and A.G.P./Alliance Global Partnersįirst Amendment to Meta Materials Inc. Underwriting Agreement, dated as of April 14, 2023, by and among the Company, Ladenburg Thalmann & Co. 112 Contracts & Agreements Browse by Contract Category In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system - with returns rivaling even Warren Buffett. On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. Therefore, TRCH stock could be a solid pick for folks seeking to capitalize on the commodities bull cycle. Plus, the company holds multiple energy assets in prime locations. The TakeawayĪs you can see, Torchlight Energy is on the right track in eliminating its debt burden – something you can’t necessarily say about every other oil company. And, it comes on the heels of an earlier announcement in which Torchlight Energy had eliminated $1,120,000 worth of subordinated debt. It’s a huge burden to be lifted off of the stakeholders’ shoulders. So now, Torchlight Energy doesn’t have to use those two assets to secure the company’s debt anymore. Moreover, “The blanket liens on the Orogrande Project and the Hazel Project that were securing the debt will be released in full.” How is this good news? As the company’s statement explains, “This leaves Torchlight with no term debt remaining on its books.” Fortunately, Torchlight Energy does not appear to fall into that category.Īs reported by InvestorPlace contributor William White, Torchlight Energy’s remaining secured noteholder recently converted all $1.5 million of the company’s remaining debt into shares of TRCH stock. Let’s not kid ourselves: oil drillers are sometimes known for carrying heavy debt loads.
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