Ballard Power Systems Inc.

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Ballard Power Systems Inc.
For more information regarding this transaction contact:
  • Mike Townley Investment Banking 213.536.0241

Ballard Power Systems Inc.

Lake Street is pleased to announce it served as co-managing underwriter for Ballard Power Systems Inc. (NASDAQ: BLDP), a clean energy company focused on the development and commercialization of fuel cell technology, in its registered direct offering of 10,350,000 units at $1.40 per unit.  Each unit consisted of one common share and 0.25 of a warrant to purchase one common share.  Gross proceeds totaled $14.5M.

About Ballard Power Systems Inc.

Headquartered in Burnaby, British Columbia, Ballard engages in the design, development, manufacture, sale and service of fuel cell products for a variety of applications, focusing on motive and stationary power.  The Company also develops methanol and hydrogen fueled clean energy backup power systems, as well as provides engineering services for various fuel cell applications.


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