Moomoo Lily
:
Hello Tristan Tan, thanks for your feedback. We are trying to build remarks for Corporate Actions. We have checked with our colleague, After Torchlight (NASDAQ: TRCH) announces the acquisition of Metamaterial Inc., a dividend of Series A Preferred Stock (TRCHP.CNT) will be issued to Torchlight shareholders on a one-for-one basis during the spin-off. The record date is June 24, which means clients who still hold TRCH positions after the close of market trading on June 22 will be eligible.
Holders of Series A Preferred Stock will be entitled, on a pro rata basis, to any future net proceeds or other potential benefits.
Moomoo Lily : Hello Tristan Tan, thanks for your feedback. We are trying to build remarks for Corporate Actions.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
We have checked with our colleague, After Torchlight (NASDAQ: TRCH) announces the acquisition of Metamaterial Inc., a dividend of Series A Preferred Stock (TRCHP.CNT) will be issued to Torchlight shareholders on a one-for-one basis during the spin-off. The record date is June 24, which means clients who still hold TRCH positions after the close of market trading on June 22 will be eligible.
Holders of Series A Preferred Stock will be entitled, on a pro rata basis, to any future net proceeds or other potential benefits.
SEC announcement: https://www.sec.gov/Archives/edgar/data/1431959/000119312521154788/d117540ddefm14a.htm
Torchlight company announcement:
https://ir.torchlightenergy.com/company-news/detail/720/torchlight-declares-special-dividend-of-new-series-a-preferred
Hope this information could help you