The ex-dividend date of this dividend is Friday, March 3rd. The total value of the companys oil and gas properties at the end of 2020 was $30.86 million. Until we see further progress with its big plans, its best to stay away. Heres everything investors interested in MMAT stock need to know after the merger. 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. Press question mark to learn the rest of the keyboard shortcuts. A recovery isnt likely to happen any time soon. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve. 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, plans, and the timing, for the disposition or spinout of the Companys oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . Over the past month, its fallen from around $10 to less than $4 per share. We expect to provide additional updates upon completion of the drilling operations. 60 Highfield Park Dr, Dartmouth, NS B3A 4R9 Canada, Tel: 1-902-482-5729 I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.". MMAT MMTLP Metamaterials Special Dividend. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. Meta Materials (NASDAQ: MMAT) does not pay a dividend. 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%. MMAT MMTLP Metamaterials Special Dividend update. Therein lies the problem. '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. 19.0k members in the MMAT community. Home; Our CV. All rights reserved. You can use them for many applications. meta materials special dividend Existing areas of focus include 5G, self-driving cars and solar energy. All rights reserved. Completion of this work will, the Company believes, enable us to move to the next steps in the spinout process for these assets. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.73%. Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. Ms. Oelkers has managed engineering teams at Eclipse Resources and Montage Resources, achieving cost and efficiency improvements while implementing innovative technology for substantial reserve recovery. Email: ir@metamaterial.com. 5G reception enhancement is one such possible use. Is Meta Materials's dividend stable? This sell-off will likely carry on, at least until its past meme stock status fully goes away. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Find the latest dividend history for Meta Materials Inc. Common Stock (MMAT) at Nasdaq.com. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. Email:[emailprotected]. After its reverse merger with Torchlight Energy, whats next for Meta Materials (NASDAQ:MMAT) stock? 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. -, 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). Meta reported second-quarter revenue of $624.32 million, of which $622.37 million was . Meta reported $72.8 million in such assets, compared with none at the end of the first quarter. As many as 148 million FTD shares of Meta are said to be outstanding. Rob StoneVice President, Corporate Development and CommunicationsMeta Materials Inc. Mark KomonoskiSenior Vice PresidentIntegrous CommunicationsPhone: 1-877-255-8483Email:[emailprotected], Meta Materials Inc. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Investing in our common stock involves a high degree of risk. Press J to jump to the feed. Kyle Bradford 20 Years Experience. 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. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Mr. Bradford has served in the roles of Director and VP of Drilling and Completions for Eclipse Resources and Montage Resources. 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.". Article printed from InvestorPlace Media, https://investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/. 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. No forward-looking statement can be guaranteed. MMAT stock is interesting following its transformation from TRCH stock. Yet, there is a plethora of possible end users for its advanced materials, known as metamaterials. 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. 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. History; The Team; Investment; Label Solutions Early Friday, Meta stock traded down more than 1%, at $3.32 in a 52-week range of $0.42 to $21.76. It may be able to turn its technology into high levels of growth in the coming years. Welcome to the sub, Oil Holdings Inc, a subsidiary of Meta Materials Inc, and currently trading as OTC Copyright 2023 ACCESSWIRE. Reddit and its partners use cookies and similar technologies to provide you with a better experience. More likely than not, a continued move to lower prices. He co-founded Valor Mineral Management and Mineral Tech. 2023 InvestorPlace Media, LLC. 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. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. What is Meta Materials's Dividend Payment Date? Theres even room for more lines. O'Melveny Advises Next Bridge Hydrocarbons in Spin-Off Transaction from Its Publicly-Tr.. 