On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. The company’s main focus has historically been on the acquisition and development of highly profitable domestic oil fields, with interests in Texas, including the Permian Basin and the Eagle Ford Shale. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties.įor TRCH stock investors, the new focus adds an unfamiliar dimension to what had been an oil and gas exploration and production company based out of Plano, Texas, with a total of four full-time employees. the Company has materially overstated its business connections and dealings the Company has materially. Metamaterials are a subset of functional materials, according to the company. Meta News on Twitter: 'TRCH ITS OFFICIAL Torchlight Energy Approved the Vote to Merge with Metamaterials The two company’s will merge before the 18th. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: the Business Combination would result in an SEC investigation and subpoena in the matter captioned In the Matter of Torchlight Energy Resources, Inc. “We are very excited to showcase how metamaterials ‘go beyond’ conventional materials and chemistry, to offer new and highly sustainable solutions with semiconductor precision, at kilometer scale.” (NASDAQ: TRCH), an oil and gas exploration company ('Torchlight') and Metamaterial Inc.
“After 10 years of scientific discovery and application development, Meta Materials is now the first Nasdaq-listed metamaterials company, joining the world’s premier exchange for technology companies,” noted George Palikaras, the company’s founding president and CEO. 2, 2020 /CNW/ - Torchlight Energy Resources, Inc. Torchlight will loan to Metamaterial an additional US500,000, in exchange for an unsecured promissory note in substantially the same form as the 8 unsecured convertible promissory note that. MMAT Stock Is First of Its Type on Nasdaq Now that Torchlight has effectively merged with Metamaterial, investors can buy shares of the combined company under the symbol 'MMAT' on the Nasdaq. June 28 (Reuters) - Shares of Meta Material Inc (MMAT.
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