Is Meta Materials's dividend stable? His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. Learn more atwww.metamaterial.com. 19.0k members in the MMAT community. As InvestorPlaces Chris MacDonald wrote July 6, Meta Materials is making progress in producing a non-invasive glucose sensing system. MMAT MMTLP Metamaterials Special Dividend. All statements in this release that are not based on historical fact are 'forward looking statements.' Press question mark to learn the rest of the keyboard shortcuts. Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Nasdaq Email:[emailprotected]. News that the deal was at a close came on Friday from Torchlight Energy Resources. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. THE ARRANGEMENT AGREEMENT WITH METAMATERIAL, INC. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. quotes delayed at least 15 minutes, all others at least 20 minutes. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. I will be sharing my knowledge and insight of trading strategy by providing stock analysis of the latest share to invest in and the best strike prices. Electro Optical & Infrared Systems (EO/IR). The Company believes that, upon completing the work on these four wells, META will be in compliance with all aspects of its lease obligations, and the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project will be satisfied. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. It looks like you aren't allowed to do that. Ms. Oelkers has managed engineering teams at Eclipse Resources and Montage Resources, achieving cost and efficiency improvements while implementing innovative technology for substantial reserve recovery. For investors, the most interesting part of the report might have been the line captioned Assets Held for Sale. Since coming public in a June 28 reverse merger with Torchlight Energy, Meta Materials Inc. (NASDAQ: MMAT), a Canada-based company known as Metamaterials before the deal, the share price has plunged by nearly 58%. julia morris photography; elizabeth arden ceramide lift and firm day cream ingredients; 6096 east main street reynoldsburg ohio Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . No, MMAT has not paid a dividend within the past 12 months. Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. As one Seeking Alpha contributor detailed near the peak of the squeeze, the former TRCH stock struck while the iron was hot, launching a dilutive secondary offering. As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 If you're new to stock investing, here's how to buy Meta Materials stock. HALIFAX, NS / ACCESSWIRE / December 3, 2021 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT, FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned sale or spinout . The company had sold its last reserves in November. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. Create an account to follow your favorite communities and start taking part in conversations. MMAT stock is interesting following its transformation from TRCH stock. We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. Copyright 2023 ACCESSWIRE. Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. If Meta Materials is pricey now, whats a reasonable valuation? Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. All rights reserved. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. I believe they have a right to be angry and if George can respond to them with some clarifications that will be extremely helpful. The Company's objective has been and remains to ensure that the intrinsic value of these assets is maintained for the benefit of the Series A Preferred stockholders of META and that the assets or proceeds therefrom are transferred as rapidly as possible to the Series A Preferred stockholders. This has driven much of this stocks post-merger decline. Until we see further progress with its big plans, its best to stay away. Follow me on this journey to success and profits. He led the drilling and operational teams through the development of the super-lateral program highlighted by the drilling and completion of the world record setting Purple Hayes 1H Well. Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. 'We plan to continue our efforts related to our asset divestiture to provide a positive outcome for Preferred A Stockholders as well as entering this new chapter for the combined Company. 1125 N. Charles St, Baltimore, MD 21201. The preferred shares were issued on a one-for-one basis to Torchlight shareholders of record on June 24. All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as the closing of the business combination with Metamaterials, stated objectives or goals, our refinement of strategy, our attempts to secure additional financing, our exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. How High Can the Supreme Court Take SOFI Stock? My toughest video so far. Lorem ipsum dolor sit amet, consectetur adipiscing elit. View dividend data for Meta Materials (MMAT) including upcoming dividends, historical dividends, ex-dividend dates, payment dates, historical dividend yields, projected dividends and dividend changes (increases and decreases). Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Before you run out and buy this stock, keep in mind its many years away from coming even close to this level of success. Not only that, the special dividend paid out before the deal close represents a $77.9 million preferred stock claim on its shareholder equity. We expect to provide additional updates upon completion of the drilling operations. Delayed Nasdaq So has another factor: the heavy issuance of new shares. I have over 20 years experience as a lecturer in business, accounting, economics and law. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC More details about these and other risks that may impact the Companys businesses are described under the heading Forward-Looking Information and under the heading Risk Factors in the Companys Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2, in the Companys Form 10-Q filed with the SEC on November 15, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SECs website at www.sec.gov. Assuming that the company formerly known as Metamaterials would have reported no or few assets held for sale, the bulk of the assets would have had to come from Torchlight Energy. You can take a look at all of these stories at the links below! In 2021, the Company incurred costs of $14.2 million in relation to the drilling activity to maintain compliance with the lease obligations. Sponsored: Find a Qualified Financial Advisor. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. 