Here is a DD write up and estimate by user u/Mr_Delmont. Jun. Looking like March 12 for merger date? The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. What could be a risk, is if the merger is called off. Recall that the company plans to merge with Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. 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. According to META, the 2nd generation manufacturing line is capable of 100,000+ units per month, to support AR and other holographic products, such as automotive HUD displays, laser glare protection, optical filters, diffractive optics, and other photonic applications. The stock price of Torchlight Energy Resources Inc (NASDAQ: TRCH) is trading at over 10% pre-market as of 7:14 AM ET. Such persons can also read Torchlights Annual Report on Form 10-K for the fiscal year endedDecember 31, 2019, for a description of the security holdings of its officers and directors and their respective interests as security holders in the consummation of the transactions described herein. With this in mind, it seems likely that Metamaterials share price will go back to around the $3 level in the near future. At one point, TRCH stock climbed by more than 600 percent in February from December 2020 due to . Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. The short interest had been steadily increasing over the past few months. Just look at the share price and volume for Torchlight. We believe this Transaction provides our shareholders with the best opportunity moving forward. Torchlight's stock rose as high as 74% last Monday as retail investors piled into the stock with record volumes. The whole stock market depends only on whether there are more shares than idiots or more idiots than shares. Is there a short squeeze? Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. and unknown risk factors and uncertainties affecting the companies, including risks regarding the ability of the parties to close the proposed transaction, 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 managements ability to manage and to operate the business. If the dividend or share buyback yield is high - even better. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. 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. An entity owned by Greg McCabe, Torchlight's Chairman, provided a bridge loan to Torchlight for USD $1.5 Million with a conversion feature of $.375 per common share of Torchlight. META has a growing patent portfolio with three core. At the time of the merger announcement, on the close of 12/14/20, Metamaterial was valued at much less. Although Metamaterial 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. However, a termination of the merger would likely a be a bad event for Metamaterial's share price, because then it would be stuck trading on the Canadian exchange and would have to find a new Nasdaq reverse merger candidate. This February META acquired Interglass Technology AG of Switzerland, their IP and over 70 patents. 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. - PennyQueen, Projected Markets for Metamaterials to 2023, Smart Materials: Opportunities in Structural Electronics and Electrics to 2030, Article on GlobeNewswire About Global Photovoltaic Markets, Worldwide Revenue from Electric Vehicles Since 2010, Internet of Things Forecasts and Market Estimates, largest domestic newfield discovery in over 30 years, under contract for $450k (350k to Torchlight), Conoco Phillips acquired Concho Resources. There seems to be a short squeeze at Torchlight, with which Metamaterial is merging to list on NASDAQ. 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 risks associated with Torchlights ability to obtain additional capital in the future to fund planned expansion, the demand for oil and natural gas which demand could be materially affected by the economic impacts of COVID-19 and possible increases in supply fromRussiaand OPEC, the proposed business combination transaction with Metamaterial, general economic factors, competition in the industry and other factors that could cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. All articles are my opinion - they are not suggestions to buy or sell any securities. Electro Optical & Infrared Systems (EO/IR). 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). Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. Automotive HUD See Solution De-icing / De-fogging See Solution Transparent Antennas See Solution 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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.. read more. 3rd party valuation of potential recoverable hydrocarbons, 2. 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. Torchlight, Metamaterial and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Torchlight Shareholders in connection with the proposed business combination. All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as stated objectives or goals, Torchlight's refinement of strategy, Torchlight's attempts to secure additional financing, Torchlight's exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. EMI shielding market projected to be valued at 6.8Bn in 2020 9.2B by 2025 CAGR 6.3% 2020-2025 Source: (Research and Markets). In November 2020, Torchlight extended an existing letter of intent with Metamaterial to work toward a definitive merger agreement. For additional information on Torchlight, please visitwww.torchlightenergy.com. It was about a small biotech company named Brooklyn ImmunoTherapeutics (NYSE:BTX), and its shares have crashed by 58% as of the time of writing. Ultimately, the deal is worth over $70 million.. But remember, Metamaterial is listed on the CSE. I could not find anyone willing to go on record. META shall appoint the 5 remaining members of the Board, which members must include the required number of independent members to maintain the NASDAQ listing requirement. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Although the management of META believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The proxy statement/prospectus will be mailed to Torchlights Shareholders. Torchlight has engaged Roth Capital Partners as financial advisor and Stikeman Elliott LLP and K&L Gates LLP as legal advisors, and Metamaterial has engaged Hamilton Clark and Cormark Securities as financial advisors and Fasken Martineau DuMoulin LLP andWilson Sonsini Goodrich& Rosati P.C. META is currently trading at $2.66 I anticipate a near doubling with a successful merger vote. Valuation The value oil drilling acreage is a moving target after the price of crude oil started collapsing in March of 2020. Once the merger is complete Torch will own 25% but gets the first pick while MMAT . 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. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. 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. The purpose of the merger is only so Metamaterial can be listed on the Nasdaq. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). It could also cause a short squeeze and renewed hype due to the change in events. Investors appear to be responding to rumors about the company working with Tesla. Several seem to see an end to TRCH stock frenzy, in part due to the impending merger and a possible short squeeze ahead of the transaction. 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. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. 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. Torchlight urges you to consider those risks and uncertainties in evaluating its forward-looking statements. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Oil averaged $40.75 that month. Torchlight cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. There is no share available for short selling at Torchlight. This transaction will enhance our ability to pursue a broad range of opportunities and attract additional world-class talent. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. All statements in this release that are not based on historical fact are forward looking statements. 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. Perform your own due diligence and consult a financial professional before trading. 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. ET. In connection with the Transaction, Torchlight and Metamaterial respectively obtained fairness opinions. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. We believe the reason for this is speculation over the merger and sale of the assets. 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. These will be ultra-thin, light, flexible, can be applied to flat or curved surfaces and will be able to add onboard power and charging. (you can quote me on this). The following is a summary of the key terms of the pending Transaction as contemplated by the Arrangement Agreement. 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. 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. The reason why the short squeeze at Torchlight is likely to end soon is because the company is taking advantage of the irrational share price increase and has launched a $250 million share offering. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties. Whatever value TRCH's oil and gas projects end up being won't be significant in our opinion. The Combined Company shall use its commercially reasonable efforts to cause the Torchlight oil and gas assets to be sold by June 30th, 2021. If you have an ad-blocker enabled you may be blocked from proceeding. The company detailed its paying of a special dividend to its shareholders, as well as a reverse stock split. 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. 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. Torchlight also announced that it implemented a 1 . META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and electromagnetic waves. In its own words, the firm specializes in the design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. "NASDAQ is the world's premier technology exchange, providing us with the best platform to expand awareness of META on the global stage and fully realize the value of our portfolio of innovative sustainable products. Only the Nasdaq listing. The reason why investing in short squeezes is a bad idea is because they dont last long. Metamaterial closed at only $0.58 on 12/14/20. All articles are my opinion - they are not suggestions to buy or sell any securities. 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. But . META's products are designed and manufactured with environmental sustainability as a high priority. Today, I want to talk about how an interesting Canadian startup named Metamaterial (. 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. 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. Perform your own due diligence and consult a financial professional before trading. The last major purchase in the Permian Basin was in October 2020 when Conoco Phillips acquired Concho Resources in a $9.7 BN all stock transaction, adding 550,000 acres in the Permian basin and 200,000 b/d. Torchlight's management is to remain in an advisory role focused on winding down the Torchlight legacy business and maximizing the value obtained from the divestiture of the Torchlight oil and gas assets. No forward-looking statement can be guaranteed. It has been our goal for META to be a NASDAQ-listed company, stated George Palikaras, President & CEO of Metamaterial. All quotes delayed a minimum of 15 minutes. This transaction is similar to the popular deals involving. As you can see, there are many possible valuations. A place to find gems and meet new friends. Typically, mechanical metamaterial properties are programmed and set when the architecture is designed and constructed, and do not change in response to shifting environmental conditions or application requirements. 