This announcement is likely the first in a series of "company making" announcements to do with iM3NY battery certification and first revenues, iM3NY expansion & offtakes, iM3NY funding (including the new investors that HSBC are presently seeking and potentially also US Government grants / loans), AAM funding, Nachu funding, etc.
Over the next month or so, we should also see the market price at levels which will encourage the conversion of the 78m of $0.50 options = $39m additional cash.
Whilst funding is absolutely required for all of their business plans, it does not necessarily mean that there is an imminent capital raise coming. Indeed, there is no reason why MNS would not go down the partnership route with the AAM and Nachu rather than an equity raise at these share price levels - far less dilutive. With the Tesla offtake, this is now a very real possibility (if not warming up to become a probability).
The next three months will be transformative IMO.
MNS Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
(20min delay)