June 28 was a significant day for anyone invested in Torchlight Energy Resources (NASDAQ:TRCH). That’s the day the company merged with Metamaterials to form Meta Materials (NASDAQ:MMAT). And as a result, TRCH stock was replaced by MMAT stock.
Similarly Who is the CEO of Torchlight? TecHRseries Interview with Adam Goldberg, CEO and Founder at Torchlight.
What will TRCH dividend be? Investors that are wondering how much the dividend will payout still don’t have any concrete details. However, analysts are expecting to range from anywhere between $1 per share and $20 per share. That’s a massive range for the special merger dividend that investors will have to hold out for.
Additionally, What is TRCH dividend?
(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. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock.
Who is TRCH merging with?
(NASDAQ: TRCH) Closes $1.9 Billion Merger with Meta Materials Inc. (NASDAQ: MMAT)
Who is John Brda? John Brda is 55, he’s been the President, Chief Executive Officer, Secretary, and Director of Torchlight Resources Inc since 2014.
What happens to Torchlight stock after merger? Meta Materials shareholders are expected to own 75% of the combined company, while Torchlight shareholders get 25%. Torchlight CEO John Brda will remain with the new business combination while its oil & gas assets are disposed of.
How much was torch special dividend? The value of the special dividend is estimated at $0.45 million for the Winkler Project sale plus $12.4 million for the Hazel Project sale if that goes through.
Is TRCH a meme stock?
(NASDAQ:TRCH) is a “meme stock” that is better because it has raised money.
What is TRCH new symbol? Commencing on June 28, 2021 Torchlight’s name will be changed to « Meta Materials Inc. » and its common stock will begin trading on NASDAQ under the ticker symbol « MMAT. »
Is TRCH a short squeeze?
TRCH – Short Squeeze Stock Short Interest for Torchlight Energy Resources Incorporated.
Is Meta materials a good stock to buy? Meta Materials Inc (MMAT) is near the top in its industry group according to InvestorsObserver. MMAT gets an overall rating of 56. That means it scores higher than 56 percent of stocks. Meta Materials Inc gets a 73 rank in the Electronic Components industry.
Who is buying Torchlight?
The company is being acquired by industrial materials maker Metamaterial Inc (MMAT.CD) in a deal that analysts said will likely see its main business being sold or hived off. Torchlight was also the second top-traded stock on Tuesday, with shares changing hands more than 213 million times.
How much was the special dividend from Torchlight?
The value of the special dividend is estimated at $0.45 million for the Winkler Project sale plus $12.4 million for the Hazel Project sale if that goes through.
What’s going on with Meta materials? Meta Materials ended up with $155 million in cash at the end of Q2 2021, after its reverse takeover of Torchlight Energy. Its cash position in early October may be around $69 million after $14 million in cash burn during Q3 2021 and its $72 million acquisition of Nanotech Security.
Is TRCH a pump and dump? Introduction. We are short Torchlight Energy Resources, Inc. (TRCH) because we believe it is a classic pump-and-dump run by a questionable management team in our opinion, with some of the leadership having previous run-ins with securities regulators.
How many acres does torchlight own?
Torchlight has around 97,150 net acres in this area, but as mentioned before, the Orogrande Project is largely unproven, with horizontal drilling limited to a couple very short laterals so far.
How much land does torchlight own? Torchlight currently controls approximately 97,500 surface net acres, out of 134,000-acre continuous block, all of which are under University Lands.
How much did GME short sellers lose?
GameStop, AMC Short Sellers Lose More Than $10 Billion As Year Ends.
Why is torchlight stock going up? Shares of Torchlight Energy Resources ( TRCH ) soared 58% on Monday after the oil and gas driller extended the closing date of its merger with advanced materials manufacturer Metamaterial.
What happened with Torchlight Energy?
Torchlight Energy Resources effectively no longer exists following its June 28 merger with Meta Materials (NASDAQ:MMAT) stock. The news of a dividend payment, a reverse stock split of TRCH stock, and the business combination were enough to spike interest throughout June.
