Theres even room for more lines. Rob Stone Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. Our 3 Top Picks, Stay Away From LCID Stock Before Tesla Kills It. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Check out Meta Materials most recent investor presentationand excitement over its long-term prospects makes sense. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. He earned his law degree from Georgetown Law, in Washington D.C. Delvina Oelkers 13 Years Experience. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. As InvestorPlaces Chris MacDonald wrote July 6, Meta Materials is making progress in producing a non-invasive glucose sensing system. This is my toughest video so far and am aware that not all investors will agree with the questions but I think it is important to present them. Copyright 2023 InvestorPlace Media, LLC. No forward-looking statement can be guaranteed. 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. 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. But now, that trends come and gone once again. 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, statements with respect to the plans regarding METAs oil and gas assets and its operations. 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, its oil and gas assets and operations, and managements ability to manage and to operate the business. FTDs are nearly always due to a traders failure to make good on a naked short contract. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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%. As many as 148 million FTD shares of Meta are said to be outstanding. Meta Materials : Dr. Hai Sun Joins META as Director of Lithography Manufacturing and Opera.. Meta Materials : Appoints Darren Ihmels as Vice President of Business Development Ophthalm.. Meta Materials Inc. : Other Events, Financial Statements and Exhibits (form 8-K). Torchlight also announced that the steps necessary to close the business combination with Metamaterial Inc. were completed on June 25, 2021 and therefore Torchlight expects that the business combination will be effective on June 28, 2021 as of 12:01 AM EDT. Strategy has now been improved to allow experienced traders to have more flexibility, with a further 3 exclusive videos for our discord members as well as the release of our stocks spreadsheet.https://youtu.be/ZTSaM530_EULesson : Million Dollar Challenge update#tradingsecrets #MMAT #milliondollarchallengeThis video is for entertainment purposes only. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in . Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. 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. Sponsored: Find a Qualified Financial Advisor. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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-Q filed with the SEC on November 15, 2021, in the Companys 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 SECs website at www.sec.gov. Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. The ex-dividend date of this dividend is Friday, March 3rd. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. MMAT MMTLP Metamaterials Special Dividend update. No forward-looking statement can be guaranteed. All rights reserved. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Investing in our common stock involves a high degree of risk. 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. 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. 2023 InvestorPlace Media, LLC. RISK FACTORS . Follow me on this journey to success and profits. 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.. -, 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. 5 BIG Questions for George. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? Although the Company 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. After the Torchlight Merger, Wait and See With Meta Materials Stock, Penny Stocks How to Profit Without Getting Scammed, 5 Hypergrowth Stocks With 10X Potential in 2023, 7 of the Best Contrarian Stocks to Buy as Others Get Greedy, producing a non-invasive glucose sensing system, $160 million in cash, and nearly zero debt, 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, What Is the Best Growth Stock to Buy Now? Although the Company 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. 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. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. Some WallStreetBets commenters appear to be adding all the FTDs over the entire 11-year life of Torchlight Energy to get the higher total. 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). Based on its pro forma financials, revenues on an annualized basis come out to around $2.4 million. The total value of the companys oil and gas properties at the end of 2020 was $30.86 million. In the shareholder letter, founder and CEO George Palikaras said the company expects development programs to account for the majority of our revenue over the next 12 months.. Even after its sell-off, the company sports a market capitalization of around $1.1 billion. As part of our December update, the operations are well underway, and the drilling is on track for completion later this month. At a low enough price, it may be a worthwhile bet. He is also an attorney, licensed to practice law in the State of Texas. This team is able to continue providing key planning and operational assistance for the full development of the Orogrande project. If you're new to stock investing, here's how to buy Meta Materials stock. In order to complete the spinout, the Company must complete an audit of the oil and gas operations. The company dealt with oil and gas exploration and production. Email:[emailprotected]. Exhibit 99.2 . META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 5 Investors Still Betting Big on Novavax (NVAX) Stock. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. Holders of Torchlights Series A preferred shares have been promised a special dividend when the oil and gas assets are sold. But today, its still trading at inflated prices and has plenty more room to fall. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. Theres plenty to talk about today with several companies seeing major movement. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. In 2021, the Company incurred costs of $14.2 million in relation to the drilling activity to maintain compliance with the lease obligations. 1125 N. Charles St, Baltimore, MD 21201. This points to the stock having plenty of room to fall before its no longer overvalued. This has driven much of this stocks post-merger decline. 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 . As an Asset Manager at Eclipse Resources, she was responsible for leading the multidisciplinary team to prove-up the asset. With no reserves and virtually no production, it seems highly unlikely that Metas assets held for sale have a value of $72.8 million. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Email: ir@metamaterial.com. On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article. Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. julia morris photography; elizabeth arden ceramide lift and firm day cream ingredients; 6096 east main street reynoldsburg ohio The Companys 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 OilCo is spun out as rapidly as possible for the benefit of the Series A preferred stockholders. At the time, nearly a quarter of its free float was sold short. Forward-Looking StatementThis 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. There may be opportunity down the road with the now-named MMAT stock. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/. Lorem ipsum dolor sit amet, consectetur adipiscing elit. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. With only the rarest exceptions,InvestorPlacedoes not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. You can even use them to improve solar panel efficiency. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. For further details and to join please visit:https://www.patreon.com/TradingSecretsJoin our Million Dollar Challenge. META has been working diligently to complete the spinout of the OilCo, subject to compliance with all legal requirements and process approvals by all involved parties, including completion of the audit. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 MMAT stock was down 19% as of Monday morning. All rights reserved. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. (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 . MMAT stock is seeing heavy trading today after the merger closed. Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Friday, February 24th. That includes stocks with short squeeze potential, Churchill Capital IV(NYSE:CCIV)s merger plans, and gene-editing stocks on the move. MMAT stock is seeing heavy trading today after the merger closed. For additional information on Torchlight, please visit www.torchlightenergy.com. Although the Company 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. 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