Roth Capital Partners acted as
Sole Placement Agent for
Torchlight Energy Resources (Nasdaq:TRCH)
in its $137.5 Million ATM Program

For more information please contact:
 
Investment Banking
Alexander Montano
Managing Director
(949) 720-5770
amontano@roth.com
 
Otillia (Tillin) Chen
Director
(949) 720-5771
tchen@roth.com
 
Dustin F. Cabrera
Vice President
(949) 720-7136
dcabrera@roth.com
 
Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
 
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
 
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
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.


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Date of Announcement: 07.22.21
 
The material, information and  facts discussed in this announcement other than the information regarding Roth Capital Partners, LLC ("Roth") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of Roth. Copyright 2021.