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Friday, Oct 4
Ballard Power down big premarket on 9M-unit offering
- Ballard Power (BLDP) -8.6% premarket after announcing a public offering of 9M units at $1.40/unit, a 13.5% discount to yesterday's closing price.
- Each unit in the offering is comprised of one common share and 0.25 of a warrant to purchase one common share.
- BLDP says proceeds will be used to fund working capital requirements, support continued growth and for other general corporate purposes.