Ann: Trading Halt, page-162

No, just a little pun for the gap theorists

From ConcerndCitizen's notes on the November AVZ meeting (Post 29228687)


3. They expect to run out of money in "April/May/June" and unless Huayou exercise their $18.6m in options, a CR will be required. The additional 10% placement facility was removed from the agenda to appease Huayou's concerns about diluting their holding. AVZ still has the capacity to raise ~$55m. Nigel mentioned if Huayou (or anyone else) wanted $15m of this hypothetical raise, they can expect to pay market price, but if they took out the full $55m, they would be given a discount.

Things likely have changed since then and this CR may involve a new strategic partner:
Apple
BMW
CATL
Daimler
Elon Musk
Ford
Ganfeng
Huayou
....
(None confirmed)

Cheers