Metamaterial Inc (NASDAQ: MMAT), a high-performance functional materials and nanocomposites developer, has announced Mr. Darren Ihmels as Vice President of Business Development Ophthalmics.
Ihmels will be absorbed in developing META’s ARfusion™ skill
Ihmels conveys over 30 years of knowledge in ophthalmic merchandises, deals, engineering, gear, and services for instruction lenses and bright amplified authenticity (AR) applications.
“To grow a commercially effective increased reality eyewear trade, it is essential to stylishly pool the characteristics of chic, lightweight and contented prescription eyewear with entrenched smart skills and shows,” said George Palikaras, President and CEO of META. “We are privileged to have someone of Darren’s extent of knowledge join our side as we commercialize the ARfusion™ scheme.”
Ihmels joins META from Google. Earlier, from 2016 to 2020, he was Director, Ophthalmic Lens Engineering for North, Inc. From 2009 to 2015, he was a Vice President in several deals protagonists and VP Engineering for FYidoctors, Canada’s leading eye care supplier.
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) finishes business combination with Metamaterial Inc
In other news, Torchlight Energy Resources, Inc. (NASDAQ: TRCH) has announced that the company has completed the stages essential to close the corporate grouping with Metamaterial Inc. were finished on June 25, 2021, and consequently, Torchlight imagines that the business combination will be active on June 28, 2021, as of 12:01 AM EDT. Accordingly, beginning on June 28, 2021, Torchlight’s name will be altered to ‘Meta Materials Inc.,’ and its public stock will begin dealing on NASDAQ under the ticker symbol ‘MMAT.’
Before the operation of the contrary stock division, Metamaterial, Inc. stockholders would collect 3.690 shares of Torchlight common stock in interchange for each of their stocks of Metamaterial.
This interchange ratio was prearranged to consequence in the Metamaterial Inc. stockholders possessing around 75% of the resultant post-merger company, Meta Materials Inc, theme to financings before concluding the business combination.
To safeguard that the Metamaterial Inc. stockholders possessed the same estimated 75% after the inverse split, the company split the interchange ratio by 2 to 1.845 stocks of Torchlight.