New Issue: Quantum Fuel Systems seals $3.92 million private placement of units

By Devika Patel

Knoxville, Tenn., Aug. 7 - Quantum Fuel Systems Technologies Worldwide, Inc. settled a $3.92 million private placement of units on Aug. 3, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company sold about 6,400 units at $612.09 per unit. Each unit consists of one 1,000 common shares and a warrant for 100 shares. The warrant is exercisable at $0.85 per share until Aug. 3, 2014.

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 100 shares
Amount:	$3,922,555
Units:	6,400 (approximate)
Price:	$612.09
Warrants:	One warrant for 100 shares per unit
Warrant expiration:	Aug. 3, 2014
Warrant strike price:	$0.85
Pricing date:	Aug. 3
Stock symbol:	Nasdaq: QTWW
Stock price:	$0.70 at close Aug. 3
Market capitalization:	$65.1 million

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