![]() 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. Per the deal, Metamaterial shareholders are. 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. Torchlight is a VS Code-compatible syntax highlighter that requires no JavaScript, supports every language, every VS Code theme, line highlighting, git diffing. Torchlight Energy Resources effectively no longer exists following its June 28 merger with Meta Materials (NASDAQ: MMAT) stock. On June 11, Torchlight announced that the merger with the maker of advanced materials, Metamaterial, has been approved by Torchlight shareholders. Additionally, the company confirmed that its. Metamaterials are a subset of functional materials, according to the company. New Merger Date Announced for TRCH Stock Torchlight announced earlier this week the company is extending its merger combination date to June 30. “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.” Part of Torchlight’s goal in the merger was stated as targeting proven disruptive technology. In a 10-Q filing, the company said it received a subpoena from the SEC in September requesting 'certain documents and information related to, among other things, the merger involving Torchlight. The company announced a special dividend for its existing shareholders following the merger. Initially, Torchlight’s planned merger with Metamaterial was announced in September 2020. “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. Recently, Torchlight Energy announced the approval of its merger with Canada-based Metamaterial. ![]() MMAT Stock Is First of Its Type on Nasdaq
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