On January 21, a corporation’s board of directors declared a 2% cash dividend on $100,000 of outstanding common stock. Apr-27-20 08:00AM. 1.) No matter what you're investing into the combined company. Oil and Gas Assets. MMATF will get 3:1 stock after the merger. Why Would These Firms and Others Do That? If you haven't heard, Torchlight Energy (.45) recently announced a merge with META. ACCESSWIRE -9.73%. About Star Equity Holdings, Inc. Star Equity Holdings, Inc. is a diversified holding entity with three divisions: Healthcare, Construction, and Investments. NTGSF + 25.35 %. Torchlight Energy Resources, Inc. So, if you're looking for a reason to sell, don't put too much weight on it being overbought. Meanwhile, more on the fundamental side, Torchlight late yesterday declared a special dividend of Series A Preferred Stock, to be issued on a one-for … Torchlight Declares Special Dividend of New Series [..] Announces Record Date of June 24th PLANO, TX / ACCESSWIRE / June 14, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), [..] IDW Reports Second Quarter Fiscal 2021 Results This morning, Torchlight Energy (NASDAQ: TRCH) revealed a special preferred stock dividend. ACCESSWIRE -9.73%. 29 Watchers. The company will pay existing shareholders 50p per share thanks to money gained from the sale assets in Thailand and Malaysia. Announces Pricing of Public Offering of Common Stock. Kansas City Southern (KCS or the Company) (NYSE:KSU) announced that its Board of Directors approved at its meeting today a 23% increase in the quarterly dividend on KCS's common stock, from $0.44 to $0.54 per share. Their oil and gas assets that they are going to sell includes over 100,000+ acres of prime drilling land in Texas. Hope this helps… The momentum in TRCH went to another level on Tuesday after the company declared a special preferred dividend. Approximate Date of Commencement of Proposed Sale to the Public: From time to time after the effective date of this registration statement. (% of float 05/28/21) 12.20. ACCESSWIRE -15.12%. The dividend will be paid on March 1, to stockholders of record on February 5. On August 16, 2018, Tiffany & Co. (NYSE: TIF) declared a dividend of $0.55/share (the declaration date) to be paid on October 10 (the payment date). The company said the special dividend is in connection with the business combination transaction with Metamaterial, Inc. Announces Record Date of June 24th PLANO, TX / ACCESSWIRE / June 14, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to Common Stockholders of Record as of the close of market trading on June 24, … You are wrong about trch. The ex-dividend date was set for September 19, 2018, making the record date September 20, 2018. Dividend.com: The #1 Source For Dividend Investing. Torchlight to issue special dividend! Metamaterial may have approximately 122 million fully diluted shares now, while Personally, I think MMATF was the play here and even then we still need the MMAT valuation do decide if it'd be worth holding through the merger or not. You only get the one-time special dividend if you don't hold through the merger. Torchlight to issue special dividend! The number of shares of a security that have been sold short by investors. The stock has soared 400% so far this year. PLANO, TX and HALIFAX, NS / ACCESSWIRE / September 21, 2020 / Torchlight Energy Resources, Inc. (NASDAQ: TRCH… Some speculate as high as $3 or $4 per share. TRCH Torchlight Energy Resources, Inc. Common Stock. Most Recent Dividend: The most recent dividend paid and the most recent dividend date. TRCH will only get 1:1 of the new company, 25% and a special dividend. Check out what the investors are currently most interested in by visiting our Most Watched Stocks page. The TRCH record date is NOT linked to $MMAT's voting date that already took place on Friday 12th. Announces Record Date of June 24thPLANO, TX / ACCESSWIRE / June 14, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company (''Torchlight''), today announced that it has declared a Special Dividend of Series A Read more Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. Torchlight Declares Special Dividend of New Series A Preferred Download PDF Announces Record Date of June 24th PLANO, TX / ACCESSWIRE / June 14, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to … ITMSF + 17.83 %. On January 21, a corporation’s board of