Removal of elephant in the room
Nanoco’s planned raise of £8.6m (subject to approval) should remove a major constraint on the company’s ability to execute its strategy. The balance sheet strength should support customer negotiations at both the developmental level and as it moves towards volume shipments. The ability to attract and retain good staff and the ability to monetise and protect its IP both in display and beyond should also benefit, albeit at the expense of 20% dilution.
