![]() 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. ![]() 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. For additional information on Torchlight, please visit Forward-Looking Statement Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. (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. Metamaterial recently announced that its security holders have approved the special resolution relating to the Arrangement at Metamaterial's annual general and special meeting. The record date to determine the Torchlight stockholders that will receive a dividend of the previously announced Series A Preferred Stock, which will entitle its holders to, among other things, receive cash dividends in connection with the sale of Torchlight's oil and gas assets, will be determined after the special meeting is held. Torchlight's definitive proxy statement will announce the meeting date and record date for the special meeting. Torchlight expects to hold the special meeting within the next 30 to 60 days, and expects the closing of the Arrangement to occur in the second quarter of 2021. Torchlight will file its 2020 annual report on Form 10-K prior to filing the definitive proxy statement for the special meeting of Torchlight's stockholders in connection with the Arrangement. ![]() (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight"), announced today that it is continuing to work towards the completion of the regulatory requirements necessary to consummate the previously announced business combination (the "Arrangement") with Metamaterial Inc. His Substack newsletter, TLV Strategist, covers the Israel business scene.PLANO, TX / ACCESSWIRE / Ma/ Torchlight Energy Resources, Inc. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. 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. Metamaterials are a subset of functional materials, according to the company. “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.” “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. MMAT Stock Is First of Its Type on Nasdaq ![]()
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