His Substack newsletter, TLV Strategist, covers the Israel business scene. 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. It is engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. (NasdaqCM:TRCH) from Tom Welch and others for approximately 140 million in a reverse merger transaction on September 15, 2020. 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. (CNSX:MMAT) signed a non-binding letter of intent to acquire Torchlight Energy Resources, Inc. 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. In mid-December 2020 Torchlight Energy and Metamaterial announced plans to merge. were completed on Jand therefore Torchlight expects that the business combination will be effective on Jas of 12:01 AM EDT. This Special Dividend is to be issued in connection with the previously announced. Torchlight also announced that the steps necessary to close the business combination with Metamaterial 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.” PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. have agreed to extend the outside date by which Torchlight an. (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. “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. Shares of Torchlight Energy Resources soared 58 on Monday after the oil and gas driller extended the closing date of its merger with advanced materials manufacturer Metamaterial. , SC 13G, Torchlight Energy Resources Form SC 13G (Acquisition of More Than 5. MMAT Stock Is First of Its Type on Nasdaq
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