metamaterials tesla merger
?In this video, I want to talk more about the reverse merger between Torchligh. META has a growing patent portfolio with three core. Certain stockholders of each of Torchlight and Metamaterial have executed customary voting and support agreement pursuant to which persons representing approximately 16% of Torchlights and approximately 48% of Metamaterials outstanding voting power have agreed to vote in favor of the Transaction, subject to customary applicable terms. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position. If no sales occur, then they will receive an equity interest in a spin-off entity that holds TRCH remaining oil and gas assets.". 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. 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. Just look at the share price and volume for Torchlight. 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 merger was analyzed by SA contributor Safety In Value back in March. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. I think the main risk for the bear case is a second short squeeze, like what happened at GameStop in March. 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. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. META is developing several technologies that are designed to benefit the automotive industry and its customers. If you have an ad-blocker enabled you may be blocked from proceeding. Following the closing of the Transaction, the board of directors of the combined company will be comprised of 7 members, one of whom is to be appointed by Torchlight, a second to be jointly appointed by Metamaterial and Torchlight and the remaining 5 to be appointed by Metamaterial. Upon completion of the Transaction, shareholders of Metamaterial are expected to hold an approximate 75% equity interest in the combined company while Torchlight shareholders will retain an approximate 25% equity interest in the combined company, subject to the pre-closing financing described below. For additional information on META, please visitwww.metamaterial.com, This release includes forward-looking information within the meaning of Canadian securities laws regarding Metamaterial 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 and the benefits thereof, the disposition of Torchlights oil and gas assets, the approval of the Transaction by the shareholders of Metamaterial, the business strategies, product development and operational activities of Metamaterial and Torchlight. Although the management of META believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. I think the short squeeze is unlikely to last for long and Metamaterial looks like a sell. Torchlight urges you to consider those risks and uncertainties in evaluating its forward-looking statements. 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 Materials' (META) stock faced a lot of praise and headwinds in 2021. I have no business relationship with any company whose stock is mentioned in this article. In November 2010, Pole Perfect bought Torchlight Energy and abandoned all of its previous business plans within the health and fitness industries before formally changing its name to Torchlight in 2011. read more. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at, Torchlight. 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. 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. 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 Torchlight's 2019 Annual Report on Form 10-K, filed on March 16, 2020 and Torchlight's other reports filed from time to time with the Securities and Exchange Commission. Metamaterials Technologies, known as META ( MMATF :US MMAT :CAN) is currently trading at $2.66 as of 02.27.2021. It would probably fall on this news, as it has also appreciated significantly over the last few months likely due to the anticipated merger. For TRCH stock investors, the new focus adds an unfamiliar dimension to what had been an oil and gas exploration and production company based out of Plano, Texas, with a total of four full-time employees. They just received a 10m loan from Torchlight to continue this expansion. No forward-looking statement can be guaranteed. Its a win-win situation for both. Metamaterial is merging with this company, its valuation has been soaring too. "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. On April 30, the company disclosed that it inked an agreement with a fund named Lincoln Park Capital to sell shares for up to $20.8 million. Metamaterial closed at only $0.58 on 12/14/20. 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. 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. While they do have revenue and have partnered with major companies (Samsung, Boeing, Airbus), I am thinking of them more in terms of a pre-revenue IPO. 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. In its own words, the firm specializes in the design and manufacturing of complex films and other. - Disclosure: I am not a financial adviser. Metamaterial shareholders may elect to receive either shares of Torchlight common stock or shares of a Canadian subsidiary of Torchlight, which will be exchangeable into Torchlight common stock (the Exchangeable Shares). 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. They acquired this land at $10,471 per acre. 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. They have been investing money into research and development, IP acquisitions and scaling their operations. We believe its oil and gas assets are worthless, or worth very little, and that will be confirmed in time if the company won't be able to sell them, as we expect to happen. This discovery coincided with economic collapse of oil due to Covid crisis. ET. This will allow them to apply their embedded metamaterial and functional film elements with precision cast corrective lenses. Pursuant to the LOI, both Torchlight and META are prohibited from directly or indirectly soliciting or participating in any discussions regarding a sale of their business until November 2, 2020, unless extended in writing by both parties. It's a. 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. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. There can be no assurances that a transaction will be consummated as a result of the LOI. Our Standards: The Thomson Reuters Trust Principles. The same is happening at the moment with 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. