For more information please contact:
Otillia (Tillin) Chen
Dustin F. Cabrera
Equity Capital Markets
Head of Equity
Senior Vice President
Senior Vice President
Torchlight Energy Resources, Inc. (TRCH) entered into sales agreement with Roth Capital Partners on 6/15/21 for $100M. An amended and restated sales agreement was executed by both parties on 6/21/21, upsizing the transaction to $250M with an option to increase the size of transaction to $280M. TRCH merger with Meta Materials Inc. was completed on 6/25/21, and the surviving entity began trading under the ticker symbol MMAT on 6/28/21. The remainder amount under the revised sales agreement will be traded under MMAT.
Roth Capital Partners acted as sole placement agent for the offering.
About Torchlight Energy Resources
Torchlight Energy Resources, Inc. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E& P) company with a primary objective of acquisition and development of domestic oil fields. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. For additional information on Torchlight, please visit www.Torchlightenergy.com. (Source: Company Press Release | 06.16.21)
About Roth Capital Partners
Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, Roth provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, Roth is privately-held and employee owned, and maintains offices throughout the U.S. For more information on Roth, please visit www.roth.com.
Date of Announcement: 07.22.21
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