Torchlight Energy Resources Inc

NASDAQ:TRCH   3:59:45 PM EDT
2.16
+0.24 (+12.24%)
5:18:33 PM EDT: $2.10 -0.06 (-2.55%)
Mergers / Acquisitions

Metamaterial And Torchlight Sign Definitive Agreement For Business Combination

Published: 12/14/2020 17:18 GMT
Torchlight Energy Resources Inc (TRCH) - Metamaterial and Torchlight Sign Definitive Agreement for Business Combination.
Metamaterial Inc - Upon Completion of Transaction, Shareholders of Co Are Expected to Hold About 75% Equity Interest in Combined Co.
Metamaterial Inc - Upon Completion of Transaction, Torchlight Shareholders Will Retain About 25% Equity Interest in Combined Co.
Metamaterial Inc - Metamaterial's Ceo, George Palikaras Will Be Appointed CEO of Combined Co.