Jun. 24 at 9:44 AM
$MAXN Bar them suddenly landing massive orders, they can now start importing, the factory’s sorted, and stock is rolling out + a buyback and selling later at a higher price (pie in the sky lol 😂); imo the least-worst option is dilution if TCL picks up the new shares — I.e keeps locking the float and softens the blow for us.
They could also do what Tonix is doing — an ATM shelf offering where shares are only issued when the price is decent, so dilution hits less if issued at a higher price. Another option is an institutional partnership under favourable terms. Or more convertible notes (they’ve already got a few ~
$100M worth expiring in the next few years), which would delay dilution.
TCL could also run-up through a catalyst and offload their remaining 9% stake (of the the ~59% they hold), though technically this would benefit TCL, not Maxeon if not directly reinvested.
They don’t have many routes left tbh — they’re already highly leveraged with regular debt.
NFA - any other ideas?
