It is crystal clear that there will be dilutions along the way. Operations will remain loss-making for a long time. If you are not prepared to stomach these, you should stay far away from Solar Foods.
For me personally, the participation of Fazer, GEA, and pension funds in the latest directed share issue (€4.85 per share) are signals that those following the company closely, as well as some “big money” players, see potential in the company and want to be part of this.