directors declared a 2% cash dividend on $100,000 of outstanding common stock. MMATF will retain 75% of the combined company. To illustrate the entries for cash dividends, consider the following example. Ex-Dividend Date. PLANO, TX / ACCESSWIRE / June 14, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to Common Stockholders of Record as of the close of market trading on June 24, … Torchlight Extends Maturity on $10.5 Million in Debt. To illustrate the entries for cash dividends, consider the following example. The record date to determine the Torchlight stockholders that will receive a dividend of the previously announced Series A Preferred Stock, which will entitle its holders to, among other things, receive dividends in connection with the sale of Torchlight's oil and gas assets, will be determined after the special meeting is held. Exhibit 99.1 TORCHLIGHT AND METAMATERIAL ANNOUNCE PLANNED BUSINESS COMBINATION Special Dividend Intended to be Issued to Torchlight Shareholders at Closing Plano, Texas & Halifax, Nova Scotia – September 21, 2020 – Torchlight Energy Resources, Inc. (NASDAQ: TRCH), an oil and gas exploration company (“Torchlight”) and Metamaterial Inc. (“META”) (CSE: MMAT), a developer of … MMATF and TRCH This is my ... Once these assets are sold their net proceeds will be divided among shareholders in the form of a special dividend. Torchlight Receives Drilling And Development Obligations Relief On Its Orogrande Basin Project. 0.16. Torchlight Energy on fire after declaring special preferred dividend: Jun 14: Torchlight Declares Special Dividend of New Series A Preferred: Jun 14: Top Oil and Gas Penny Stocks for Q3 2021: Jun 14: Torchlight Energy Jumps, Apparently Joining Meme Stock Club: Jun 11: Torchlight Announces Results from Special Meeting of Its Stockholders: May 28 TRCH reported that it has issued a one-for-one Special Dividend of Series A Preferred Stock to be payable to Common Stockholders of Record as of June 24, 2021 (depending on the adjustment for any reverse split of Torchlight’s common stock after the record date but before the dividend is paid). PLANO, Texas & HALIFAX, Nova Scotia, Sept. 21, 2020 /CNW/ - Torchlight Energy Resources, Inc. (NASDAQ: TRCH… 1d 2d 5d 1mo 3mo 6mo 1yr 3yr. ... Special Dividend Likely To Be Of Limited ValueSeeking Alpha ... NKOSF + 26.30 %. Preferred Stock Dividend to be Issued to Torchlight Shar The company had announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to common stockholders of record as of the close of market trading on June 24, 2021 (subject to adjustment for any reverse split of Torchlight’s common stock after the record date but before the dividend is paid). Apr-09-20 08:30AM. 15, 2021 at 10:25 a.m. Subscribe to Our Newsletter. The Tesco share price was given another boost this week thanks to the announcement of a special £5 billion dividend. Add to Watchlist. TRCH's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! The special dividend will be as of the record date… No one knows how much that dividend will be. In connection with the Arrangement, on June 14, 2021, we also declared a dividend, on a one-for-one basis (subject to adjustment based on the Reverse Split), of shares of our newly designated Series A preferred stock, or the Series A Preferred Stock, to the record holders of our common stock as of the close of business on June 24, 2021, which is the record date for the dividend. If The Merger Happened Today, Torchlight Shareholders Would Suffer A 90% Decline Short squeeze, Asset sales special dividend upto $25 and Meta stock 1 to 1 exchange as current TRCH stock price indicates that there will be no reverse split. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. PLANO, TX / ACCESSWIRE / June 11, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced the results from the special meeting of its stockholders, which was held virtually earlier today in connection with the previously announced business combination transaction with Metamaterial, Inc. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. Torchlight Energy Resources, Inc. Common Stock (TRCH) Nasdaq Listed. Torchlight Energy Resources Inc. (NASDAQ: TRCH) shares moved higher Tuesday after the company declared a special dividend … Social Media. PLANO, TX / ACCESSWIRE / June 14, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on … PLANO, TX / ACCESSWIRE / June 14, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to Common Stockholders of Record as of the close of market trading on June 24, … Short Interest. Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company (‘Torchlight’), announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to Common Stockholders of Record as of the close of market trading on June 24, 2021 (subject to adjustment for any reverse split of Torchlight’s common stock after the record date … /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TRCH, SENS, CANF, EH, and LKNCY. Torchlight owns 72% of a 134k … . $TRCH VERY Good Estimated Dividends for Torchlight share holders☑️ RT ️ pic.twitter.com/z9Yn3iwZRU — TRCH & META (@TRCHxMETA) March 15, 2021 Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. TRCH shareholders will get 25% of the combined company, which at MMATF's market cap, puts TRCH's current value at 35c per share, assuming its assets are worthless. Data is currently not available. PLANO, TX / ACCESSWIRE / June 14, 2021 / Torchlight Energy Resources, Inc. (NASDAQ: TRCH), an oil and gas exploration company ('Torchlight'), today announced that it … Yield is the amount of dividends paid per share, divided by the closing price. Torchlight Energy Up 45% After Declaring Special Dividend Jun. "To date, the peak 24-hour production rates from Torchlight Energy Resources Inc.'s recently completed Cactus A35 #1H well are 15 bbl/d and 110 Mcf/d, or 33 boe/d. The attached letter to shareholders provides further background and context to the Board's evaluation relative to this special dividend. The bulls were able to push the stock to a new 52-week high. ... TORCHLIGHT ENERGY RESOURCES - COMBINED CO SHALL USE COMMERCIALLY REASONABLE EFFORTS TO CAUSE TORCHLIGHT OIL & GAS ASSETS TO BE SOLD BY JUNE 30TH, 2021. On August 16, 2018, Tiffany & Co. (NYSE: TIF) declared a dividend of $0.55/share (the declaration date) to be paid on October 10 (the payment date). At the same time, they also announced that there would be a special dividend sometime before the end of next near, but most likely around June. TORCHLIGHT ENERGY RESOURCES INC - SPECIAL DIVIDEND INTENDED TO BE ISSUED TO TORCHLIGHT SHAREHOLDERS AT CLOSING. Healthcare Torchlight Extends Maturity on $10.5 Million in Debt. Apr-27-20 08:00AM. Nasdaq 100. ACCESSWIRE -15.12%. Announces Record Date of June 24th. It’s a house of cards With gas and oil prices going up and Texas being one of the biggest investors in that industry, they are expected to get over $1 billion for that and will use it to pay special dividends to their share holders. Torchlight Energy Resources, Inc. (NASDAQ: TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. Trading on the OTC, TRCH won't be able to command nearly the valuation or attention that it could on the Nasdaq. Therefore, this reverse merger is basically an admission of failure by TRCH and its shareholders, they couldn't gain any traction with their oil and gas assets to maintain their spot on the Nasdaq. This suggested the merger was moving along. Torchlight Energy Resources has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Friday, June 18th, 2021 based off prior year's report dates. $3.12. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. TRCH shareholders will receive a 25% equity interest in the combined company, while MMAT shareholders will receive a 75% interest. Metamaterial designs, develops, and manufactures advanced materials specializing in nanocomposites, nanofabrication, and machine learning to control light and electromagnetic waves. Torchlight Energy Offers Special Dividend, Stock Surges 70%. FBRC paid a special dividend on June 1, 2017, but its ex-dividend date was June 2, 2017. At the same time, the chatter around short squeezes carries on in full force. The company had announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to common stockholders of record as of the close of market trading on June 24, 2021 (subject to adjustment for any reverse split of Torchlight’s common stock after the record date but before the dividend is paid). Crypto-Broker – мошеннический сайт! Torchlight Declares Special Dividend of New Series A Preferred. The shares have been for the last several days and reached above year-to-date level. The dividend rate is the portion of a company's profit paid to shareholders, quoted as the dollar amount each