Hello, Please can you confirm what will happen post-merger of Torchlight Energy Resources (TRCH) and Metamaterials (MMAT), occurring in the coming weeks? I have been informed by another T212 user who has been in contact with you that any shares in TRCH will be liquidated and not transferred to MMA…

Hey :wave:, We are waiting for the company to make an official announcement in regards to any upcoming merge. Once there are more details & confirmation about the event, we’ll share further updates.

OK. Thanks for letting me know. I look forward to your update.

also waiting for update on this, spoke on live chat to 212 today they could not confirm the special dividend payment, so currently i’m looking to play the run up and exit before the merger

still no update from 212 on this ?

I checked from reddit (updates on June 16, 17th), that T212 will not convert but sell off at market price. That means all T212 stockholders cannot get dividend? Any confirmed updates from T212 officially?

I spoke to Trading212 and they have recently CONFIRMED (again dont know if they this person knows what he is talking about) as stated before our TRCH shares will be sold and wont move over to MMAT. However we will still receive the dividend payment if eligible.

The div payment is shares in a holding company… The holding company shares maybe worth $1… However before end of 2021 the holding company should has sold all trch assest. Then they wind down the company and share out ALL the cash to the old tech shares holders which could make the SP for this hold…

shame we can’t get a clear response on this, have a lot riding on this will have to ladder out in the run up as i can’t risk not receiving the special dividend

Its weird that they can do a ticker change if its a SPAC, I am also in for the Dividend, so it would be nice if Trading 212 would finally put its Big Boys Pants on and get their house in order.

TRCH/MMAT Merger + Dividend - What will happen?

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B.E June 18, 2021, 10:16am 8

We understand that this is a hot topic at the moment, however please bear with us - we’ll update you in a timely manner

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TRCH/MMAT Merger + Dividend - What will happen?

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