New Issue: Quantum Fuel Systems settles C$5.36 million placement of equity units

By Devika Patel

Knoxville, Tenn., May 6 - Quantum Fuel Systems Technologies Worldwide, Inc. completed a $5.36 million private placement of units on May 6, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company sold 9,742 units at $550.00 per unit. Each unit consists of 1,000 common shares and a warrant for 200 shares. The warrant is exercisable at $0.91 for five years.

Quantum is an engineering company based in Irvine, Calif.

Issuer:	Quantum Fuel Systems Technologies Worldwide, Inc.
Issue:	Units of 1,000 common shares and a warrant for 200 shares
Amount:	$5,358,000
Units:	9,742
Price:	$550.00
Warrants:	One warrant for 200 shares per unit
Warrant expiration:	Five years
Warrant strike price:	$0.91
Settlement date:	May 6
Stock symbol:	Nasdaq: QTWW
Stock price:	$0.6398 at close May 6
Market capitalization:	$93.9 million

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