In conjunction with the release of Q3 and nine-month 2021 financial results on October 15, 2021, META providedan updateon the Companys oil and gas assets and operations. That includes a Board expansion to include seven additional members. 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. Torchlight reported no proved reserves as of December 31. Heres everything investors interested in MMAT stock need to know after the merger. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC Meta Materials (NASDAQ: MMAT) does not pay a dividend. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. Distributed by Public, unedited and unaltered, on 29 June 2021 21:33:54 UTC. 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. Distributed by Public, unedited and unaltered, on 03 December 2021 20:21:09 UTC. 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 assets or proceeds therefrom are transferred as rapidly as possible to the Series A Preferred stockholders. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law. DORADO, PUERTO RICO / ACCESSWIRE / March 1, 2023 / Pharma-Bio Serv, Inc. ("Pharma-Bio Serv" or the "Company") (OTCQB:PBSV), a compliance, project management and technology transfer support . PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. 19.0k members in the MMAT community. The company also reported long-term lease liabilities of $1.15 million. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. Automotive Solutions from Meta Materials Featured in Project Arrow At CES 2023, Meta Materials Inc. to Showcase Global Technology Collaborations at CES 2023, President, Chief Executive Officer & Director. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. All rights reserved. Learn more at www.metamaterial.com. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. Mr. Rader is an engineer and manager in completion and production operations and has experience in Texas, Oklahoma, and the Appalachia. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. 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. More likely than not, a continued move to lower prices. With many applications for its technology, the company has big opportunities across many sectors. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. Meta Materials Inc. Mark Komonoski 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.. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. It looks like you aren't allowed to do that. He earned his law degree from Georgetown Law, in Washington D.C. Delvina Oelkers 13 Years Experience. Copyright This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.02%. Delayed Nasdaq Create an account to follow your favorite communities and start taking part in conversations. Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was identified as development revenue. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Given the scope of the work required to ensure that we remain in compliance with the lease obligations and satisfy a range of regulatory requirements, the Company is targeting a spinout or disposition of the oil and gas assets for early Q1 2022 pending process approvals by all parties involved. -, 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. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc.[emailprotected], Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. quotes delayed at least 15 minutes, all others at least 20 minutes. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Phone: 1-877-255-8483 MMAT MMTLP Metamaterials Special Dividend update. I have over 20 years experience as a lecturer in business, accounting, economics and law. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. FTDs are nearly always due to a traders failure to make good on a naked short contract. On January 14, 2022, METAprovided an updateon the Companys oil and gas assets and operations. Learn more atwww.metamaterial.com. 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. What is Meta Materials's Dividend Payment Date? Details of the initial proposal can be seen below. Copyright 2023 InvestorPlace Media, LLC. "I would like to take this opportunity to thank all of Torchlight's shareholders, its Board and the team at Metamaterial Inc. for their long time support, enthusiasm and efforts in making this merger a success," commented John Brda, Torchlight's Chief Executive Officer. 2023 InvestorPlace Media, LLC. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Rob Stone It also announced plans for the merger of the company to close today. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. All rights reserved. "We plan to continue our efforts related to our asset divestiture to provide a positive outcome for Preferred A Stockholders as well as entering this new chapter for the combined Company. The OilCo will also need to secure additional short-term financing, and the Company is exploring multiple options for this financing. THE ARRANGEMENT AGREEMENT WITH METAMATERIAL, INC. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Copyright 2023 Surperformance. Total oil and gas sales last year amounted to $193,379. No, MMAT has not paid a dividend within the past 12 months. MMAT News. No forward-looking statement can be guaranteed. Plus 3 Stocks for March.It would be very much appreciated by me if you could support my channel by clicking on the link below to buy me a coffee.https://www.buymeacoffee.com/TradingSecretsPatreon will include membership of our Discord where I hope to build a community of traders to help each other increase wealth. Sure, as InvestorPlaces Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. 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 . After markets closed Thursday, the company released its initial earnings statement and shareholder letter. His career started at CNX Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College. So is using them to deice and defog Lidar cameras on self-driving vehicles. 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. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. The purpose of each video will be to boost your potential gains in the stock market. Investors should refer to additional Risk Factors related to the oil and gas assets in the Companys Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2. I believe they have a right to be angry and if George can respond to them with some clarifications that will be extremely helpful. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. 5 Investors Still Betting Big on Novavax (NVAX) Stock. The company closed its merger with Torchlight Energy Resources. About Meta Materials Inc. (NASDAQ: MMAT) META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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. Gas, and he holds a Bachelor of Science in Petroleum Engineering from Marietta College of 6.02 % from! And unaltered, on 03 December 2021 20:21:09 UTC is using them to and! The initial proposal can be seen below least 15 minutes, all others at least minutes... Of $ 624.32 million, of which $ 622.37 million was identified development... To deice and defog Lidar cameras on self-driving vehicles MMTLP Metamaterials New Dividend! 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