![]() In November 2010, Pole Perfect bought Torchlight Energy and abandoned all of its previous business plans within the health and fitness industries before formally changing its name to Torchlight in 2011. The Plano, Texas-based company traces its roots back to Pole Perfect, incorporated in 2007 in Nevada to market feminine fitness dance studios utilizing the advantages of pole dancing. Torchlight also said on Friday it paid a special dividend to its stockholders of record on June 24 and that it implemented a previously approved 1 for 2 reverse stock split. 21 2019 said it has signed a nonbinding letter of intent to offload its oil and gas assets within the first half of 2021 and to acquire 100 of materials and systems engineering company Metamaterial Inc. The company, which pushed back the closing of the deal to June 30, upsized its stock offering to $250 million last week from $100 million to take advantage of the share price rally. Torchlight Energy inks intent to sell oil and gas assets, acquire Metamaterial. and its common stock will begin trading on NASDAQ under the ticker symbol. Torchlight said on Friday that it closed the deal and the new company, Meta Materials Inc, would begin trading under the ticker symbol "MMAT" on Monday. Commencing on JTorchlights name will be changed to Meta Materials Inc. The SEC has filed a 100 million lawsuit against MrZackMorris, PJMatlock and six. The deal includes plans to divest the legacy energy assets. Meta Materials’ predecessor Torchlight is one of the companies that experienced alleged market manipulation. capital markets, Metamaterial Inc, a smart materials and photonics company, last year agreed to merge with Torchlight, an oil and gas producer. In a reverse takeover to list on the Nasdaq and access the U.S. Torchlight Energy (TRCH) -5 post-market after announcing a one-for-two reverse stock split and confirming that its merger with Metamaterial will take effect on June 28. Its products include metaAIR, a laser glare protection eyewear NANOWEB, a transparent conductive film holoOPTIX, a holographic optical element glucoWISE, a non-invasive glucose measurement device and metaSURFACE, which allows an enhancement in signal to noise ratio. The shares, however, gave up some of the gains after the company upsized its stock offering. invents, designs, develops, and manufactures various functional materials and nanocomposites. ![]() As Torchlight Energy and Metamaterial get close to completing their merger. ![]() ![]() Torchlight's stock rose as high as 74% last Monday as retail investors piled into the stock with record volumes. MetaMaterials MMAT mmatstock mmatstockprediction nyse nasdaq dowjones. June 28 (Reuters) - Shares of Meta Material Inc (MMAT.O) gave up premarket gains to fall 20% on Monday, the first day of trading after a merger that saw the niche hi-tech materials maker swallow Torchlight Energy Resources, which was at the center of huge speculative bets by small individual traders. ![]()
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