subject: Qtww, Pink:ssho, & Fcel: Qtww Completes $10.9 Million Private Placement Of Common Stock [print this page] Quantum Fuel Systems (NasdaqGM: QTWW) Quantum Fuel Systems (NasdaqGM: QTWW)
Quantum Fuel Systems Technologies Worldwide is a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantums wholly owned subsidiary, Schneider Power Inc., complements Quantums emerging renewable energy presence through the development and ownership of wind and solar farms. Quantum's portfolio of technologies includes electronic controls, hybrid electric drive systems, hydrogen storage and metering systems, and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and natural gas vehicles.
Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, dealer networks, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
Quantum Fuel Systems has recently reported that it has completed the final tranche of a private placement offering of Common Stock Units with certain accredited investors at a price of $550.00 per Unit resulting in gross proceeds of approximately $10.9 million. Each Common Stock Unit consisted of 1,000 shares of common stock and a five-year warrant to purchase up to 200 shares of common stock. The private placement offering was closed in several tranches beginning on April 30, 2010. Under the offering, Quantum issued a total of approximately 19.7 million shares of common stock, warrants to the investors to purchase up to approximately 3.9 million shares of common stock and warrants to the placement agent to purchase up to approximately 2.4 million shares of common stock. All of the warrants have an exercise price of $0.91 per share. The proceeds, net of placement agent fees and expenses, will be used for general working capital purposes. JP Turner& Company, L.L.C. acted as placement agent for the transaction.
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South Shore Resource (Other OTC: SSHO.PK)
Last: $0.25
Recent News: South Shore Resources Inc. Conducts Independent Third Party Evaluation
South Shore Resources is a company engaged in the development of products which are committed to the reduction of harmful greenhouse gases and fuel savings with use of Hydrogen Generating Modules and related accessories to the transportation and automotive industries which are either in development and/or the commercialization stages.
SSHO welcomes and supports the ideas of the new national greenhouse gas auto emission and efficiency standards to be implemented in the United States and Canada. With these standards in place, this will improve our quality of life through the methods of transportation.
SSHO announced that it has conducted independent third party evaluation, testing and verification of the HyProStar Series of Hydrogen Generating Modules.
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FuelCell Energy, Inc. (Nasdaq:FCEL)
DFC fuel cells are generating power at over 50 locations worldwide. The Company's power plants have generated over 500 million kWh of power using a variety of fuels including renewable wastewater gas, biogas from beer and food processing, as well as natural gas and other hydrocarbon fuels. FuelCell Energy has partnerships with major power plant developers and power companies around the world. The Company also receives funding from the U.S. Department of Energy and other government agencies for the development of leading edge technologies such as fuel cells.
FuelCell Energy a leading manufacturer of high efficiency ultra-clean power plants using renewable and other fuels for commercial, industrial, government, and utility customers announced today that the underwriters of the Company's public offering of 24.0 million shares of common stock have closed on their over-allotment option to purchase an additional 3.6 million shares of FuelCell Energy common stock and have concluded the offering. The additional aggregate net proceeds to FuelCell Energy from the over-allotment option totaled approximately $4.2 million after deducting underwriting discounts, fees and expenses. FuelCell Energy intends to use the net proceeds from this offering for product development, project financing, expansion of manufacturing capacity, and general corporate purposes. Lazard Capital Markets LLC acted as the sole book-running manager and Canaccord Genuity Inc. was co-manager for the offering.
FuelCell Energy Announces the Exercise of the Public Offering of Common Stock Over-Allotment
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