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#TORCHLIGHT MERGER META DOWNLOAD#

Torchlight will acquire 100% of Metamaterial through the issuance of common stock, such that at closing, the former equity holders of Torchlight would own 25% of the combined company with the former equity holders of Metamaterial owning the remaining 75%. in a reverse merger transaction on December 14, 2020. signed a definitive agreement to acquire Torchlight Energy Resources, Inc. (NasdaqCM:TRCH) from Tom Welch and others for approximately $140 million in a reverse merger transaction on September 15, 2020. (CNSX:MMAT) signed a non-binding letter of intent to acquire Torchlight Energy Resources, Inc. Contact MDF Law Notice: JavaScript is required for this content.Metamaterial Inc. We take all our cases on contingency, which means we do not collect a legal fee unless our clients recover money. We have helped to recover hundreds of millions of dollars for investors. MDF Law PLLC, is a New York City based investment fraud law firm whose practice focuses on advocating for investors. We urge investors to contact us immediately to discuss this case on a confidential basis. You may request the Court to appoint you as lead plaintiff for the class action no later than March 4, 2022. If you purchased shares of Meta Materials common stock during the relevant time period, you may be entitled to compensation, without payment of any out-of-pocket litigation fees or costs. as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.the Company’s products did not have the potential to be disruptive because, among other things, the Company priced its products too high and.the Company has materially overstated its products’ novelty and capabilities.

the Company has materially overstated its ability to produce and commercialize its products.

the Company has materially overstated its business connections and dealings.

would result in an SEC investigation and subpoena in the matter captioned In the Matter of Torchlight Energy Resources, Inc.

The business combination of Torchlight Energy Resources, Inc.

Specifically, Defendants failed to disclose to investors that: The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Then, On December 14, 2021, Kerrisdale Capital published a report alleging numerous issues including: “disappearing segments, misleading product claims, fake medical devices, research funding for subsidiaries that don’t exist, and circumstances so questionable around a penny stock reverse merger that it’s now the subject of an SEC Enforcement subpoena.” Based upon this news, Meta’s stock fell from $4.96 on Novemto $2.91 per share on December 14, 2021. On November 15, 2021, Meta Materials released its third quarter financial report and subsequently revealed that the Company had received a subpoena from the SEC in September regarding an investigation of Meta’s merger with Torchlight Energy Resources, Inc.

#TORCHLIGHT MERGER META DOWNLOAD#

Meta-Materials-Securities-Fraud-Complaint Download SEC Subpoena Received by Meta Materials