Brief: Metamaterial And Torchlight Sign Definitive Agreement For Business Combination

Meta Materials

14/12/2020 17:11

Dec 14 (Reuters) - Metamaterial Inc  MMAT.CD :
    * METAMATERIAL AND TORCHLIGHT SIGN DEFINITIVE AGREEMENT FOR
BUSINESS COMBINATION
    * METAMATERIAL INC - UPON COMPLETION OF TRANSACTION,
SHAREHOLDERS
OF CO ARE EXPECTED TO HOLD ABOUT 75% EQUITY INTEREST IN COMBINED
CO
    * METAMATERIAL INC - UPON COMPLETION OF TRANSACTION,
TORCHLIGHT
SHAREHOLDERS WILL RETAIN ABOUT 25% EQUITY INTEREST IN COMBINED
CO
    * METAMATERIAL INC - METAMATERIAL'S CEO, GEORGE PALIKARAS
WILL BE
APPOINTED CEO OF COMBINED CO

Source text for Eikon:  urn:newsml:reuters.com:*:nCNWvdPyga
Further company coverage:  MMAT.CD 

 ((Reuters.Briefs@thomsonreuters.com;))