RE:RE:Is It Actually Possible? Dumont,
When during the Q4 and fiscal 2023 year end conference call Mr. Nazarpour suggested that they were targeting for a the VoltaXplore finacing package to be completed by the end of the year and were at that time closer to "creating a financing package that will be the most beneficial to our shareholders" and to the future of our business (and I could possibly be closest to directly quoting him here), there is no way Mr. Soroush Nazarpour could have been meaning to suggest that "the most beneficial to our shareholders" would ever mean A Potential Hit Of Upwards of 33% Equity Dilution Going Forward?
The VoltaXplore investment enterprise ultimately issuing VoltaXplore balance sheet debt and issuing VoltaXplore class A shares to boot, the remaining apportioned amount (45%) of which and the determined per share value of which would quite favorably accrue to NanoXplore's balance sheet . . . Suffice to say that would be one particular most positive outcome to this VoltaXplore created financing package, a outcome which would be (to quote Mr. Nazarpour) "the most beneficial to our shareholders".
VoltaXplore has a $125 Million or 25% of the overall project build costs relating captital hole to fill with the required capital supporting the VoltaXplore initial 2GWh facility build.
As agreed to by Martinrea International, the totality of VoltaXplore is deemed to have been worth $20 Million.
Granted that $20 Million valuation amount has definitely been boosted, due in large part to the Heavy Commerical Vehicles manufacturer since providing VoltaXplore with a 1GWh manufacturing capacity offtake purchase agreement and perhaps (hence the delay, I speculate) a commitment to in part or in whole provide a $125 credit facility supporting the VoltaXplore build, on what terms and which OEM is involved, we don't know and would have to guess (perhaps The Lion Electric Company or Volvo Group's Trucks & Buses or . . .?
Perhaps another 1GWh manufacturing capacity offtake purchase agreement is being finally consummated and that too is what is delaying the $125 Million equity issuance in return for the remaining 25% of overall project capital required.
After the recent bottoming of the NanoXplore share price, perhaps another NanoXplore/VoltaXplore news release about another offtake agreement being provided for VoltaXplore is soon to hit the press, so to speak?