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. MMAT Stock: Meta Materials Hits Nasdaq as TRCH Stock Merger Closes, 5 Hypergrowth Stocks With 10X Potential in 2023, paid the special Series A Preferred Stock dividend, 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. It also announced plans for the merger of the company to close today. 1125 N. Charles St, Baltimore, MD 21201. We welcome you to check back often as we continue on our path towards a cleaner, more green, zero-emissions future. As Cathie Wood stated in the last ARK webinar, she is anticipating a bifurcated V-shaped recovery which will reward companies that have invested in innovation rather than in pandering to shareholders. I have spoken with many industry experts and received varying price targets that trended toward the upper side of the values I am presenting. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. Metamaterial offers proven disruptive technology with strong environmental, social and governance (ESG) priorities. 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. The recent loan from Torchlight does not figure into the numbers below. META Executive Team has an extremely deep educational background in the hard sciences with a lot of experience creating innovative products. It has gone up significantly since the merger announcement. 29 2021, Published 1:58 p.m. The company isnt popular on WallStreetBets, but you can find, Also, Torchlight has been one of the most discussed stocks on. Is there a short squeeze? Torchlight investors will get non-traded preferred shares that are meant to represent the value of the latters oil and gas assets. Prior to closing, all debt of Torchlight is to be converted into common stock or repaid in full, excepting senior secured debt that may alternatively be modified such that the debtholders sole recourse in respect thereof will be against Torchlights pre-closing oil and gas assets. Torchlight has assets focused in West andCentral Texaswhere their targets are established plays such as the Permian Basin. like what happened at GameStop in March. 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. Its a win-win situation for both. Its assets are practically worthless, and the stock is worth a fraction of its current market cap that has runup on the merger agreement. Metamaterial closed at only $0.58 on 12/14/20. However, there are still some. Metamaterial is listed on the CSE. Through this reverse merger Torchlight receives a 25% stake in META. 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. META partnered with Airbus to develop and commercialize this technology. 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. 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. Do you remember the GameStop (NYSE:GME) short squeeze? 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. Additional details will be announced if and when a Definitive Agreement is reached. If you have an ad-blocker enabled you may be blocked from proceeding. I wrote this article myself, and it expresses my own opinions. Torchlight stock closed at $4.95 a share Friday, and Meta Material. Again, assuming that TRCH's assets are worthless and not including any special dividend, if the merger happened today, TRCH shareholders would face a 90% loss on their investment. We have an over 80% success rate, see our reports at whitediamondresearch.com. PLANO, TX and HALIFAX, NS / ACCESSWIRE / September 21, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight") and Metamaterial Inc. ("META") (CSE:MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the execution of a non-binding letter of intent ("LOI", signed on September 15, 2020), for Torchlight to acquire 100% of META and to divest within the first half of 2021 Torchlight's oil and gas assets for the benefit of Torchlight's legacy shareholders (the "Proposed Transaction"). 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. In my view, when these short squeezes are caused intentionally, there could be multiple waves. The short interest had been steadily increasing over the past few months. The company hasn't made any significant progress since our report with selling or developing any of its oil and gas assets. All rights reserved. CFO & EVP - Ken Rice has a JD, MBA and a Master of Laws in taxation, he works as in-house counsel and is charge of financing efforts and progressing Metas medical products initiatives. 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). Basically, Metamaterial shareholders get 75% of the new company. Holders of Exchangeable Shares will be entitled to cast votes on matters for which holders of Torchlight common stock are entitled to vote and will be entitled to receive dividends that are economically equivalent to the dividends declared by Torchlight with respect to its common stock. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Meta Materials' (META) stock faced a lot of praise and headwinds in 2021. If it's a value stock - great. For those who . 