Torchlight merger date series#

For additional information on Torchlight, please visit Story continues 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.

Torchlight merger date series#

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 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 and Metamaterial have extended the date by which Torchlight must give notice of and call its special meeting of stockholders to April 30 th, which Torchlight believes will provide enough time to clear the definitive proxy statement with the SEC, set a record date for the special meeting of stockholders, and mail the definitive proxy statement to Torchlight stockholders of record as of the record date. Torchlight expects to file a revised preliminary proxy statement with the SEC shortly. Torchlight has filed its 2020 Annual Report on Form 10-K, parts of which are required to be incorporated by reference into 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 / Ap/ 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