Smith, Esquire, of Law Offices of Howard G. Torchlight will loan to Metamaterial an additional US500,000, in exchange for an unsecured promissory note in substantially the same form as the 8 unsecured convertible promissory note that evidences Torchlight’s loan to Metamaterial of US500,000 on September 20, 2020. This will give Torchlight enough time to pay its shareholders the special dividend it announced on June 14. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G. Torchlight and Metamaterial agreed to push back the transaction date to June 30. To be a member of the class action you need not take any action at this time you may retain counsel of your choice or take no action and remain an absent member of the class action. would result in an SEC investigation and subpoena (2) the Company has materially overstated its business connections and dealings (3) the Company has materially overstated its ability to produce and commercialize its products (4) the Company has materially overstated its products' novelty and capabilities (5) the Company's products did not have the potential to be disruptive because, among other things, the Company priced its products too high and (6) as a result, Defendants' public statements were materially false and/or misleading at all relevant times. June 28 (Reuters) - Shares of Meta Material Inc (MMAT.O) gave up premarket gains to fall 20 on Monday, the first day of trading after a merger that saw the niche hi-tech materials maker swallow. Smith to discuss their legal rights in this class action at 88 or by email to complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) the business combination of Torchlight Energy Resources, Inc. Torchlight and Metamaterial will prepare a proxy statement for Torchlights Shareholders to be filed with the SEC. Investors suffering losses on their Meta investments are encouraged to contact the Law Offices of Howard G. ("Meta" or the "Company") (NASDAQ: MMAT).Ĭlass Period: Septem– DecemLead Plaintiff Deadline: March 4, 2022 Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Meta Materials Inc. 28, 2022 /PRNewswire/ - Law Offices of Howard G. If the exchange rate is 1 Metamaterial share for 3.6 Torchlight shares (as mentioned in the proxy filing), that would imply that each Torchlight share would get around 1.60 in value from the.
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