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A123 Systems, Inc. (AONEQ)

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AONEQ is defunct.
  • May. 28, 2013, 10:00 AM
    A123 Systems, now known as B456 Systems (AONEQ.PK) expects its Joint Plan of Liquidation to become effective at some point after June 10 and "upon the satisfaction or waiver of certain conditions precedent." Last week, B456 won court approval for its plan to exit bankruptcy by selling off its assets. Shares +4.35% but down from earlier highs. (8-K filing)
  • Oct. 22, 2012, 12:16 PM
    A123 Systems (AONE +54.6%) soars to a lofty $0.19 after China's Wanxiang Group files a 13-D waiving any right to exercise warrants to purchase A123 shares, or otherwise go through with its cancelled financing deal. Last week, Wanxiang said it still wants to acquire bankrupt A123, and announced plans to outbid Johnson Controls for A123's battery business. (also)
  • Oct. 18, 2012, 10:33 AM
    A123 (AONE +27.1%) shares roar higher after Wanxiang President Ni Pin says his company is still interested in taking over A123 despite the company filing for Chapter 11 this week and calling off its investment deal with the Chinese autoparts firm. Ni tells Bloomberg that the filing may make A123 more attractive. "Bankruptcy court is like a filter that lets a dirty big boy covered with mud go through it and turn himself into a clean boy," Ni says.
  • Oct. 16, 2012, 12:45 PM
    Midday top 10 gainers: NOOF +54%. DSTI +37%. INVE +31%. BCOM +17%. PAMT +16%. PRXI +16%. TRT +16.%. APPY +13%. ARL +12%. RLGT +11%. Top 10 Losers: AONE -75%. RATE -24%. OSG -22%. KFS -19%. ISIS -18%. VRML -18%. CLWR -15%. OCZ -11%. CMRE -11%. VIMC -10%.
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  • Oct. 16, 2012, 8:58 AM
    A123 Systems (AONE) officially files for bankruptcy protection. The electric car battery maker warned last night it might file for bankruptcy after defaulting on a loan payment. It remains to be seen how the filing affects A123's financing deal with China's Wanxiang Group. Shares -50% to $0.12.
  • Oct. 15, 2012, 7:02 PM
    A123 Systems (AONE) says that it may not have sufficient cash to fund operations and may need to seek bankruptcy protection. The company failed to meet interest payments on approximately $143M of its material debt agreements today, and as a result, expects to be in default by tomorrow. Shares -47% AH.
  • Sep. 11, 2012, 1:25 PM
    A123 Systems (AONE +26.7%) is soaring in the absence of major news yet again today. Shares are now up 50% on the week, though they're still changing hands at a paltry $0.30. It looks as if the shorts who control much of the electric car battery maker's float are booking some profits. (yesterday)
  • Sep. 10, 2012, 3:40 PM
    Shares of A123 Systems (AONE +15%) resume trading following a trigger-induced halt, reversing course in a squeeze on no significant news. The stock triggered short-sale restrictions throughout most of last week, in continuation of a move to the downside started in late August after GM announced it was temporarily halting Volt production.
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  • Sep. 5, 2012, 11:09 AM
    A123 Systems (AONE -7.3%) has plunged to new lows in the absence of major news. Shares have triggered short-sale curbs, but given they now trade at a paltry $0.224, brokers are probably reluctant to lend shares regardless. 19.6% of A123's float was shorted as of Aug. 15. A123 was hurt last week by news GM is temporarily halting production of the Chevy Volt.
  • Aug. 29, 2012, 4:52 PM
    A123 Systems (AONE -10.7%) crashed to a new low of $0.28 today in the absence of major news. Shares are now 40% below the level they traded at before A123 announced a giant and controversial financing deal with China's Wanxiang Group. The Street may be worried the deal will fall through due to political concerns, or will be dilutive to the point where existing shareholders are left with very little.
  • Aug. 23, 2012, 8:06 AM
    A123 Systems (AONE), which yesterday closed at $0.38, receives notice from Nasdaq that it will be delisted from the exchange unless its share price recovers to $1 and stays there for 10 consecutive business days within the next six months. A123's shares have suffered due to its worsening cash position following a battery recall and slow demand. Shares +5.5%.
  • Aug. 14, 2012, 2:32 PM
    A123 Systems (AONE -7.6%) tumbles after two Senators join a Congressman in questioning the company's $450M investment from China's Wanxiang Group. The White House has tried to soothe concerns by stating none of A123's DOE funds will go to building overseas facilities. Yesterday, A123 fell on news a Fisker Karma sedan, which uses A123's batteries, had caught fire. Fisker replaced its CEO today.
  • Aug. 9, 2012, 6:23 PM
    A123 Systems (AONE +22.6%) soared in late trading today to close at $0.613, a day after announcing a financing deal with China's Wanxiang Group that one estimate valued at $0.55/share. The rally came even though Congressman Cliff Stearns (R-FL) expressed his opposition to the deal, due to concerns about the DOE-backed battery maker's IP being owned by a Chinese company.
  • Aug. 8, 2012, 2:05 PM
    A123 Systems (AONE +8.7%) has given back the majority of its premarket gains, as investors examine the details of its financing deal with China's Wanxiang Group, which features a bridge loan, convertible notes, and warrants. Forbes' Tom Konrad estimates Wanxiang will be able to acquire an 80% stake in A123 at a price of $0.55/share, moderately above its current level of $0.51. (Q2 miss)
  • Aug. 8, 2012, 7:54 AM
    More on A123 (AONE) Q2: Chinese autoparts company Wanxiang Group plans to provide financing of up to $450M in A123, thereby significantly easing the company's funding crisis. Net loss widens to $82.9 from $55.4M a year earlier. Shares surge 23%. (PR)
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  • Jul. 27, 2012, 11:13 AM
    A123 Systems (AONE -18.4%) crumbles yet again after announcing Qualcomm CEO Paul Jacobs has resigned from the company's board, supposedly to focus more on his day job. But it might just be that investors are looking for a reason to sell in light of A123's perilous financial position.
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