HPQ Silicon Inc V.HPQ

What is the form of partership with Novacium?

[hilles]

If at the end a customer buy one ton of that powder for 1000$. How much will go in HPQ hands?
Is this 50-50?


Hilles

[madeinhemlo]

Most partnerships are 50-50 unless stated orherwise. 

[cashbag111]

HPQ has a 20% share of novacium,Bernard is the president of novacium and he has veto/finald say in novacium's affairs,plus hpq has a option to increase thier holdings,iirc

[Mostlyserious]

Where are these details published, especially the 20% shareholder holding full decision veto and the terms of the option?  That's important.  Thanks.

[Mostlyserious]

And if I remember correctly, Novacium was initially a partnership between 3 founders/shareholders.  And HPQ becoming an equal partner would make them 25% and not 20%.  But it doesn't have to be that way, you may be correct, I am just assuming based on simple math.

[Pandora]

I believe this was the start. Not sure if terms have changed since then: https://batteryindustry.tech/hpq-silicon-partners-with-the-french-start-up-novacium/

[Mostlyserious]

I believe there was something buried under the cautionary statements in a news release over the last couple of months where they talked about making good on the payment for their share.  Actually June 5, at the very bottom after references and cautionary statements. Then June 21st they clarified 20% ownership, so less than the three co-founders.  I incorrectly assumed 25% and

[TOCKY8008]

Repost here of mine from 23 June 2024 Here is a document, pdf, I found regarding the shares distribution of NOVACIUM SAS at it's creation in july 2022. Unfortunately its in french. And you have to work a little. If you go to that website,you will find infos on the company. Scroll down (page down 3 times) and click on "telecharger cet acte" On the second page of the document the

[TOCKY8008]

Here is a link adress  to the document. https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:01ecaa88-96d0-44e3-979f-61553da5820f TOCKY8008

[Mostlyserious]

Merci, but July 2022 has nothing to do with the structure today.  Bernard should explain it in plain language during the next interview instead of repeating some background information about batteries for n-th time.  I trust you will agree that it would be 5 mins well spent.

[TOCKY8008]

Well, The original share structure of Novacium puts HPQ at 20 % with one and only preferential share. Now after rereading NR of  5 June 2024 Pre-Commissioning of Fumed Silica Reactor Pilot Plant Underway Toward the end it says " The company announces that it has acquired rights lost in the Pact of Partners signed when the French company Novacium SAS was formed. The lost occurred

[TOCKY8008]

Disregard this part of my last post : "So yes HPQ ownership of Novacium should be more than 20%.For now the details of this partnership are somewhat unknown " It's 20% per June 21 2024  NR as stated by Mostlyserious.  TOCKY8008