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.

Contact

Mike Townley
Head of Investment Banking

612.326.1313

Email Mike
 

Dave McDonald
Head of Life Science Investment Banking

612.326.1268

Email Dave

 

Tim Klein

Investment Banking

612.260.6173

Email Tim

 

Rob Martin

Investment Banking

612.260.5850

Email Rob

 

Steve Rickman

Investment Banking

612.326.1985

Email Steve