By Devika Patel
Knoxville, Tenn., Sept. 8 - Quantum Fuel Systems Technologies Worldwide, Inc. said it settled a $12.3 million private placement of units.
The company sold units at $612 per unit. Each unit consists of one 1,000 common shares and a warrant for 100 shares. The warrant is exercisable at $0.85 for five years.
JP Turner & Co., LLC was the agent.
Quantum is an engineering company based in Irvine, Calif.
| Issuer: | Quantum Fuel Systems Technologies Worldwide, Inc.
|
| Issue: | Units of 1,000 common shares and a warrant for 100 shares
|
| Amount: | $12.3 million
|
| Price: | $612
|
| Warrants: | One warrant for 100 shares per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.85
|
| Agent: | JP Turner & Co., LLC
|
| Settlement date: | Sept. 8
|
| Stock symbol: | Nasdaq: QTWW
|
| Stock price: | $0.81 at close Sept. 4
|
| Market capitalization: | $77.6 million
|
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