Bookrunner Craig-Hallum Capital Group helps fund corporate purposes
By Devika Patel
Knoxville, Tenn., Feb. 14 - Quantum Fuel Systems Technologies Worldwide, Inc. priced a $14.45 million public sale of stock with a $2.17 million greenshoe, according to a prospectus supplement filed Friday with the Securities and Exchange Commission. The deal was announced Thursday.
The company will sell 2.05 million common shares at $7.05 apiece. The price per share is an 11.32% discount to the Feb. 13 closing share price of $7.95.
Craig-Hallum Capital Group is the bookrunning manager.
Settlement is expected Feb. 20.
Proceeds will be used for general corporate and working capital purposes.
Quantum is an engineering company based in Irvine, Calif.
| Issuer: | Quantum Fuel Systems Technologies Worldwide, Inc.
|
| Issue: | Common shares
|
| Amount: | $14,452,500
|
| Greenshoe: | $2,167,875
|
| Shares: | 2.05 million
|
| Price: | $7.05
|
| Warrants: | No
|
| Bookrunner: | Craig-Hallum Capital Group
|
| Announcement date: | Feb. 13
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 20
|
| Stock symbol: | Nasdaq: QTWW
|
| Stock price: | $7.95 at close Feb. 13
|
| Market capitalization: | $148.63 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
