12/20/2023 0 Comments Torchlight special dividend payoutThis exchange ratio was planned to result in the Metamaterial Inc. shareholders would receive 3.690 shares of Torchlight common stock in exchange for each of their shares of Metamaterial. Prior to the implementation of the reverse stock split, it was expected that Metamaterial, Inc. Commencing on JTorchlight's name will be changed to 'Meta Materials Inc.' and its common stock will begin trading on NASDAQ under the ticker symbol 'MMAT.' were completed on Jand therefore Torchlight expects that the business combination will be effective on Jas of 12:01 AM EDT. Torchlight also announced that the steps necessary to close the business combination with Metamaterial Inc. The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today 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. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. THE ARRANGEMENT AGREEMENT WITH METAMATERIAL, INC. STOCK DIVIDEND, A 1:2 REVERSE STOCK SPLIT AND PLANNED CLOSING OF Note: Nothing posted here by any redditor should be construed as investment advice.TORCHLIGHT ANNOUNCES PAYMENT OF A SPECIAL SERIES A PREFERRED Memes only on the weekends: Please only keep memes to weekends, we will remove them if posted on a weekday.įintel.io - Research tools for data-driven investors Any text post that is just a copy and paste of the article content or a screenshot without commentary driving some sort of discussion will be removed. No Low-Effort Posts: If posting a link, we ask that you provide some commentary behind the link unless the title is self-explanatory and significant. You may face a ban if your memes are terrible. You can post memes, but be sure to flair them. Jokes, images and memes might not add much quality. Do not attempt to manipulate the market using our subreddit or push any sort of personal agenda with regard to trading.įlair Meme Posts! - This subreddit's purpose is to analyze, discuss, and participate in stock market related areas. No Pump & Dumps/Low Volume Stocks: Avoid sharing content involving low-volume stocks (less than 500k shares average daily volume), OTC stocks, penny stocks and other market instruments that could be easily influenced by a large amount of exposure. If you are harassing someone, you will be permanently and immediately banned and reported to Reddit admins. If you are being harassed, report it to us or Reddit admins. Harassment includes but is not limited to ad-hominem attacks, racism, discrimination, sexual harassment, hateful/violent language, slurs, and in general just being an asshole. We have a zero tolerance policy for this rule. Violating spam rules may result in a permanent ban.Ībsolutely NO Harassment: Well-reasoned arguments and disagreements are welcomed. Spam includes but is not limited to lazy or low effort posts, copying and pasting the same post across multiple subs, posting the same thing multiple times in the same sub, clickbait, self promotion, referral links, surveys, and anything else that could be regarded as shady or unwelcome. No Spam: In general, if you have to ask "is this spam?" - it's spam. If you have something you believe would be valuable to our community, message the moderators to discuss it before posting. No Self Promotion: This includes links to your YouTube videos, discord chats, personal websites, Twitter/Instagram/social media accounts, trading services, subreddits, and so on, and applies to both posts and comments. Additionally, see our quick guide on how to ask good questions and share quality content. Please search before posting: If you are new to the markets and about to ask how to get started, click here instead. If you are new to the markets, you may wish to see our submission guidelines and stock market resources section below which have some helpful links: Posts about equities, options, forex, futures, analyst upgrades & downgrades, technical and fundamental analysis, and the stock market in general are all welcome. Welcome to /r/StockMarket! Our objective is to provide short and mid term trade ideas, market analysis & commentary for active traders and investors.
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