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The shares, however, gave up some of the gains after the company upsized its stock offering. Torchlight Loans Metamaterial US$10,000,000, Allowing Metamaterial to Execute on Business Plan in Advance of Shareholder Votes Canada NewsWire PLANO, Texas and HALIFAX. This was a 60k account back during that market correction in March. CTO Jonathan Waldern stated, “Under a new brand name, metaFUSION™, we are now applying that proven technology and other functionality directly encapsulated into eyeglasses, to compliment waveguide-based displays similar to HoloLens®.”. After the merger and up-listing to the NASDAQ, I expect META to be trading no lower than $5. In 2019 META acquired North, Inc and their roll-to-roll holographic manufacturing tech. Investors appear to be responding to rumors about the company working with Tesla. Pala helped design for Samsung are directly tied to their patents for this technology. Copyright 2021.Been waiting for someone to compose a nice big DD. No part of this announcement may be reproduced in any form without the express written permission of Roth. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors.

An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Any opinions or estimates in this announcement are subject to change without notice. This is not, however, an offer or solicitation of the securities discussed. Additional information is available upon request. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. The material, information and  facts discussed in this announcement other than the information regarding Roth Capital Partners, LLC ("Roth") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. Research |  Corporate Services |  Corporate Access & Conferences |  Press Room For more information on Roth, please visit About Roth |  Investment Banking |  Capital Markets |  Institutional Sales & Trading As a full-service investment bank, Roth provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, Roth is privately-held and employee owned, and maintains offices throughout the U.S. Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. For more information, please visit About Roth Capital Partners Our achievements have been widely recognized, including being named a Global Cleantech 100 company. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. META® delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. For more information, please visit (Source: Company Press Release | 06.25.21) Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary objective of acquisition and development of domestic oil fields. Roth Capital Partners acted as financial advisor to Torchlight related to this business combination. as of June 28, 2021) for each share of Metamaterial Inc., to reflect the reverse split impact on total outstanding shares of Torchlight. shareholders owned the same approximate 75% after the reverse split, the exchange ratio was divided by 2, to 1.845 shares of Torchlight (which will be renamed Meta Materials Inc. subject to financings prior to the closing of the business combination. shareholders owning approximately 75% of the resulting post-merger company, Meta Materials Inc. This 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 Inc. At closing, Torchlight's name will be changed to "Meta Materials Inc." and its common stock will begin trading on NASDAQ under the ticker symbol "MMAT." Prior to the implementation of the reverse stock split, it was expected that Metamaterial, Inc. (NASDAQ:TRCH), an oil and gas exploration company (“Torchlight”) announced the closing of a business combination with Metamaterial Inc.