Torchlight Provides Update on Proposed Business Combination Timing and Payment D
Torchlight Provides Update on Proposed Business Combination Timing and Payment Date for Preferred Stock Dividend
PLANO, TX / ACCESSWIRE / June 21, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that Torchlight and Metamaterial Inc. ('Metamaterial') have agreed to extend the outside date by which Torchlight and Metamaterial must close their business combination transaction (the "Arrangement") to June 30, 2021. The extension provides time for the June 24, 2021 record date and the June 25th payment date of the special Series A Preferred Stock dividend, declared on June 14, 2021, to transpire.
The payment date for the Series A Preferred Stock dividend will be June 25th. The Company expects to close the Arrangement no later than June 30th, 2021.
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无心看风景xyz OP : Can i get special A preferred stock if i sell my stock on 25th Jun before close?Who tell me the anwser?
OldNormanBates 无心看风景xyz OP : Yes, hold thru the 24th and you should be able to have the Special Class A Dividend according to the way it's written. Do your own DD Due Diligence Reading about it to make certain you Understand fully, before making the decision. My info is not professional advice.
OldNormanBates 无心看风景xyz OP :
OldNormanBates :
71659510 : anyone know what would be the value of these dividends?
无心看风景xyz OP 71659510 : No one knows right now.
无心看风景xyz OP OldNormanBates : So we can sell on 25th Jun anytime?!
71659510 : is it worth getting in right now ? I sold mine at 4.50 :(
OldNormanBates 71659510 : Estimated to be 1-22 Dollars, and with oil prices going up, many people are talking about the 20 Dollar range. No Guarantees.... Will be placed into the Special Class A Dividend Shares somewhere after June and No Later Than Dec 31 when it expires.
OldNormanBates 无心看风景xyz OP : That's what it looks like, but always do your own DD Due Diligence Reading Please to make sure your decisions are made from your own knowledge. I have no connection with TRCH META or MMATF. I'm just reading.....