Quantum Fuel (QTWW) Reports Exercise of Over-Allotment Option in Common Offering
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Quantum Fuel Systems (Nasdaq: QTWW) reports that the underwriters of its previously announced public offering of common stock and warrants have exercised their over-allotment option and purchased an additional 1,625,000 shares of the Company's common stock at the public offering price of $0.83 per share, less underwriting discounts and commissions.
Proceeds to the Company, net of underwriting discounts and commissions, will be approximately $1.2 million. The Company will use the net proceeds for general corporate purposes.)
Proceeds to the Company, net of underwriting discounts and commissions, will be approximately $1.2 million. The Company will use the net proceeds for general corporate purposes.)
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