An anonymous director reports
BALLARD CLOSES US$402.5 MILLION BOUGHT DEAL OFFERING OF COMMON SHARES
Ballard Power Systems Inc. closed its previously announced bought deal offering of 20,909,300 common shares of the company at a price of $19.25 (U.S.) per common share for gross proceeds of $402,504,025 (U.S.), and which includes the exercise in full by the underwriters of their overallotment option to purchase up to an additional 2,727,300 common shares at the offering price.
National Bank Financial Inc. and Raymond James Ltd. acted as joint book runners for the offering, with a syndicate of underwriters which included Cormark Securities Inc. and TD Securities Inc.
About Ballard Power Systems Inc.
Ballard Power Systems' vision is to deliver fuel-cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks.
© 2021 Canjex Publishing Ltd. All rights reserved.