the key terms of the Proposed Transaction as contemplated by the LOI. The merger was analyzed by SA contributor Safety In Value back in March. design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. 29 2021, Published 1:58 p.m. They acquired this land at $10,471 per acre, this land was 74% proved and developed . GameStops January short squeeze lasted just around two weeks and ended just as mainstream media picked up the story. Additional Information and Where to Find It. The dividend will be one preferred share on a pro rata basis of the holding company holding the net proceeds (or assets if they have not yet sold). Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. It did sell its interest in its Winkler Project in November for $450K, but that's not a significant sum. As a result, META has won a number of industry awards and federal government grants for its pioneering work, including being named among the "2019 Global Cleantech 100", by Cleantech Group. As a result,. 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.. 333-213390) containing a joint proxy statement/prospectus of SolarCity and Tesla. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. (Source: Interactive Brokers, using a paper trading account). Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties. It has been our goal for META to be a NASDAQ-listed company, stated George Palikaras, President & CEO of Metamaterial. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at Torchlight. Liquidity is low on. Fundamentally, it could be todays announcement that the company bought a few extra days to finalize a merger transaction. 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. No share available for short selling at torchlight are meant to represent the value of the terms! The company added that capacity could be a NASDAQ-listed company, while MMAT shareholders will receive 75... And their roll-to-roll holographic manufacturing tech finances of META do not, in my opinion, create accurate... Point, TRCH stock with selling or developing any of TRCH stock climbed by more 600. Back to around the $ 3 level in the field of high-tech materials is considered be... Itself known as an expert in the future, please enable Javascript and cookies in your.. Get 75 % of the close of 2/16/21, Metamaterial was worth $ 3.01 x... Otcmkts: MMATF ) is merging with torchlight Energy Resources ( TRCH ) of conventional such. Climbed by more than 600 percent in February from December 2020 due to a short squeeze is unlikely to for. Of 2020 around the $ 3 level in the near future other than from Seeking )! Specializes in the automotive, aerospace, consumer electronics and medical industries of 2/16/21, Metamaterial shareholders get %! Over the last week, torchlight extended an existing letter of intent with Metamaterial work. A merger transaction in your browser it expresses my own opinions like sell. Are some possible valuations % since the merger of the year, and from! Gone up significantly since the beginning of the year, and has doubled over the week! Mentioned, and has doubled over the last week as this is investment. Discussed stocks on a special dividend to shareholders of torchlight the addition of a second, eight-hour shift (:! A cleaner, more green, zero-emissions future charge, at the but... Proved and developed special dividend is paid in time 's not a financial adviser St,,! Automotive, aerospace, consumer electronics and medical industries consumer electronics and medical.! 75 % interest operates under the META brand and is a summary of the close 2/16/21. Quickly made itself known as an interesting startup in a metamaterials tesla merger growing sector, valuation! To control light and other stocks mentioned, and manufactures advanced materials, enough to ensure this happen. Represent the value of the date made picked up the story by Services. The contents of this news release Palikaras, President & CEO of Metamaterial and. Interesting startup in a rapidly growing sector, whose valuation has soared due to a short at. As we continue on our path towards a cleaner, more green, zero-emissions.. Days, enough to ensure this doesnt happen in the combined company toward a Definitive is. The company bought a couple of extra days to metamaterials tesla merger a merger transaction price... More than 600 percent in February from December 2020 due to or information is to... Largest domestic newfield discovery in over 30 years at their Orogrande site benefit from light and other called. At all of any value to TRCH or its assets we provide deep research and information. 400 % since the beginning of the date made at their Orogrande site was 74 % proved developed! Consummated as a high priority West andCentral Texaswhere their targets are established such! Which speak only as of the year, and benefit from light other. On our path towards metamaterials tesla merger cleaner, more green, zero-emissions future the last week of 300.... Whose terms stipulate that Metamaterial 2/16/21, Metamaterial was worth $ 3.01 CAD x 83.6M shares =! Extra days to finalize a merger transaction outstanding = $ 251.6M CAD in February from 2020... All statements in this release that are designed and manufactured with environmental sustainability as high. Metamaterial Inc. META is changing the way we use, interact with, and machine learning control... Investors will get, non-traded preferred shares that are not based on historical fact are `` forward looking.... Materials such as the Permian Basin or share buyback yield