You can view it here.īasically, Metamaterial shareholders get 75% of the new company. The merger was analyzed by SA contributor Safety In Value back in March. You see, Metamaterial wants to list on a large US stock exchange, and to do this, it’s carrying out a reverse takeover with a small NASDAQ-listed US energy company named Torchlight. However, I think things have gotten out of hand with the valuation of Metamaterial and it has little to do with the company itself. The story is narrative-driven and it’s not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. Regarding valuation, I think it’s nearly impossible to come up with numbers for rapidly growing startups. Like I explained in my article on KULR Technology Group ( KULR), this is what I like to see in a startup – a rapidly growing market and great products and partnerships. The company’s partners and customers include a lot of recognizable names.
#METAMATERIALS TORCHLIGHT TV#
These include a transparent window film that transforms outdoor 5G coverage an invisible antenna that can enhance indoor 5G and digital TV reception and a nano-heater that can provide deicing and defogging for autonomous vehicle sensors. Metamaterial has some interesting products at the moment. The market for metamaterials is almost non-existent at the moment but is projected to grow to $10.7 billion SAM by 2030.Ĭombine this sector with other markets like advanced materials, IoT, medical, energy, aerospace, and automotive markets, and the market opportunity grows beyond $3 trillion. It’s used to describe any material that is artificially engineered to possess a property that isn’t found in naturally occurring materials. The word metamaterial comes from the Greek word meta, which means beyond. In its own words, the firm specializes in the design and manufacturing of complex films and other materials called metamaterials, which can manipulate and utilize light and other forms of energy. Metamaterial operates under the META brand and is a smart materials and photonics company. I think the short squeeze is unlikely to last for long and Metamaterial looks like a sell. Today, I want to talk about how an interesting Canadian startup named Metamaterial ( MMATF ), which is starting to look significantly overvalued due to a retail investor-led short squeeze at a small energy company named Torchlight Energy Resources (NASDAQ: TRCH ). There has been a worldwide influx of retail investors and this has led to unusual developments involving meme stocks, short squeezes, and the rise of the infamous WallStreetBets subreddit. The whole stock market depends only on whether there are more shares than idiots or more idiots than shares.
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