It will be really interesting what M&A candidate Novus and the junior noteholders approve..
Basically, VIVK and Casale have the keys to commercialize the catalyst technology for the chemical industry. I still suspect they need a long term catalyst partner to scale the tech. QSIM gets a piece of this pie via royalties and VIVK equity.
The transaction specifically outlines that no IP related to fuel cells, battery, electrochemical are part of this deal. Originally, QSIM management was looking to sell this tech thinking commercialization was more difficult, rather the catalyst business is spun out, probably due to resources required which QSIM does not have.
So, are the noteholders looking to acquire a totally unrelated business or is their fuel cell or battery partnerships that can leverage the technology in a publicly traded entity?
Seems like with QSIM quiet the noteholders are revealing a plan that likely has been in works since last year.
Will be interesting to see what value is unleashed..
