VANCOUVER, BC, Nov. 27, 2020 /CNW/ - Ballard Power Systems
(NASDAQ: BLDP) (TSX: BLDP) today announced the closing of the
previously announced bought deal offering of 20,909,300 common
shares of the Company (the "Common Shares") at a price of
US$19.25 per Common Share (the
"Offering Price") for gross proceeds of US$402,504,025 (the "Offering"), and which
includes the exercise in full by the underwriters of their
over-allotment option to purchase up to an additional 2,727,300
Common Shares at the Offering Price.
National Bank Financial Inc. and Raymond James Ltd. acted as
joint bookrunners for the Offering, with a syndicate of
underwriters which included Cormark Securities Inc. and TD
Securities Inc.
About Ballard Power Systems
Ballard Power Systems'
(NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for
a sustainable planet. Ballard zero-emission PEM fuel cells are
enabling electrification of mobility, including buses, commercial
trucks, trains, marine vessels, passenger cars and forklift trucks.
To learn more about Ballard, please visit www.ballard.com.
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SOURCE Ballard Power Systems Inc.