Torchlight’s name will be changed to “Meta Materials Inc.” and its common stock will begin trading on NASDAQ under the ticker symbol MMAT, from June 28, 2021. On June 25, 2021, Torchlight also announced the completion of necessary steps to close the business combination with Metamaterial Inc., and therefore Torchlight expects that the business combination will be effective on June 28, 2021, as of 12:01 AM EDT. Completion of the business combination with Metamaterial Inc
The reverse split was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021, and will become effective aftermarket closing on June 25, 2021. Torchlight also implemented a 1 for 2 reverse stock split of its Common Stock.
TORCHLIGHT ENERGY STOCK DIVIDEND SERIES
On J, Torchlight Energy Resources, Inc announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. Special Series A Preferred Stock dividend and 1:2 stock split Completion of the business combination with Metamaterial Inc.Special Series A Preferred Stock dividend and 1:2 stock split.If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ’s writers disclose this fact and warn readers of the risks. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. WISH Stock: What Investors Are Saying About ContextLogic as It Becomes a Meme Stock Favorite.Blockchain Stocks: Why MARA, SOS, RIOT, HVBTF Stocks Are Down Today.5 Penny Stocks Making the Biggest Moves Today.Take a look at all of that information by following the links below! More Monday Stock Market News We’ve got stories covering the top five penny stocks on the move today, why blockchain stocks are taking a beating, and plenty of other news worth looking into. offers incredibly in-depth daily coverage of the stock market and today is no different. Of course, there’s plenty more stock market news worth looking into today besides just this. TRCH stock was up 42.3% as of noon Monday and is up 1,152.1% since the start of the year. That’s a massive surge in activity compared to its daily average trading volume of about 16 million shares.As of this writing, more than 225 million shares of TRCH stock have changed hands.Those predictions are coming true as the company is seeing incredibly heavy trading of its shares today.It’s also worth pointing out that TRCH stock was talked about as a potential short squeeze target over the weekend.It’s set to be paid out to investors in TRCH stock on June 25.Luckily, they won’t have to wait long for the merger dividend.That’s a massive range for the special merger dividend that investors will have to hold out for.However, analysts are expecting to range from anywhere between $1 per share and $20 per share.Investors that are wondering how much the dividend will payout still don’t have any concrete details.They will also have to continue to hold those shares through June 24 to be eligible for the dividend.Starting off, it’s worth noting that investors will have to be on record as holding TRCH stock starting on June 22.Here’s everything investors need to know about the merger and what kind of dividend holders of TRCH stock can expect.
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