Ballard increases bought deal offering of common shares

Vancouver, british columbia, feb. 10, 2021 (globe newswire) -- ballard power systems ("ballard" or "the company") (nasdaq: bldp; tsx: bldp) today announced that, due to strong demand, it has agreed with a syndicate of underwriters led by td securities inc. and national bank financial inc. (collectively, the "underwriters"), to increase the size of its previously announced us$350 million bought deal offering (the "offering"). pursuant to the upsized deal terms, the underwriters have agreed to purchase, on a bought deal basis, 14,870,000 common shares of the company (the "common shares") at a price of us$37.00 per common share (the "offering price") for gross proceeds of us$550,190,000.
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