{"id":389072,"date":"2020-11-27T09:35:15","date_gmt":"2020-11-27T14:35:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389072"},"modified":"2020-11-27T09:35:15","modified_gmt":"2020-11-27T14:35:15","slug":"ballard-closes-us402-5-million-bought-deal-offering-of-common-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/","title":{"rendered":"Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n VANCOUVER, BC<\/span>, Nov. 27, 2020<\/span> \/PRNewswire\/ – 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<\/span> per Common Share (the “Offering Price”) for gross proceeds of US$402,504,025<\/span> (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.<\/p>\n

\n

\n
\n \"Ballard
\n <\/a>\n <\/p>\n<\/p><\/div>\n

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.<\/p>\n

\n About Ballard Power Systems
<\/b>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<\/a>.<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares-301181196.html<\/a><\/p>\n

SOURCE Ballard Power Systems Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire VANCOUVER, BC, Nov. 27, 2020 \/PRNewswire\/ – 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 SystemsBallard Power Systems’ (NASDAQ: BLDP; TSX: … <\/p>\n

Continue reading “Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-389072","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBallard Closes US$402.5 Million Bought Deal Offering of Common Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VANCOUVER, BC, Nov. 27, 2020 \/PRNewswire\/ – 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 SystemsBallard Power Systems’ (NASDAQ: BLDP; TSX: … Continue reading "Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-27T14:35:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1343591\/Ballard_Power_Systems_Inc__Ballard_Closes_US_402_5_Million_Bough.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares\",\"datePublished\":\"2020-11-27T14:35:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\\\/\"},\"wordCount\":191,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1343591\\\/Ballard_Power_Systems_Inc__Ballard_Closes_US_402_5_Million_Bough.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\\\/\",\"name\":\"Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1343591\\\/Ballard_Power_Systems_Inc__Ballard_Closes_US_402_5_Million_Bough.jpg\",\"datePublished\":\"2020-11-27T14:35:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1343591\\\/Ballard_Power_Systems_Inc__Ballard_Closes_US_402_5_Million_Bough.jpg\",\"contentUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1343591\\\/Ballard_Power_Systems_Inc__Ballard_Closes_US_402_5_Million_Bough.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/","og_locale":"en_US","og_type":"article","og_title":"Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares - Market Newsdesk","og_description":"PR Newswire VANCOUVER, BC, Nov. 27, 2020 \/PRNewswire\/ – 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 SystemsBallard Power Systems’ (NASDAQ: BLDP; TSX: … Continue reading \"Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-27T14:35:15+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1343591\/Ballard_Power_Systems_Inc__Ballard_Closes_US_402_5_Million_Bough.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares","datePublished":"2020-11-27T14:35:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/"},"wordCount":191,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1343591\/Ballard_Power_Systems_Inc__Ballard_Closes_US_402_5_Million_Bough.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/","name":"Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1343591\/Ballard_Power_Systems_Inc__Ballard_Closes_US_402_5_Million_Bough.jpg","datePublished":"2020-11-27T14:35:15+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/#primaryimage","url":"https:\/\/mma.prnewswire.com\/media\/1343591\/Ballard_Power_Systems_Inc__Ballard_Closes_US_402_5_Million_Bough.jpg","contentUrl":"https:\/\/mma.prnewswire.com\/media\/1343591\/Ballard_Power_Systems_Inc__Ballard_Closes_US_402_5_Million_Bough.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/389072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=389072"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/389072\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=389072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=389072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=389072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}