Ballard Power announces bought deal offering of US$250 mln of common shares
• Ballard Power Systems has entered into an agreement with a syndicate of underwriters pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 12,988,000 common shares of the company at a price of US$19.25/share for gross proceeds of US$250,019,000.
• The company intends to use proceeds to further strengthen the balance sheet, thereby providing additional flexibility to fund its growth strategy, including through activities such as product innovation, investments in production capacity expansion and localization, future acquisitions, and strategic partnerships and investments.
Ballard doet Plug even na.