Ballard Announces Pricing of U.S. Offering
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Ballard Power (BLDP) 8.13M Offering of Common Stock Prices at $1.60/Share
July 1, 2015 8:10 AM EDTBallard Power Systems (NASDAQ: BLDP) has announced that it has priced an underwritten offering ("Offering") of 8,125,000 common shares at a price of U.S. $1.60 per share, for gross Offering proceeds of approximately U.S. $13.0 million.
The net proceeds to Ballard from the Offering are expected to be approximately U.S. $11.8 million, after deducting underwriting discounts, commissions and other estimated Offering expenses. The Offering is expected to close on or about July 7, 2015, subject to customary closing conditions.
Ballard has also granted the underwriters of the Offering a 30-day option to purchase... More