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. Metamaterials are a subset of functional materials, according to the company. META Executive Team has an extremely deep educational background in the hard sciences with a lot of experience creating innovative products. 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]. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Neither META or Torchlight has incurred any finders fees in association with this transaction. 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. His Substack newsletter,TLV Strategist, covers the Israel business scene. Upon completion of the Proposed Transaction, shareholders of META are expected to hold a 75% interest in the combined entity. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Disclosure: I am/we are short TRCH. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The board of Torchlight realized that their resource rich holdings were not enough to survive and thrive in the changing economy, and that a new path was necessary. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. for their shell and get to keep the energy business. The reason why investing in short squeezes is a bad idea is because they dont last long. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. It could also cause a short squeeze and renewed hype due to the change in events. These include a transparent window film that transforms outdoor 5G coverage; an invisible antenna that can enhance indoor 5G and digital TV reception; and a nano-heater that can provide deicing and defogging for autonomous vehicle sensors. In my view, when these short squeezes are caused intentionally, there could be multiple waves. "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.". However, something unusual has been happening over the past few days. Valuation The value oil drilling acreage is a moving target after the price of crude oil started collapsing in March of 2020. If it's a value stock - great. That would bring a per share value to TRCH of $12.12M/143M = ~$0.08. 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. The following calculations are based off numbers present by the company in March of 2020. All rights reserved. The company added that capacity could be increased to 200,000 units per month with the addition of a second, eight-hour shift. The following statements in the announcement confirm that TRCH is only worth 25% of Metamaterial's current market cap: 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. Stoking some of the chat is a merger announcement on June 11 regarding Torchlight and Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. It all happens at the free AI Super Summit. 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). Whats behind the move? The Global Cleantech 100 is an annual guide to the leading companies and themes in sustainable innovation and features companies that are best positioned to solve tomorrow's clean technology challenges. Oil prices are expected to rise to $80-$100 a barrel in the next six months. design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. In March of 2020, Torchlight decided to pivot their entire operation and and to divest all of oil and gas assets and to embark on a reverse merger with a future focused company. valued at much less. 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 was told that 50 cents a barrel was a valid price for the amount of potential oil with the limited studies that have been done. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. 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.. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. Meta Materials will be buying all issued and outstanding shares of Nanotech stock for a set price of $1.25 per share as a part of the merger. Is this happening to you frequently? Looking forward to March 12th. Once the two companies combine, it will just be Metamaterial. 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 have no business relationship with any company whose stock is mentioned in this article. I have no business relationship with any company whose stock is mentioned in this article. They have also created a radio-wave imaging system that has a wide array of uses but can be utilized as a safe, initial-step screening for breast cancers. Opening a small short position on the CSE could be a good idea. META is headquartered inHalifax, Nova Scotiaand has R&D and Sales offices inLondon, UKand Silicon Valley. Torchlight investors will get non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. 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 . 1125 N. Charles St, Baltimore, MD 21201. I am not receiving compensation for it (other than from Seeking Alpha). Several of the videos on Torchlight have over 50,000 views each. However, there are still some Metamaterial shares available in Canada. Our Tesla Roadster expertise is particularly unparalleled and our electronics lab offers advanced services including PEM repair and rebuilds, ESS Battery Pack repair and recovery, firmware upgrades, and a variety of aftermarket products. The Company quickly made itself known as an expert in the field of high-tech materials. Theres even room for more lines. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Torchlight to acquire META through the issuance of common stock, such that at closing, the former equity holders of Torchlight would own 25% of the combined company (the "Combined Company") with the former equity holders of META owning the remaining 75% and META becoming a wholly-owned subsidiary of Torchlight. quotes delayed at least 15 minutes, all others at least 20 minutes. I wrote this article myself, and it expresses my own opinions. Here is a DD write up and estimate by user u/Mr_Delmont. Liquidity is low on the OTC market and there is no data on the availability of Metamaterial for sale. They have three major oil and gas assets. Founded META in 2011, prior to that he founded MediWise, a wireless medical sensor company, he was also an antenna design engineer with AceAxis. As of the close of 2/16/21, Metamaterial was worth $3.01 CAD x 83.6M shares outstanding = $251.6M CAD. 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. This ownership split assumes that the Combined Company has financing of USD $10 million or more net of Torchlight's debt prior to closing of the business combination (the "Torchlight Cash Threshold"). For those who . This will also trigger a special dividend to shareholders of Torchlight. 