- Ballard (NASDAQ:BLDP) expects to grant the underwriters of the offering a 30-day option to purchase up to an additional 15% of the common shares offered in the offering to cover overallotments, if any.
- The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
- Update: The offering will consist of 8,125,000 common shares at a price of $1.60 per share, for gross proceeds of approximately $13M.
- Net proceeds, after deducting discounts and expenses, are expected to be approximately $11.8M.