36 votes, 18 comments. META is in the process of finalizing permanent arrangements with a completely new management team for OilCo who bring significant experience in oil and gas exploration as well as specific experience in the Orogrande region. Given the scope of the work required to ensure that we remain in compliance with the lease obligations and satisfy a range of regulatory requirements, the Company is targeting a spinout or disposition of the oil and gas assets for early Q1 2022 pending process approvals by all parties involved. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Meta Materials (NASDAQ: MMAT) does not pay a dividend. Heres everything investors interested in MMAT stock need to know after the merger. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201. MMAT stock remains inflated. HALIFAX, NS / ACCESSWIRE / December 3, 2021 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT, FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned sale or spinout of these assets for the benefit of the Series A preferred stockholders. On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Retail traders flocked into the former TRCH stock last month in the weeks leading up to the deal close. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. As a result, Meta Materials started trading on the, These are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by META scientists to exhibit new or enhanced properties.. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Those who got in near or at its split-adjusted high of $10.88 per share? The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. 5 BIG Questions for George. For additional information on Torchlight, please visit www.torchlightenergy.com. Tel: +44 (0)1294 214402 | irish law times submissions balitang amianan reporters. Mr. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. Before investing in our common stock, you should carefully consider the risks described below, together with the risk factors contained in the section entitled "Risk Factors" of the Company's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities Exchange . 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. Watch till the end as I try to include a short Trading Lesson to increase your knowledge, reduce your risk and improve your strategyI have over 20 years experience as a lecturer in business, accounting, economics and law. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law. That includes stocks with short squeeze potential, Churchill Capital IV(NYSE:CCIV)s merger plans, and gene-editing stocks on the move. There are 3 levels to choose from. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. This exchange ratio was planned to result in the Metamaterial Inc. shareholders owning approximately 75% of the resulting post-merger company, Meta Materials Inc, subject to financings prior to the closing of the business combination. Finding a qualified financial advisor doesnt have to be hard. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. Nasdaq On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. Theres even room for more lines. But now, that trends come and gone once again. As you likely know, last month saw a mad dash into heavily shorted stocks, as retail traders tried to get in early on the next AMC Entertainment (NYSE:AMC) or GameStop (NYSE:GME). I will be sharing my knowledge and insight of trading strategy by providing stock analysis of the latest share to invest in and the best strike prices. Product sales amounted to $1.95 million. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. It also announced plans for the merger of the company to close today. In this video I will address 5 BIG Questions for George as the vast majority of investors are angry and would like some of their concerns addressed. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. Over the past month, its fallen from around $10 to less than $4 per share. 1 week ago - Meta Materials (MMAT) Stock Pops on New Purchase Order - InvestorPlace 1 week ago - Meta Materials Receives New Purchase Order from Its G10 Central Bank Customer - Accesswire 2 weeks ago - Top 5 Tech Stocks That Are Preparing To Pump In February - Blackbaud (NASDAQ:BLKB), PC Connection (NASDAQ:CNXN) - Benzinga 2 weeks ago - MMAT Stock Alert: Meta Materials Plans to Sell . quotes delayed at least 15 minutes, all others at least 20 minutes. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. You can also ask questions, receive trading tips, and have your portfolio reviewed as well as getting access to our successful Million Dollar Challenge. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. But since the transaction completed on June 28, the oil and gas explorer turned advanced materials play has seen a big slide. "I would like to take this opportunity to thank all of Torchlight's shareholders, its Board and the team at Metamaterial Inc. for their long time support, enthusiasm and efforts in making this merger a success," commented John Brda, Torchlight's Chief Executive Officer. Meta Materials(NASDAQ:MMAT) stock is on the move this morning after the company completed its merger with Torchlight Energy Resources. This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, plans, and the timing, for the disposition or spinout of the Companys oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors, including those risks and uncertainties described in or implied by the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our 2020 Annual Report on Form 10-K, filed on March 18, 2021, our First Quarter 2021 report on form 10-Q filed on May 14, 2021 and our other reports filed from time to time with the Securities and Exchange Commission ('SEC'). He is also an attorney, licensed to practice law in the State of Texas. This work includes, but is not limited to, formal transfer of the assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, ensuring that the OilCo capital structure supports a spinout and, making any necessary filings with the SEC. No forward-looking statement can be guaranteed. It may be able to turn its technology into high levels of growth in the coming years. But a key end use may be in the health care space, and diabetes management (glucose monitors) in particular. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law. Held for Sale basis come out to around $ 1.1 billion later this.! Company completed its merger with Torchlight Energy Resources me on this journey success. Statements. licensed to practice law in the health care space, and he holds a Bachelor of Science Petroleum. 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Mmtlp Metamaterials New Special dividend when the oil and gas assets are sold FinancialContent Services, Inc. all reserved.
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