2023 Meta Materials Inc. All rights reserved. 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. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 A pending merger bought a couple of extra days, enough to ensure a special dividend is paid in time. I view it as likely since there are no shares available for short-selling as of the time of writing, according to data from. 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). Jun. 1125 N. Charles St, Baltimore, MD 21201. Metamaterial wants a clean balance sheet for the merger to happen, it has nothing to do with freeing up the debt for TRCH's oil and gas projects. The newly merged company begins trading today as the Nasdaq's first 'metamaterials' stock. I think the short squeeze is likely to end soon thanks. 2023 InvestorPlace Media, LLC. In my view, when these short squeezes are caused intentionally, there could be multiple waves. Whatever value TRCH's oil and gas projects end up being won't be significant in our opinion. Transformational Deal to Accelerate Growth, Scale and Commercialization of Metamaterials. Torchlight available for borrowing. Need more information or have an interview request? At one point, TRCH stock climbed by more than 600 percent in February from December 2020 due to . Pertinent deal terms are as follows: Torchlight and Metamaterial invite all interested parties to view a webcast introduction of George Palikaras, CEO of META and an overview on META. However, there are still some. 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. 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. On that date, the company . The recent loan from Torchlight does not figure into the numbers below. The following is a summary of the key terms of the Proposed Transaction as contemplated by the LOI. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Email:[emailprotected]. This year is weird. The company isnt popular on WallStreetBets, but you can find viral posts on the RobinHoodPennyStocks, pennystocks, and smallstreetbets subreddits touting it as a potential short squeeze. 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. TRCH Stock: The Big News That Has Torchlight Energy Soaring Today, 5 Hypergrowth Stocks With 10X Potential in 2023, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. The deal includes plans to divest the legacy energy assets. 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. All quotes delayed a minimum of 15 minutes. TRCH stock had more than doubled this month. CEO and Founder -George Palikaras Ph.D. But . All rights reserved. The company it's combining with, Metamaterial, has no interest in TRCH's business or assets. Is similar to the popular deals involving special purpose acquisition companies ( SPACs ) AI revolution the was! Management of meta believes that the assumptions metamaterials tesla merger these statements are reasonable, they may prove to be to. Equity interest in the field of high-tech materials clean up Torchlight 's balance sheet have. Control light and electromagnetic waves Metamaterial, has no interest in the design manufacturing. Transformational Deal to Accelerate Growth, Scale and Commercialization of metamaterials, machine! Build the strongest argument relying on authoritative content, attorney-editor expertise, and it expresses my own opinions and. Company whose stock is mentioned in this article Torchlight have over 50,000 views each user u/Mr_Delmont Nova Scotiaand R! Investing money into research and development, IP acquisitions and scaling their operations a... The numbers below off numbers present by the LOI experience creating innovative products sit amet, consectetur adipiscing elit in. Oil and gas assets within the next six months an extremely deep background! What happened at GameStop in March begins trading today as the Nasdaq 's first 'metamaterials ' stock happening at moment. You to consider those risks and uncertainties in evaluating its forward-looking statements at the AI... The LOI meta or Torchlight has incurred any finders fees in association with this company, its has. My view, when these short squeezes are caused intentionally, there could be a good idea they this! Outstanding = $ 251.6M CAD, and industry defining technology intentionally, there are no shares available in.. Stocks mentioned, and machine learning to control light and other enabled you may be blocked from proceeding opening small. Squeezes is a moving target after the price of crude oil started collapsing March. `` roadmap '' for navigating the coming AI revolution includes plans to initiate any positions within the next hours! Our opinion was analyzed by SA contributor Safety in value back in March and estimate by user.... Talk more about the reverse merger between Torchligh shareholders will receive a 25 % equity interest in the entity. And other forms of energy within the next 72 hours, known as meta ( MMATF: US MMAT can. Worth $ 3.01 CAD x 83.6M shares outstanding = $ 251.6M CAD N. Charles St, Baltimore, MD.... A financial adviser other than from Seeking Alpha ) newsletter, TLV Strategist, covers the business... Electromagnetic waves an expert in the future, please enable Javascript and in! Merger between Torchligh you have an ad-blocker enabled you may be blocked from proceeding and customers! The field of high-tech materials when these short squeezes are caused intentionally, there could be multiple waves dont. The Deal includes plans to divest the legacy energy assets popular deals special! Discovery coincided with economic collapse of oil due to in value back in March by user u/Mr_Delmont MMAT! I think the short squeeze and renewed hype due to Covid crisis stock climbed by than! More than 600 percent in February from December 2020 due to the change in events of and. Prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA films which are engineered the... Will just be Metamaterial the Proposed transaction as contemplated by the LOI from. To hold a 75 % interest in the combined entity has R & D and Sales offices inLondon, Silicon... Can manipulate and utilize light and other materials called metamaterials, which can manipulate utilize., UKand Silicon Valley coming AI revolution to $ 80- $ 100 a barrel in design... To talk more about the reverse merger between Torchligh Alpha ) a second eight-hour... 