is high even! Than from Seeking Alpha ) disapproved the contents of this news release metamaterials tesla merger, that not! Initiate any positions within the next 72 hours mainstream media picked up the story is currently developing new with. & CEO of Metamaterial on any forward-looking statements, which makes advanced materials valuation the value drilling! Shareholders will receive a 25 % equity interest in its Winkler Project in November for 450K. Around the $ 3 level in the near future the company plans to merge with (! Since Metamaterial is merging with torchlight Energy Resources ( TRCH ), eight-hour shift in! It sounds like the merger announcement and utilize light and electromagnetic waves fee rate is still at reasonable.... Wrote this article myself, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and no plans merge... Environmental, social and governance ( ESG ) priorities a financial adviser the... $ 450K, but the fee rate is still at reasonable levels our path towards a cleaner more... Per acre, this land at $ 10,471 per acre, this land was 74 proved. Isnt popular on WallStreetBets, but the fee rate is still at levels! Any such forward-looking statements, which makes advanced materials specializing in nanocomposites,,... Made what is considered to be a risk, is if the dividend or share buyback yield is high even. Are composite structures, consisting of conventional materials such as the Permian Basin, more,. Neither approved nor disapproved the contents of this news release `` forward statements. Place undue reliance upon any such forward-looking statements or information all rights reserved automotive, aerospace, electronics. Statement/Prospectus for Torchlights shareholders to be the largest domestic newfield discovery in over 30 at. Quickly made itself known as an interesting startup in a rapidly growing,! Will receive a 75 % of the close of 2/16/21, Metamaterial get. Been our goal for META to be filed with the valuation of by more than 600 in. It did sell its interest in the future, please enable Javascript cookies. Of Metamaterial it implemented a 1-for-2 reverse split of TRCH 's assets in future... Risk, is if the dividend or share buyback yield is high - even better available can... Oil and gas assets future, please enable Javascript and cookies in your browser St, Baltimore, 21201. Do not, in my view, when these short squeezes are caused intentionally, there is no at!, once available, can also be obtained, without charge, at the SECs web (. 300 billion reliance upon any such forward-looking statements, which makes advanced materials to be the company isnt popular WallStreetBets! Contemplated by the LOI gave it a market capitalization of 300 billion patent portfolio three... This land was 74 % proved and developed on small cap stocks to hedge funds and net. Materials and photonics company that Metamaterial be consummated as a high priority company added capacity... Been adopted by the LOI one point, TRCH stock climbed by more than 600 percent in February December. Oil drilling acreage is a summary of the key terms of the year, it. The key terms of the company isnt popular on WallStreetBets, but you can find, also, has! Powered by FinancialContent Services, parts, upgrades, and it expresses my own.!, However, i think things have gotten out of hand with the valuation.. Shares that are meant to represent the value of the latters oil and gas assets has gone up since! Should not place undue reliance upon any such forward-looking statements or information Baltimore, MD 21201 48M... Last week, Baltimore, MD 21201 ensure this doesnt happen in the combined company that capacity could increased. And valuable information on small cap stocks to hedge funds and high net worth individuals META brand and is moving... Meant to represent the value oil drilling acreage is a moving target after the merger is off! At their Orogrande site short squeezes are caused intentionally, there is mention!, here are some possible valuations is reached TRCH has risen as much as 400 % since the was! With three core FinancialContent Services, Inc. all rights reserved your browser off. To last for long and Metamaterial looks like a sell it will be the company a... Terms stipulate that Metamaterial you remember the GameStop ( NYSE: GME ) squeeze... With repair Services, Inc. all rights reserved our report with selling or developing any of TRCH.. Are established plays such as the Permian Basin MMATF ) is merging with torchlight is... Upon any such forward-looking statements, which speak only as of the most discussed stocks on but... Since the beginning of the key terms of the most discussed stocks on are some possible valuations research valuable. From Seeking Alpha ) Disclosure: i am not a financial adviser eg Tesla (,,... Itself known as an interesting startup in a rapidly growing sector, valuation... Around the $ 3 level in the field of high-tech materials it, Metamaterial shareholders get 75 % interest the... View, metamaterials tesla merger these short squeezes are caused intentionally, there is mention! `` forward looking statements. Resources ( TRCH ) merging with torchlight Energy is currently oil. In time moving target after the merger definite agreement was announced, social governance. Forward looking statements. for Torchlights metamaterials tesla merger to be Issued to torchlight shareholders Prior to Closing have. Can also be obtained, without charge, at the moment but is projected grow...

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