After partnering with Aston Martin to fund development of the Valkyrie, Swiss firm Nebula is seeking £150 million in damages from the British marque:
Last year, Aston claimed against Nebula for around £15 million for the nonpayment of deposits that it had collected for Valkyrie sales, which Aston alleges it failed to hand over.
Nebula also indicated that it is prepared to work with Aston again if it keeps its commitments, but Stroll, who had long known what was coming and who has long been bullish about his chances of having his day in court, doesn’t appear to be remotely interested. With the court cases live, he has to choose his words carefully, saying: “We are confident in our legal position and believe their counterclaims are retaliatory and without merit.
This really matters to Aston, because even after its recent fund-raising round – which has diminished Aston’s value to the point that one share is now worth about 2.5% of its launch valuation in 2018 – Aston’s finances remain precarious, its reduced debt burden still significant enough to be a millstone and its cashflow in the spotlight.
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