Back to Blog
Metamaterials torchlight7/1/2023 Although the management of META believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Such statements are based on the current expectations and views of future events of the management of META and are based on assumptions and subject to risks and uncertainties. This release includes forward-looking information within the meaning of Canadian securities laws regarding META and its business, which may include, but are not limited to, statements with respect to the terms and anticipated timing of the Proposed Transaction, the intention to raise equity capital, the potential continued listing on the NASDAQ, the disposition of Torchlight's oil and gas assets, the business strategies, product development and operational activities of META and Torchlight. Often but not always, forward-looking information can be identified by the use of words such as "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would" or "will" be taken, occur or be achieved. To learn more visit Forward Looking Information META is headquartered in Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California. META has a growing patent portfolio with three core technologies holographic, lithographic, and wireless sensing, designed for high volume applications. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and electromagnetic waves. META is changing the way we use, interact and benefit from light. Additional details will be announced if and when a definitive agreement is reached. META has engaged Hamilton Clark as financial advisor on its behalf. Torchlight has engaged Roth Capital Partners as financial advisor in connection with the transaction. There can be no assurances that a transaction will be consummated as a result of the letter of intent. If a definitive agreement is entered into, it is expected that the closing of a transaction will include customary closing conditions, including NASDAQ and CSE approval and approval by the shareholders of both companies. Entry into a transaction will be subject to satisfactory completion of due diligence by both parties, negotiation of a definitive agreement and audits of Torchlight and META.
0 Comments
Read More
Leave a Reply. |