#Torchlight special dividend windows

Palikaras also said his company, which only has 500 shareholders, will now have access to Torchlight’s thousands of shareholders.Īppili Therapeutics Moves on to the TSX Main Board. Torchlight will provide Metamaterial with at least US$10 million in new financing as part of the deal. According to the letter of intent, Metamaterial shareholders will end up owning 75 percent of the combined company. Metamaterial, known as Meta, now has a market capitalization (the value of all its shares) of C$26.3 million, and the merged company at Monday’s share prices would have a market cap of about C$60 million. He would not rule out a listing at some point on the TSX. The company listed on the alternate Canadian Stock Exchange in March, and Palikaras said it will have a dual listing following the merger on both the Nasdaq and the CSE.

#Torchlight special dividend windows

The company is best known for its metaAIR venture with Airbus, which is producing a transparent covering for airplane cockpit windows that can filter out laser attacks. Metamaterial is a specialist in producing metamaterials – materials comprising compounds not found in nature – that alter light, either by magnifying, repelling or filtering it. “There is a shift happening right now in the marketplace and companies like Meta that are focusing on sustainable technologies are coming in at the right time.” “I’m excited that an oil and gas company will divest its existing assets and look to a business like ours,” George Palikaras, who will retain his titles of Metamaterial President and CEO, said in an interview.

As part of the deal, Torchlight will sell off its oil and gas assets, and use the proceeds to pay a special dividend to its existing shareholders. The merged company will retain the Metamaterial name, management, business model, and will be headquartered in Dartmouth.

The Dartmouth company, which makes products from manmade substances that alter light, said Monday it has signed a letter of intent to merge with Plano, Texas-based oil and gas producer Torchlight Energy Resources. has agreed to merge with an American company that will provide it with a listing on the Nasdaq stock exchange and at least US$10 million (C$13.3 million) in new financing. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits.Metamaterial Inc. Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. Indicates a company's profitability in relation to its total assets. The rate at which the company's net income has increased to the same quarter one year ago. It indicates the company's profitability. Net income divided by revenue of the last 4 quarters. Net Income is the profit after all expenses have been deducted from the total revenue. It indicates the efficiency of using their resources to produce goods or services.Įarnings before tax and interest payments. Gross profit is the profit after subtracting the costs of making and selling its products or the costs of providing its services. Revenue is the sum of all cash flow into the company. However, the ratio is difficult to compare between industries where common amounts of debt vary. Price to Book Ratio is the Market cap divided by the Book value of the companyĪ higher ratio indicates a higher risk.

Market cap divided by the revenue in the most recent year. A lower PEG could mean that a stock is undervalued.Įarnings divided by outstanding shares. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. Ratio between share price and earnings per share.