Quantum Fuel cancels $6 million at-the-market equity sales agreement

Ascendiant Capital had sold 937,425 common shares for $1.9 million

By Devika Patel

Knoxville, Tenn., Sept. 18 - Quantum Fuel Systems Technologies Worldwide, Inc. terminated its $6 million at-the-market equity sales agreement with Ascendiant Capital Markets, LLC on Sept. 17, according to a prospectus supplement filed Wednesday with the Securities and Exchange Commission. The deal was arranged on Aug. 19.

The company sold 937,425 common shares under the agreement for $1.9 million.

Quantum Fuel is an engineering company based in Irvine, Calif.

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