As Rory mentioned in the video yesterday Tumim did a deal with Nikola Corp. Had to look it up.
Nikola Corp market cap is $3.76B
Nikola Executes Second Purchase Agreement with Tumim Stone Capital, Bringing the Total to $600 Million
https://nikolamotor.com/press_releases/nikola...illion-133
PHOENIX. September 27, 2021— Nikola Corporation (NASDAQ:NKLA) and Tumim Stone Capital LLC (Tumim) have entered into a second $300 million common stock equity line purchase agreement, providing Nikola the right to issue and sell to Tumim up to $600 million of Nikola's common stock in aggregate, subject to certain conditions and limitations.
“ The equity lines with Tumim, together with estimated cash and cash equivalents, will provide Nikola with access to approximately $800 million of liquidity at the end of 2021 ,” said Nikola CEO Mark Russell. “We believe this will provide ample liquidity for Nikola to fund our stated operational milestones through the end of 2022, which include the commercial delivery of BEV trucks as well as the start of road release and pilot testing of FCEV trucks.”
https://nikolamotor.com/press_releases/nikola...illion-133
They also did a deal with...
AEye Announces Common Stock Purchase Agreement With Tumim Stone Capital for up to $125 Million
https://www.businesswire.com/news/home/202112...25-Million
I saw some other public deals, but not a lot. I like that they are very picky what they invest in. I also like that they were already invested in Verb before going in big time.
Was thinking one option Verb has would be to break out Market and Verb.TV from the rest of the business and show one is or soon to be profitable and the other in early state hypergrowth. At some point I believe they will spin off or at least create a sub as Market & Verb.TV massive growth potential may possibly overshadow the rest. Rory is already talking about 'sides' of the business. Great problems to have vs some companies that only have one horse in the race.
Nikola Corp market cap is $3.76B
Nikola Executes Second Purchase Agreement with Tumim Stone Capital, Bringing the Total to $600 Million
https://nikolamotor.com/press_releases/nikola...illion-133
PHOENIX. September 27, 2021— Nikola Corporation (NASDAQ:NKLA) and Tumim Stone Capital LLC (Tumim) have entered into a second $300 million common stock equity line purchase agreement, providing Nikola the right to issue and sell to Tumim up to $600 million of Nikola's common stock in aggregate, subject to certain conditions and limitations.
“ The equity lines with Tumim, together with estimated cash and cash equivalents, will provide Nikola with access to approximately $800 million of liquidity at the end of 2021 ,” said Nikola CEO Mark Russell. “We believe this will provide ample liquidity for Nikola to fund our stated operational milestones through the end of 2022, which include the commercial delivery of BEV trucks as well as the start of road release and pilot testing of FCEV trucks.”
https://nikolamotor.com/press_releases/nikola...illion-133
They also did a deal with...
AEye Announces Common Stock Purchase Agreement With Tumim Stone Capital for up to $125 Million
https://www.businesswire.com/news/home/202112...25-Million
I saw some other public deals, but not a lot. I like that they are very picky what they invest in. I also like that they were already invested in Verb before going in big time.
Was thinking one option Verb has would be to break out Market and Verb.TV from the rest of the business and show one is or soon to be profitable and the other in early state hypergrowth. At some point I believe they will spin off or at least create a sub as Market & Verb.TV massive growth potential may possibly overshadow the rest. Rory is already talking about 'sides' of the business. Great problems to have vs some companies that only have one horse in the race.
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