Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. All rights reserved. The required audit, legal and compliance steps are inherently time consuming, said Greg McCabe, former Chairman of the Board of Torchlight Energy Resources, Inc. I am pleased with the progress thus far and look forward to seeing the spinout completed.. MMAT Stock: 14 Things to Know About Red-Hot Meta Materials, 5 Hypergrowth Stocks With 10X Potential in 2023, paying of a special dividend to its shareholders, a major shift compared to Torchlight Energy Resources main business, Short Squeeze Stocks: CLOV, AEI and 3 Other Stocks Experts Think Are Ready to Pop, Dear CCIV Stock Fans, Mark Your Calendars for July 22, Gene Editing Stocks: The Big News Lifting EDIT, BNGO, CRSP and NTLA Stocks, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks, Housing Market Crash Alert: Mark Your Calendars for Feb. 28. -, Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Operations, Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalmics (Form 8-K). We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Electro Optical & Infrared Systems (EO/IR). 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. Learn more atwww.metamaterial.com. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. MMAT MMTLP Metamaterials Special Dividend. FTDs are nearly always due to a traders failure to make good on a naked short contract. Often but not always, forward-looking information can be identified by the use of words such as "pursuing", "potential", "predicts", "projects", "seeks", "plans", "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "should", "would" or "will" be taken, occur or be achieved. 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. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Upon the spinout, costs associated with the oil and gas assets and operations will be carried by the OilCo as debt owed to META. History; The Team; Investment; Label Solutions The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with . End-of-day quote Nasdaq So has another factor: the heavy issuance of new shares. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. All statements in this release that are not based on historical fact are 'forward looking statements.' No, MMAT has not paid a dividend within the past 12 months. 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. At the end of 2020, Torchlight reported total production for the year of 5,445 barrels of oil and 5 million cubic feet of natural gas. Copyright 2023 Surperformance. 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. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. Nasdaq All rights reserved. 2023 InvestorPlace Media, LLC. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 For the first six months of the year, Meta lost $49.34 million, of which $40.54 million was down to a one-time, noncash net loss on financial instruments. Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. It also announced plans for the merger of the company to close today. HALIFAX, NS / ACCESSWIRE / March 31, 2022 / 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 which is now planned as a . The total value of the companys oil and gas properties at the end of 2020 was $30.86 million. No forward-looking statement can be guaranteed. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 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 Company, including, but not limited to, the ability of the Companys management to focus on the disposition or spinout of the oil and gas assets, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company , the market position of the Company, the scalability of the Companys production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and managements ability to manage and to operate the business not related to the oil and gas assets. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.comswriters disclose this fact and warn readers of the risks. Sure, as InvestorPlace's Alex Sirois recently detailed, it has $160 million . Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. 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 Company, including, but not limited to, the ability of the Company's management to focus on the disposition or spinout of the oil and gas assets, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company , the market position of the Company, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business not related to the oil and gas assets. Meta closed the second quarter with cash and equivalents totaling $154.63 million and long-term debt of $2.74 million. -, Wall Street Set to Open Lower as Inflation Data Concerns Investors, Meta Materials Wins New Purchase Order From G10 Central Bank Customer, Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Optic Technology, KolourOptik, https://www.accesswire.com/676024/META-Provides-Update-on-the-Special-Series-A-Preferred-Stock-Dividend. Copyright 2023 InvestorPlace Media, LLC. (RTTNews) - Shares of BayWa AG (BYWG) were gaining around 2 percent in the early morning trading in Germany after the operator in the agriculture, building materials and energy sectors reported . 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. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". Nasdaq SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. More details about these and other risks that may impact the Company's businesses are described under the heading "Forward-Looking Information" and under the heading "Risk Factors" in the Company's Form 10-Q filed with the SEC on November 15, 2021, in the Company's Form 10-K filed with the SEC on March 18, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SEC's website at www.sec.gov. 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. This sell-off will likely carry on, at least until its past meme stock status fully goes away. The next steps in the spinout include, but are not limited to, (i) formal transfer of the assets through a contribution of certain subsidiaries that own the oil and gas assets to OilCo Holdings, Inc. (the OilCo), a newly formed wholly owned subsidiary of META, (ii) ensuring that the OilCo capital structure supports a spinout and, (iii) making any necessary filings with the SEC. This team is already consulting to OilCo and operating the Orogrande project and has been very valuable to our efforts during the drilling process. Existing areas of focus include 5G, self-driving cars and solar energy. 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. Vice President, Corporate Development and Communications This team is able to continue providing key planning and operational assistance for the full development of the Orogrande project. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. Home; Our CV. Press J to jump to the feed. The purpose of each video will be to boost your potential gains in the stock market. 1125 N. Charles St, Baltimore, MD 21201. He is also an attorney, licensed to practice law in the State of Texas. 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. As of this writing, more than 12 million shares of the stock have changed hands. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Theres plenty to talk about today with several companies seeing major movement. There are 3 levels to choose from starting at just $9 per month. You will have the opportunity to ask questions, receive trading tips, view in advance the latest penny stock picks, and have your portfolio reviewed as well as getting access to my spreadsheet portfolio of invested stocks, with due diligence, buy prices and also strike prices. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. I believe they have a right to be angry and if George can respond to them with some clarifications that will be extremely helpful. Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. SOURCE: Torchlight Energy Resources, Inc. Torchlight Energy Resources Inc. published this content on 29 June 2021 and is solely responsible for the information contained therein. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . quotes delayed at least 15 minutes, all others at least 20 minutes. With the completion of work on four wells in December 2021, the Company believes that META remains in compliance with all aspects of its lease obligations, including its obligations pertaining to the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project. 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