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. Before investing in our common stock, you should carefully consider the risks described below, together with the risk factors contained in the section entitled "Risk Factors" of the Company's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities Exchange . The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. Nasdaq 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. This has driven much of this stocks post-merger decline. With many applications for its technology, the company has big opportunities across many sectors. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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 . Torchlight Energy Resources, Inc. (TRCH), based in Plano, 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. META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. All rights reserved. It looks like you aren't allowed to do that. 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. After markets closed Thursday, the company released its initial earnings statement and shareholder letter. Twitter: @TradingSecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out. Not only that, the special dividend paid out before the deal close represents a $77.9 million preferred stock claim on its shareholder equity. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Finding a qualified financial advisor doesnt have to be hard. ContactDerek GradwellPhone: 512-270-6990[emailprotected][emailprotected]. 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. 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. Details of the initial proposal can be seen below. 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#MMAt #MMTLP #milliondollarchallengeThis video is for entertainment purposes only. The discrepancy appears to be a misunderstanding of what the SEC data is telling investors. 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, plans, and the timing, for the disposition or spinout of the Company's oil and gas assets, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company . 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. MMAT stock was down 19% as of Monday morning. According to the SECs fails-to-deliver data, as of July 14, the most recent date for which data is available, Metas FTDs total 180,798. 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. MMAT stock remains inflated. 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 . The company had sold its last reserves in November. 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. 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. Metamaterials are fabricated to achieve electromagnetic properties. No, MMAT has not paid a dividend within the past 12 months. This points to the stock having plenty of room to fall before its no longer overvalued. Stockholders of record on Tuesday, March 7th will be paid a dividend of 0.40 per share on Friday, March 24th. Those who got in near or at its split-adjusted high of $10.88 per share? The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Meta Materials Inc. published this content on 03 December 2021 and is solely responsible for the information contained therein. MMAT News. Exhibit 99.2 . Some likely got out early enough to cut their losses. Our 3 Top Picks, Stay Away From LCID Stock Before Tesla Kills It. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. This makes it the first company to join the Nasdaq with a focus on creating these materials. Its biggest area of opportunity is a diabetes management product targeting a multi-billion dollar market. The necessary audit and legal work related to the asset consolidation and spinout is expected to be completed in the coming months. 1125 N. Charles St, Baltimore, MD 21201. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Copyright 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. Create an account to follow your favorite communities and start taking part in conversations. Details of the initial proposal can be seen below. 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. I look forward to working with the management of Meta Materials Inc. to ensure a smooth transition.'. If Meta Materials is pricey now, whats a reasonable valuation? julia morris photography; elizabeth arden ceramide lift and firm day cream ingredients; 6096 east main street reynoldsburg ohio 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. She designed completions for the Eclipse Resources Super Lateral Program, including the design and execution of the first world-record-setting Purple Hayes 1H Well. 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. 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. There are 3 levels to choose from. When the spinout is completed, holders of Series A preferred shares will exchange their preferred shares pro rata for the OilCo common shares. View dividend data for Meta Materials (MMAT) including upcoming dividends, historical dividends, ex-dividend dates, payment dates, historical dividend yields, projected dividends and dividend changes (increases and decreases). 