A123 Systems (AONE) announces that it entered an agreement with an existing institutional...

|About: A123 Systems, Inc. (AONEQ)|By:, SA News Editor

A123 Systems (AONE) announces that it entered an agreement with an existing institutional investor to sell 7.692M shares at $1.30 a pop. Separately, the company says it has satisfied conditions with senior note holders to release $30M of restricted cash that can now be used for general corporate purposes.