share receives (dividends per share). Through this reverse merger Torchlight receive a 25% stake in META. If you are a $TRCH shareholder and interested in participating in the dividend, the cut-off record date will be POST the $TRCH shareholder voting/meeting date. Torchlight Receives Drilling And Development Obligations Relief On Its Orogrande Basin Project. Torchlight Declares Special Dividend of New Series A Preferred. Currently, shares are at $6.51, up 28.40 percent from the previous close of $5.07 on a volume of 89,828,442. Apr-09-20 08:30AM. Short squeeze, Asset sales special dividend upto $25 and Meta stock 1 to 1 exchange as current TRCH stock price indicates that there will be no reverse split. It is typically expressed as a percentage of the total number of shares outstanding and is reported on a monthly basis. my TRCH stock on fire today up $1.50 Not a stock I would even consider based on earnings. TRCH shareholders will get 25% of the combined company, which at MMATF's market cap, puts TRCH's current value at 35c per share, assuming its assets are worthless. At TRCH's current share price, it is trading at a whopping 1050% premium to its arbitrage value. 2.88. The record date for this dividend is June 1, 2021, and the payment date is June 11, 2021. TRCH closed up 41.62 percent on Tuesday, June 15, 2021, on 22.0 times normal volume. It's a win win scenario. Torchlight Declares Special Dividend of New Series A Preferred - ACCESSWIRE - … The dividend will be paid on March 1, to stockholders of record on February 5. Torchlight Energy Resources, Inc. .equating this to a 10,000 ft lateral, the Cactus well results can be extrapolated to potentially 1.5 … Exhibit 99.1 TORCHLIGHT AND METAMATERIAL ANNOUNCE PLANNED BUSINESS COMBINATION Special Dividend Intended to be Issued to Torchlight Shareholders at Closing Plano, Texas & Halifax, Nova Scotia – September 21, 2020 – Torchlight Energy Resources, Inc. (NASDAQ: TRCH), an oil and gas exploration company (“Torchlight”) and Metamaterial Inc. (“META”) (CSE: MMAT), a developer of … TRCH MMATF stock update on Special Dividend fine details. Updated May 12, 2021 ... Bank of Australia means it is sitting on about $10 billion in excess regulatory capital and primed for a buyback or special dividend later in the year. As far as shorts, they will need to cover pre-merger if they do not they will get a margin call. TRCH stock emerged as the third-most mentioned name in the Stocktwits chatroom ... Torchlight late yesterday declared a special dividend of Series A Preferred ... On the date … Announces Pricing of Public Offering of Common Stock. Major Trigger: Torchlight Declares Special Dividend of New Series A Preferred Key Highlights: announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to … Shareholders who own shares in the company before the market opens on the ex-dividend date will receive a dividend payment. Torchlight Energy Resources. 2021-06-14 16:30 ET - News Release. Special Dividend Intended to be Issued to Torchlight Shareholders at Closing. Due to the stock's strong uptrend, it may remain overbought for a while. +0.11 (+3.65%) DATA AS OF Jun 11, 2021. The ex-dividend date was set for September 19, 2018, making the record date September 20, 2018. Announces Record Date of June 24th. 05-25 finanznachrichten.de - PLANO, TX / ACCESSWIRE / May 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight"), today announced that stockholders representing 46% of the Torchlight shares eligible to vote at the special meeting to be held on June 11, 2021 in connection with the previously announced business combination transaction … I expect Record date to be prior to merger but after 6-11. Add to … Torchlight Energy Shares Soar After Special Dividend Announcement 2:46PM ET 6/15/2021 MT Newswires. Then TRCH announced the sale of $100 million worth of its stock. Announces Record Date of June 24th. Shares bought on or after the ex-dividend date will not qualify for the dividend. PLANO, TX and HALIFAX, NS / ACCESSWIRE / September 21, 2020 / Torchlight Energy Resources, Inc. (NASDAQ: TRCH… Torchlight Energy Resources Inc (NASDAQ:TRCH) continues to move up big as investors are cheering the surprised dividend announcement. ET 10 stocks that are pushing the Nasdaq to 5,000 The ex-dividend date is the date which is used to decide which shareholders will receive a dividend payment.