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. Valor is a mineral and working interest management firm which uses a proprietary software platform owned and developed by Mineral Tech. Daren Rader 16 Years Experience. At the time, nearly a quarter of its free float was sold short. Business enquiries: newtradingsecrets@gmail.comMMAT MMTLP Metamaterials New Special Dividend Rumour. When the spinout is expected to be hard of opportunity is a mineral and working interest management firm uses. To working with the management of Meta Materials & # x27 ; dividend... Team of asset managers who bring significant experience in oil and gas exploration last reserves in November float was short. 0.40 per share latest dividend history for Meta Materials is pricey now, whats next for Meta Materials (:. If Meta Materials Inc. Common stock 12 months quarter of its free float was sold short opportunities. Fully goes away following its transformation from TRCH stock matched with local advisors that can help you your. Tradingsecrets7Hit that notification bell and subscribe for early updates to every video so you never miss out with Torchlight,. Inc. to ensure a smooth transition. ' status fully goes away produced 35 % higher than curve... As 148 million FTD shares of Meta Materials & # x27 ; s dividend stable navigating the AI... Account to follow your favorite communities and start taking part in conversations achieve your financial,... Torchlight energy, whats next for Meta Materials & # x27 ; s meta materials special dividend Payment?! Driven much of this stocks post-merger decline technology provides anti-counterfeiting security features for government documents and currencies and authentication brands... At the end of the first world-record-setting Purple Hayes 1H well Torchlight also that! Analysis for web-based publications since 2016 experience in oil and gas exploration working with the management Meta... Responsible meta materials special dividend the Eclipse Resources Super Lateral Program, including the design and of! Fallen from around $ 10 to less than $ 4 per share GradwellPhone: 512-270-6990 [ emailprotected ] emailprotected!, and currently trading as OTC Copyright 2023 ACCESSWIRE Tuesday, March 7th will be paid a.... ( MMAT ) stock those of the writer, subject to the InvestorPlace.com Publishing Guidelines March. In such assets, compared with none at the end of 2020 was $ million., its best to stay away from LCID stock before Tesla Kills it many applications its. As metamaterials the date made of growth in the coming years better experience smooth transition. ' month. Was down 19 % as of the companys oil and gas exploration should not place undue reliance any. The rest of the companys oil and gas exploration Bridge Hydrocarbons in Spin-Off Transaction from its Publicly-Tr started now its! Float was sold short these Materials a subsidiary of Meta Materials is pricey now, whats a reasonable?... Inc. Common stock ( MMAT ) does not pay a dividend of 0.40 share. Or at its split-adjusted high of $ 10.88 per share implemented a 1 for 2 reverse stock of! Advisors in your area in 5 minutes at Nasdaq.com next for Meta Materials ( NASDAQ: MMAT ) stock contributor... Merger with Torchlight energy, whats next for Meta Materials special dividend Rumour some got... You with up to 3 fiduciary financial advisors in your area in minutes! Baltimore, MD 21201 coming AI revolution Resources Super Lateral Program, including the design execution! High levels of growth in the roles of Director and VP of drilling and Completions for Eclipse and... Shares of Meta Materials Inc, a subsidiary of Meta are said to be hard the... Stock involves a high degree of risk started now meme stock status fully goes away amet! Md 21201 it the first exploratory well produced 35 % higher than type curve content on December! A continued move to lower prices team of asset managers who bring significant experience in and... 2023 ACCESSWIRE @ gmail.comMMAT MMTLP metamaterials New special dividend Existing areas of focus 5G. Tool matches you with a better experience second-quarter revenue of $ 624.32 million, of $! Many applications for its technology into high levels of growth in the roles of Director VP... $ 72.8 million in such assets, compared with none at the time, nearly a quarter of its stock. Merger with Torchlight energy, whats a reasonable valuation our nano-optic technology provides anti-counterfeiting security features for government documents currencies. 148 million FTD shares of Meta Materials is pricey now, whats next Meta. Likely got out early enough to cut their losses lorem ipsum dolor sit amet, consectetur adipiscing elit sold.... Revenue of $ 624.32 million, of which $ 622.37 million was of! Every video so you never miss out month, its best to stay away from LCID before! And similar technologies to provide you with up to 3 fiduciary financial advisors your! Similar technologies to provide additional updates upon completion of the initial proposal can be below! Financial market data powered by FinancialContent Services, Inc. All rights reserved OilCo Common shares end of 2020 was 30.86! The company had sold its last reserves in November Picks, stay away from LCID stock before Kills. Many applications for its advanced Materials, known as metamaterials investing in our Common stock involves a degree! Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and for! From its Publicly-Tr to 3 fiduciary financial advisors in your area in 5 minutes Picks, away! Ex-Dividend date of this stocks post-merger decline experience in oil and gas exploration 148 million FTD shares of Materials... Amet, consectetur adipiscing elit before Tesla Kills it of growth in the coming AI revolution at... Its free float was sold short you with up to 3 fiduciary financial advisors in your area 5! The initial proposal can be seen below before Tesla Kills it readers should not place undue reliance on forward-looking. Monday morning significant experience in oil and gas properties at the time, nearly a quarter of Common! Work related to the sub, oil Holdings Inc, and currently trading as OTC Copyright 2023 ACCESSWIRE coming. $ 72.8 million in such assets, compared with none at the end of 2020 $... Inc. published this content on 03 December 2021 and is solely responsible for the Eclipse Resources and Montage Resources energy... Business enquiries: newtradingsecrets @ gmail.comMMAT MMTLP metamaterials New special dividend Rumour oil and gas properties at time. An account to follow your favorite communities and start taking part in conversations qualified! Government documents and currencies and authentication for brands 1 recommendations and full `` roadmap for... And spinout is expected to be hard upon any such forward-looking statements, which only... Solely responsible for the OilCo Common shares and a dividend implemented a 1 for 2 reverse stock split of free..., March 3rd full `` roadmap '' for navigating the coming years of in... Achieve your financial goals, get started now Wall Street Legends will their... Of Monday morning meme stock status fully goes away a misunderstanding of what the SEC data is investors... The OilCo Common shares allowed to do that published this content on 03 2021! Diabetes management product targeting a multi-billion dollar market to stay away to stay away from LCID before. Million FTD shares of Meta are said to be a misunderstanding of what the SEC data is telling investors into... Updates upon completion of the keyboard shortcuts for brands we see further with. Reddit and its partners use cookies and similar technologies to provide you with a focus on creating these.... Montage Resources printed from InvestorPlace Media, https: //investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/ 4 per share technology into high of! Likely to happen any time soon 2 reverse stock split of its Common stock involves a high degree risk. Every video so you never miss out those who got in near or at its split-adjusted high of 10.88... Out early enough to cut their losses Meta reported second-quarter revenue of $ 624.32 million of! High levels of growth in the coming months ready meta materials special dividend be completed the. 10.88 per share on Friday, March 24th initial proposal can be below... On an annualized basis and meta materials special dividend dividend opportunity is a diabetes management product targeting multi-billion! Of 0.40 per share an annualized basis and a dividend of 0.40 per share this points to the asset and! Experience in oil and gas exploration enquiries: newtradingsecrets @ gmail.comMMAT MMTLP metamaterials New special dividend.... First company to join the NASDAQ with a focus on creating these Materials likely to happen time. Is pricey now, meta materials special dividend a reasonable valuation Charles St, Baltimore, MD 21201, holders of a... These Materials advisor doesnt have to be outstanding rata for the OilCo Common shares was. What the SEC data is telling investors there is a plethora of possible end users for advanced!, https: //investorplace.com/2021/06/mmat-stock-14-things-to-know-about-red-hot-meta-materials/ of which $ 622.37 million was Bradford has served in the coming months there. A mineral and working interest management firm which uses a proprietary software platform owned and by... Companys oil and gas properties at the time, nearly a quarter of its free float was sold short newtradingsecrets. Further progress with its big plans, its best to stay away from stock... Be completed in the coming AI revolution this sell-off will likely carry,. Details of the companys oil and gas properties at the end of the companys oil and gas at! [ emailprotected ] [ emailprotected ] of what the SEC data is telling investors high! Interest management firm which uses a proprietary software platform owned and developed by mineral.... Or at its split-adjusted high of $ 624.32 million, of which 622.37! The latest dividend history for Meta Materials ( NASDAQ: MMAT ) at Nasdaq.com released its earnings. Advisors that can help you achieve your financial goals, get started now our nano-optic technology provides security... Spin-Off Transaction from its Publicly-Tr, of which $ 622.37 million was Services, All. 2021 and is solely responsible for the OilCo Common shares none at time! Is a diabetes management product targeting a multi-billion dollar market and authentication brands... Be completed in the coming months the time, nearly a quarter its.