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written by reader Sila Nanotechnologies

By brad0995, January 12, 2022

I have been looking every day to see when Sila Nanotechnologies goes public, as I don’t have an extra $100K to buy pre ipo. I see someone posting that they have gone public, but its not in the NYSE. They say the ticker is OJXL… Sila Holdings.(Sure this isn’t what I’m looking for. Where is the best place to look and find out when they are planning or go public… ideally it would be nice to know before hand… appreciate any help. For those of you that don’t know about Sila Nanotechnologies, it is what Everyone is talking about with the ” 12 million mile battery, employee #7 from Tesla, Black magic material” that allows batteries to be lighter & hold more of a charge as well as allowing for a quicker charge. If you have any information or thoughts, I would appreciate all thoughts!!

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Travis Johnson, Stock Gumshoe
January 13, 2022 9:40 am

Sila Nanotechnologies does have cool-sounding technology, and they have their initial batteries out in the real world in Whoop wearables, but they remain privately held. Even the sites that buy Google ads promising you can “buy private shares pre-IPO” for Sila or other hot stories are very, very unlikely to actually have shares available to sell at a rational price.

Sila Holding is a Bulgarian penny stock that has no relation to Sila Nanotechnologies.

People ask about this company almost every day, largely because the technology is being teased so heavily by Paul Mampilly and others, but those teases are essentially “bait and switch” newsletter ads — this is how I envision that sales interaction going:

“This is an amazing thing I’ll tell you about if you subscribe!”

“Thanks for subscribing, here’s your special report.”

“Oh, wait, you thought you could invest in it today? No, not really. But we like Sila Nanotechnologies so we might recommend it when it goes public, and in the meantime here are these other plays on the EV space that we recommend.”

Pretty much every SPAC tried to get Sila to go public, and they will very likely go public someday when they have enough employees for it to matter, or if they need to raise a lot more capital to scale up their manufacturing, but it is extremely easy for them to raise private money right now from venture capital companies and other institutional investors (they raised $590 million from six funders just a year ago to fund factory construction), and they have resisted the siren song of the public markets so far. Perhaps because they saw what a wild disruption it was for Quantumscape (QS), operating in the same space but with a different technology and strategy, to go public through a SPAC and live through the boom and bust cycles before they have real revenue. If you’re trying to actually get something done as an innovative startup, being public can be a huge distraction for management.

That itching you’re feeling to buy is understandable, given all the hype around the company, but there has never been a hugely successful company that was a great long-term investment that didn’t give plenty of opportunities to buy the stock along the way. They’ll very likely to public at some point in the next couple years, and the stock will very likely go through ups and downs and present some opportunities, and venture capital money and private investing capital is so freely given right now that the valuations of pre-public companies are sometimes even higher than the price they’re able to get after they go public in an IPO.

It’s an extremely competitive marketplace, with hundreds of companies and labs developing next-generation batteries that they hope will power the vastly larger number of electric vehicles in 2028 or 2030 or 2040, and we’re going to see a lot of change in the next few years. I’m keeping half an eye on Sila, and Quantumscape, and Solid Power, and Ilika, but there are also hundreds of others, including labs inside all the established battery companies and automotive companies and at every engineering school. Maybe Sila Nanotechnologies will be the best battery company in the world in five years, maybe it will be an afterthought.

It’s OK that we can’t participate today, there will almost certainly be opportunities in the future.

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Snes
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Snes
May 3, 2022 12:25 pm

Hi, Sila just bought a factory and plan to start production in second half of 2024.
The factory is located in Moses Lake, Washington and is the neighbor to REC Silicon.
This means that REC Silicon will be the supplier of silanegas and could be an indirect investment into Sila Nano.

https://www.forbes.com/sites/alanohnsman/2022/05/03/ex-tesla-engineer-building-silicon-anode-plant-as-us-amps-up-ev-battery-production/?sh=7ce8ef995885

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