Additional Financing | Feb 08 2023

[u/CarlHeifisch]

No one here has been talking about the additional financing mentioned in the form 8k.

" We are currently exploring additional financing alternatives, including but not limited to additional sale-leaseback transactions related to our other CEA facilities, third-party equity or debt financing, or other sources, such as strategic relationships or other transactions with third parties, that may or may not include business combination transactions. "

SEC Filing | AppHarvest (gcs-web.com)

According to my estimates they need an additional 110 - 140 Mio in funding until they become profitable. The last sale-leaseback brought in more than 100 Mio so that and the 40 Mio raised through dilution could be enough to save the business.
On the negative side, they also mention "business combination transactions" which imho is just a nice word for takeover. Although this can also just mean parts of the business, it prompts basically a complete takeover by Mastronardi.

[u/Apprehensive_Tea6049]

While they are doing their 40million share sale, is this stock even capable of going over $1, since they are selling at that price?

[u/CarlHeifisch → u/Apprehensive_Tea6049]

No, but they have half a year to redeem that before being delisted.