Torchlight Energy Resources Inc (NASDAQ: TRCH) happens to be one of the big names in oil and gas exploration business undertakings. It is pleased to provide details about a proposed business combination. This company has also unveiled the payment data for the preferred stock dividend.
The agreement between the two
Torchlight and Metamaterial Inc have both agreed upon adding more time to cater to the remaining undertakings before the effective close of their business combination transaction. The joint move to extend the outside date marks an excellent start for the two as they seek to strike a progressive and longstanding working relationship.
Analysts continue making their projections about the particular date on which the deal is sealed. However, most of them seem to agree on June 30, 2021.
The extension happens to be a necessary move according to the two parties involved in the deal. For instance, the added time will facilitate the June 24, 2021 record date. The other thing will be the 25th payment date involving the Series A Preferred Stock dividend. Reports indicate that the declaration might transpire on June 14, 2021.
Torchlight Energy Resources Inc points toJune 25 as the Series A Preferred Stock dividends’ payment date. However, the company hopes that matters play according to plan, making it possible for the deal to be concluded around June 30, 2021.
Torchlight Energy Resources, Inc has archived a lot as an oil and gas Exploration and Production (E&P) company. The company continues aspiring to acquire and develop domestic oil fields as part of its business plan into the future.
The company takes great pride in a wide array of assets inCentral and WestTexas.
The company’s stock quite vibrant lately.
Employing the best business strategies works, and that might explain the companies continued growth. The most recent StockTwits point out the company as an outstanding performing stock that continues to draw the attention of investors.
Analysts have linked the companies stellar performance to the continued mention in the StockTwits. The company’s stock price continues to uphold an upward trajectory, which is quite impressive to the shareholders.