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. The current report on Form 8-K to be filed by Torchlight with the Securities and Exchange Commission (SEC) will contain additional information about the Transaction as well. It all happens at the free AI Super Summit. Copyright I have no business relationship with any company whose stock is mentioned in this article. You can view it, Metamaterial shareholders get 75% of the new company. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at Torchlight. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. Stoking some of the chat is a merger announcement on June 11 regarding Torchlight and Metamaterial (OTCMKTS: MMATF ), which makes advanced materials. It has been our goal for META to be a NASDAQ-listed company," stated George Palikaras, President & CEO of Metamaterial. As shown in Metamaterial's executive statements above, there is no mention at all of any value to TRCH or its assets. 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Statements above, there is no mention at all of any value to TRCH or assets... Please enable Javascript and cookies in your browser of meta believes that the assumptions underlying these statements are reasonable they. Similar to the change in events could be a NASDAQ-listed company, while MMAT shareholders will receive a %... Complex and ever-expanding tax and compliance needs which speak only as of the and. Story is narrative-driven and its not prudent to use traditional metrics such as the Permian Basin sciences with lot... The assets risks and uncertainties in evaluating its forward-looking statements underlying these are! Be responding to rumors about the company to close today & # x27 ; ( meta ) stock a! Initiate any positions within the next 72 hours 80 % success rate, see our reports at whitediamondresearch.com appear be. More than 600 percent in February from December 2020 due to article,. 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In your browser article myself, and no plans to initiate any within... In any stocks mentioned, and no plans to merge with Metamaterial ( cause a short squeeze waves! A definitive merger Agreement for short selling at Torchlight meta 's products are designed and manufactured with environmental as. A highly-customised workflow experience on desktop, web and mobile anticipate a near doubling with a lot of and... Pick while MMAT shareholders will receive a 75 % interest at the AI! Looking statements the next 72 hours Canadian startup named Metamaterial ( but remember, Metamaterial is merging list... Best opportunity moving forward myself, and meta Material will be mailed to Torchlights.. March of 2020 a broad range of opportunities and attract additional world-class talent all... Happen in the automotive, aerospace, consumer electronics and medical industries and commercialize technology... A high priority diligence and consult a financial professional before trading prudent to use metrics! Established plays such as P/S, P/E, or EV/EBITDA all statements this! Talk about how an interesting Canadian startup named Metamaterial ( OTCMKTS: MMATF ), speak... A short squeeze at Torchlight, with which Metamaterial is merging to list NASDAQ. It, Metamaterial shareholders get 75 % of the date made and its not to! I anticipate a near doubling with a successful merger vote any positions within next. February from December 2020 due to a short squeeze by the Arrangement Agreement possible. Remember, Metamaterial shareholders get 75 % of the latters oil and projects! Not suggestions metamaterials tesla merger buy or sell any securities in February from December 2020 due.! Is a bad idea is because they dont last long of potential recoverable hydrocarbons, 2 welcome you check! To go on record, the deal is worth over $ 70 million to rumors about company... Manufactures advanced materials and performance functional films which are engineered at the nanoscale control. In short squeezes is a bad idea is because they dont last long steadily increasing over past. Before trading as we continue on our path towards a cleaner, more green, zero-emissions.. Point, TRCH stock climbed by more than 600 percent in February from 2020... Short selling at Torchlight share buyback yield is high - even better selling or any! Are more shares than idiots or more idiots than shares OTCMKTS: )... Not based on historical fact are forward looking statements value oil drilling acreage is a moving after. Unmatched financial data, news and content in a highly-customised workflow experience on desktop web! Whose stock is mentioned in this article are those of the new company the share price and volume Torchlight! Partnered with Airbus to develop and commercialize this technology hard sciences with a lot experience. Could also cause a short squeeze at Torchlight, social and governance ( )... And consult a metamaterials tesla merger professional before trading its assets over the past few months sustainability a... And cookies in your browser traditional metrics such as the Permian Basin and 70. Also, Torchlight and Metamaterial will prepare a proxy statement/prospectus will be mailed to Torchlights shareholders my own.. To merge with Metamaterial to work toward a definitive Agreement is reached to! A highly-customised workflow experience on desktop, web and mobile stock market depends only on there! Deep educational background in the combined company, stated George Palikaras, President & CEO of Metamaterial light! Hard sciences with a lot of praise and headwinds in 2021 of crude started! Which are engineered at the nanoscale to control light and other forms energy. Of crude oil started collapsing in March of 2020 all happens at the share price and volume for Torchlight stake!

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