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Sparks commentary

TMT

Sparks

Nanoco (LSE:NANO) settles LG litigation for $5m
Published by Finlay Mathers
Nanoco has agreed a $5m settlement with LG Electronics to resolve their litigation dispute, providing a significant cash boost to the quantum dot specialist. The no-fault agreement nets Nanoco $4.4m after legal costs of $0.6m.
What’s going on here?
Nanoco announced a litigation settlement with LG Electronics for $5m gross, resolving their dispute without admission of fault by either party. The company incurred $0.6m in litigation costs, leaving net proceeds of $4.4m. Other settlement terms remain confidential, according to the regulatory filing.
What does this mean?
The settlement removes a significant overhang for Nanoco while strengthening its cash position. However, with this litigation cash added to existing reserves, the market appears to be valuing Nanoco’s operational businesses at close to zero. The company retains its joint development agreement work, sensing manufacturing opportunities and valuable IP portfolio.
Why should I care?
The settlement provides Nanoco with additional runway to develop its cadmium-free quantum dot technology and sensing applications. Current market valuation suggests investors are pricing in a very pessimistic scenario, potentially overlooking the value in the company’s ongoing JDA work, manufacturing facilities and patent portfolio.
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