Torchlight energy dividend series#

“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. The higher 81.3 million value involved investors who owned notes payable in Torchlight and I believe this would be less reflective of what a third party would pay.

What happened Shares of Torchlight Energy Resources ( TRCH) soared 58 on Monday. MMAT Stock Is First of Its Type on Nasdaq The exploration and production company will pay a special dividend to its investors ahead of its upcoming merger. Torchlight was also the second top-traded stock on Tuesday, with shares changing hands more than 213 million times. Any less than that, and it would make more sense to own. 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. With Torchlight trading at 5.07 recently, that means that around 3.47 in value would need to come from Torchlight's oil and gas dividend. The Company expects to close the Arrangement no later than June 30 th, 2021.

Torchlight energy dividend series#

“As a result of the transaction and our recent ATM offerings, META now has over $160 million in cash and a virtually debt free balance sheet with approximately 285 million shares issued and outstanding after the 2 to 1 reverse split. The payment date for the Series A Preferred Stock dividend will be June 25 th.

MMAT Stock: Meta Materials Hits Nasdaq as TRCH Stock Merger Closes. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A. (nasdaq:trch), an oil and gas exploration company ('torchlight'), today announced that it has declared a special dividend. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to Common Stockholders of Record as of the close of market trading on J(subject to. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. plano, tx / accesswire / j/ torchlight energy resources, inc. Now, we have got the complete detailed explanation and answer for everyone, who is interested! PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. This is a question our experts keep getting from time to time.