Ballard increases bought deal offering of common shares

Vancouver, british columbia, nov. 24, 2020 (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 national bank financial inc. and raymond james ltd. (the "lead underwriters" and together with the syndicate of underwriters, the "underwriters"), to increase the size of its previously announced us$250 million bought deal offering. pursuant to the upsized deal terms, the underwriters have agreed to purchase, on a bought deal basis, 18,182,000 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$350,003,500 (the "offering").
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