Akkusopimusta neuvoteltu uudelleen Panasonicin kanssa.
Hexagon Purus Systems USA LLC and Panasonic have today signed an amended supply agreement. Amongst other, the parties have agreed to reduce the outstanding pre-payment amount of USD 34.4 million to USD 12.9 million.
Kaksi vaihtoehtoa.
- Akut ovat halventuneet tai
- Tilattavat määrät ovat kutistuneet
Tiedän, että länsimaiset toimijat joutuvat edelleen maksamaan akuista preemiota, joten epäilen, että oikea vastaus on 2.
Ensimmäiset Tern-akkurekkakaupat on tehty, arvo 5,5 miljoonaa. BVI-puoli on kyllä kaukana tuottavasta toiminnasta, mutta sitä minä pelkäsinkin.
Ja sitten rahoitusta varmistellaan:
Hexagon Purus ASA: Contemplated private placement and trading update
October 30, 2024 - Stock Exchange Release
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Hexagon Purus ASA (“Hexagon Purus” or the “Company”) has retained ABG Sundal Collier ASA as Global Coordinator and Joint Bookrunner, and Arctic Securities AS and Danske Bank, Norwegian Branch as Joint Bookrunners (together, the “Managers”) to advise on and effect a private placement of new ordinary shares in the Company (the “Offer Shares”) to raise gross proceeds of approximately NOK 1,000 million (the “Private Placement”). The offer price per Offer Share in the Private Placement (the “Offer Price”) and the final number of Offer Shares to be issued will be determined by the Company’s Board of Directors (the “Board”) on the basis of an accelerated book-building process conducted by the Managers.
The net proceeds from the Private Placement will be used to finance the Company’s business plan and are intended to fully fund the company well past the point of cash flow break-even. With the multi-year capacity expansion program close to completion, the Company now has sufficient capacity to cover the expected growth over the next few years. The Company’s focus for the coming years will be to optimize the utilization of existing capacity, drive operational improvements and profitability, and minimize further capital spend.
The following investors (the “Pre-committing Investors”) have undertaken to apply for and will be allocated Offer Shares in the following approximate amounts:
Hexagon Composites ASA: NOK 383 million
Mitsui & Co., Ltd.: NOK 250 million
The following members of the executive management team will subscribe for Offer Shares in the Private Placement in the following amounts:
Morten Holum, CEO: NOK 500,000
Salman Alam, CFO: NOK 500,000
Michael Kleschinski, EVP Hydrogen Mobility & Infrastructure: NOK 300,000
Todd Sloan, EVP Battery Systems & Vehicle Integration: NOK 300,000
Anne Lise Hjelseth, EVP People & Culture: NOK 300,000
Heiko Chudzick, EVP Operations: NOK 200,000
In order to facilitate preparations for the listing of the Offer Shares in Tranche 2 (as defined below) and a potential Subsequent Offering (as defined below), the Board of Hexagon Purus has decided to move the reporting date for the Company’s Q3 2024 quarterly report to 28 November 2024. In the absence of Q3 2024 reporting in the near term, Hexagon Purus has decided to provide the below preliminary, estimated and unaudited figures for Q3 2024. The figures reflect estimates as of the date hereof and may be subject to change:
Q3 2024 revenue of approximately NOK 544 million. In the quarter, revenue from the Hydrogen Infrastructure & Mobility (HMI) segment amounted to approximately NOK 514 million, while revenue from the Battery Systems & Vehicle Integration (BVI) segment amounted to approximately NOK 29 million
Q3 2024 EBITDA of approximately NOK -51 million. In the quarter, EBITDA in the HMI segment amounted to approximately NOK 11 million, while EBITDA in the BVI segment amounted to approximately NOK -21 million
Q3 2024 cash flow from operations of approximately NOK -115 million
Ending Q3 2024 cash balance of approximately NOK 269 million
Ending Q3 2024 firm order backlog of approximately NOK 913 million
The preliminary, estimated and unaudited figures for Q3 2024 stated above includes the effect of the reimbursement payment from Daimler Truck North America as mentioned in the stock exchange release issued by the Company on 4 October 2024. The Company maintains its financial guidance for 2024 and still expects revenue growth of at least 50% year-over-year for 2024, and a significant year-over-year
improvement in the Company’s EBITDA margin. For 2025, based on preliminary estimates, the Company expects revenue growth of at least 50% year-over-year and continued significant improvement in EBITDA margin. The Company expects to reach EBITDA break-even and be cash flow positive during 2026.