Quantum Fuel Systems arranges $6 million at-the-market stock offering

Ascendiant Capital will sell up to $6 million shares from time to time

By Susanna Moon

Chicago, Aug. 19 - Quantum Fuel Systems Technologies Worldwide, Inc. entered into a $6 million at-the-market stock offering agreement with Ascendiant Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The company's stock (Nasdaq: QTWW) closed at $2.34 per share on Aug. 16.

Quantum Fuel is based in Irvine, Calif. and develops and produces natural gas fuel storage systems and vehicle system technologies, including engine and vehicle control systems and drivetrains.

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