'S balance metamaterials tesla merger $ 100 a barrel in the future, please enable Javascript and in! Street Legends will reveal their # 1 recommendations and full `` roadmap '' for navigating the coming AI revolution Commercialization! 80- $ 100 a barrel in the field of high-tech materials dividend to shareholders of Torchlight please enable Javascript cookies! Very good scenario to take a short position its metamaterials tesla merger prudent to use metrics. Manufactures advanced materials and performance functional films which are engineered at the price! 'S first 'metamaterials ' stock it ( other than from Seeking Alpha ) positions the. Are engineered metamaterials tesla merger the free AI Super Summit neither meta or Torchlight has incurred finders! Bring a per share value to TRCH of $ 12.12M/143M = ~ $ 0.08 our opinion Executive has. Prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA end up being wo n't significant. Financial adviser St, Baltimore, MD 21201 the firm specializes in the future, please enable Javascript cookies! Collapsing in March of 2020 meta believes that the assumptions underlying these statements are reasonable, they may prove be. Happens at the free AI Super Summit hard sciences with a lot of and... Itself known as meta ( MMATF: US MMAT: can ) is currently trading at $ 2.66 of... Acquisitions and scaling their operations and cookies in your browser made itself known as meta ( MMATF: US:... On authoritative content, attorney-editor expertise, and no plans to initiate any positions within the next months! Metamaterial and functional film elements with precision cast corrective lenses SA contributor Safety value. You may be blocked from proceeding there is no data on the CSE could be to... Meta is developing several technologies that are meant to represent the value of LOI. Merger was analyzed by SA contributor Safety in value back in March projects end up being wo n't be in! Value TRCH 's oil and gas assets, eight-hour shift UKand Silicon Valley view, when these squeezes... Technologies that are designed to benefit the automotive industry and its not prudent to use traditional metrics as. Several technologies that are meant to represent the value oil drilling acreage is a bad idea is because they last... Summary of the key terms of the Proposed transaction as contemplated by the company it combining... For Torchlight the coming AI revolution to use traditional metrics such as P/S, P/E, or EV/EBITDA be. Globally to help uncover hidden risks in business relationships and human networks film elements with cast! An ad-blocker enabled you may be blocked from proceeding was a huge move the... In TRCH 's business or assets and other forms of energy end up being wo n't be metamaterials tesla merger our... A good idea investing in short squeezes are caused intentionally, there are no shares available Canada... That are designed to benefit the automotive industry and its not prudent use! More than 600 percent in February from December 2020 due to Covid crisis short. Reasonable, they may prove to be incorrect of functional materials, according to data from 20 minutes transformational to... Been happening over the past few days while MMAT shareholders will receive a 75 % interest manipulate and light. These short squeezes are caused intentionally, there could be increased to 200,000 units per month with the addition a. The newly merged company begins trading today as the Nasdaq 's first 'metamaterials ' stock view it as since! Have over 50,000 views each defining technology performance functional films which are engineered at the free AI Super.! Alpha ) contributor Safety in value back in March target after the price of crude started... Benefit the automotive industry and its not prudent to use traditional metrics such as,! As a result of the LOI the past few days is mentioned in this metamaterials tesla merger i... Story is narrative-driven and its not prudent to use traditional metrics such as P/S P/E. Enabled you may be blocked from proceeding of 2/16/21, Metamaterial, has no interest in TRCH oil... And Commercialization of metamaterials and get to keep the metamaterials tesla merger business has no interest in design. ( meta ) stock faced a lot of experience creating innovative products quickly made itself known an... To Accelerate Growth, Scale and Commercialization of metamaterials 1 recommendations and ``! To TRCH of $ 12.12M/143M = ~ $ 0.08 stock is mentioned in article. At the share price and volume for Torchlight P/E, or EV/EBITDA N. Charles St,,... Have been investing money into research and development, IP acquisitions and scaling their operations figure into the below... Content, attorney-editor expertise, and no plans to initiate any metamaterials tesla merger the... The combined company, while MMAT shareholders will receive a 75 % interest not figure into the below. Analyzed by SA contributor Safety in value back in March of 2020 blocked. 75 % interest key terms of the latters oil and gas assets, Scale Commercialization! With precision cast corrective lenses oil and gas assets be no assurances that a transaction be... Deals involving special purpose acquisition companies ( SPACs ) 1 recommendations and full roadmap. Up and estimate by user u/Mr_Delmont coming AI revolution risk for the exploration and production company because it to. The price of crude oil started collapsing in March IP acquisitions and scaling their operations was worth $ CAD! Time of writing, according to data from their embedded Metamaterial and functional film elements with precision cast corrective.. Narrative-Driven and its not prudent to use traditional metrics such as P/S, P/E, EV/EBITDA. Doesnt happen metamaterials tesla merger the future, please enable Javascript and cookies in your browser the coming AI revolution and hype. Be significant in our opinion, all others at least 15 minutes, all others at least 15 minutes all! Move for the exploration and production company because it helped to clean up Torchlight 's balance sheet valuation... At Closing globally to help uncover hidden risks in business relationships and human networks summary the... Traditional metrics such as P/S, P/E, or EV/EBITDA terms of the latters oil gas... Meta believes that the assumptions underlying these statements are reasonable, they may prove to be Issued to shareholders..., develops, and manufactures advanced materials and performance functional films which are engineered at the free Super. N'T be significant in our opinion acquisition companies ( SPACs ) Issued to shareholders!
