Nano One - 220 MM shares outstanding in 2025 Seems scary right? 220 million shares outstanding in 2025. Implying all current shares are diluted by doubling the outstanding share count. Possibly at these low current share prices.
Many people fear this as a worst case scenario.
But just think what having ~$80MM CAD cash today would mean. That's if they did at capital raise of 110 MM shares at today's price of $0.71 CAD.
We would have a huge runway to keep the doors open and be able to participate in the JV as a minority owner/operator. And we would ensure the first license deal with Nano from the JV plant. And that's an absolute worst case scenario?
So buying today at $0.71 you should accept a worst case scenario that shares outstanding double in the near term. Essentially accept that any share you buy today have an effective strike price of ~$1.40 CAD.
Admitedly, this is not a good scenario for existing share holders. But dilution is a real reality today with our current cash flow situation. And something has to give in order to get us into the game (i.e., to become a partner with SMM on a 25,000 TPA LFP facility in Ontario and get Nano a first licensing deal).
If this doubling of our share count in a dilutive capital raise at today's price truly got us into a plant with SMM and showed the government we are serious, it would be worth the dilution. In fact, the government would be putting up about the same amount or more as a grant so in fact the outcome to shareholders is not as bad as it might seem.
And this is a worst case dilution scenario and to me it's not all that bad all things considered. And definitely it's not that bad for people buying today at $0.70.
good luck to all the longs.