Welcome to our dedicated page for TRCH news (Ticker: TRCH), a resource for investors and traders seeking the latest updates and insights on TRCH stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TRCH's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TRCH's position in the market.
Torchlight Energy Resources, Inc. (NASDAQ:TRCH) has paid a special Series A Preferred Stock dividend on a 1 for 1 basis to shareholders of record on June 24, 2021. Additionally, a 1 for 2 reverse stock split will take effect post-market on June 25, 2021, as approved by shareholders. The company also completed steps necessary for a business combination with Metamaterial Inc., effective June 28, 2021, and will change its name to Meta Materials Inc.
Torchlight Energy Resources (NASDAQ:TRCH) announced an extension for closing its business combination with Metamaterial Inc. to June 30, 2021. This extension allows for the June 25 payment date for the special Series A Preferred Stock dividend, declared on June 14, 2021. The payment is linked to a record date of June 24. The company aims to finalize the Arrangement by the new deadline. Torchlight continues to focus on growth through the acquisition and development of domestic oil fields, primarily in the Permian Basin.
Torchlight Energy Resources (TRCH) 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 June 24, 2021. This dividend follows the announcement of a business combination with Metamaterial, Inc., expected to close by the end of June. Holders of the Preferred Stock will benefit from future net proceeds from Torchlight's oil and gas assets. This move underscores the company's strategy to enhance shareholder value amidst ongoing developments in its operations.
Torchlight Energy Resources, Inc. (NASDAQ:TRCH) announced that its stockholders approved all five proposals during a special meeting held on June 11, 2021. These approvals are essential for the company’s business combination with Metamaterial, Inc., as outlined in their Arrangement Agreement from December 14, 2020. The acquisition aims to secure all outstanding common shares of Metamaterial. A Form 8-K will be filed to disclose final voting results. Torchlight focuses on the acquisition and development of domestic oil fields, particularly in Texas.
Torchlight Energy Resources, Inc. (TRCH) announced that 46% of eligible stockholders have voted for the special meeting set for June 11, 2021, regarding the business combination with Metamaterial, Inc. The record date for voting was May 5, 2021. Eligible stockholders may vote online, by mail, or by phone. Torchlight encourages participation in the voting process and reminds stockholders to check with their brokers if they have not received voting instructions.
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) filed a definitive proxy statement for a special stockholder meeting regarding its business combination with Metamaterial, Inc. The meeting is scheduled for June 11, 2021, with a record date of May 5, 2021. Stockholders may vote via mail, phone, or online. Management anticipates strong support for the transaction, urging stockholders to vote promptly upon receiving proxy materials. D.F. King will serve as the proxy solicitor. For more information, visit Torchlight's website.
Torchlight Energy Resources (NASDAQ:TRCH) announced an extension for the notification and holding of a special stockholders meeting regarding its business combination with Metamaterial Inc. The notice deadline is now set for May 10, 2021, while the meeting will be held by June 11, 2021. The outside date for the arrangement has also been extended to June 18, 2021. This extension is in anticipation of the SEC clearing Torchlight's preliminary proxy statement, allowing for the announcement of the record date for stockholders eligible for a dividend of Series A Preferred Stock.
Torchlight Energy Resources, Inc. (NASDAQ:TRCH) is progressing towards completing the regulatory requirements for its business combination with Metamaterial Inc. Torchlight has submitted its 2020 Annual Report, which is needed for the proxy statement regarding the special stockholder meeting. The date for notice and call of this meeting has been extended to April 30, enabling clearance with the SEC. The record date for a dividend of Series A Preferred Stock will be determined after this meeting. Metamaterial's security holders have already approved the Arrangement.
Torchlight Energy Resources (TRCH) provided an update on its business combination with Metamaterial Inc. The company is finalizing regulatory requirements and plans to file its 2020 annual report before a definitive proxy statement for a special meeting of stockholders, expected within 30 to 60 days. The Arrangement's closing is anticipated in Q2 2021. The company will determine the record date for distributing Series A Preferred Stock dividends after the special meeting. Notably, Metamaterial's security holders have already approved the Arrangement.
Torchlight Energy Resources (NASDAQ:TRCH) and Metamaterial Inc. (CSE:MMAT) will participate in the 33rd Annual ROTH Conference from March 15-17, 2021. The CEOs will present recent developments and conduct one-on-one meetings with attendees. This virtual event, hosted by ROTH Capital Partners, features presentations from numerous companies and is crucial for small and mid-cap investors. For details on scheduling meetings, please contact ROTH at 1-800-678-9147 or via email.
