UQM Technologies Inc. (NYSE MKT: UQM) today announced that it has
entered into definitive agreements with institutional investors to
purchase in a registered direct offering an aggregate of 8.0 million
units for a total purchase price of approximately $6.4 million ($0.80
per unit). Each unit consists of one share of UQM common stock and 0.5
of a warrant. Each warrant gives the warrant holder the right to
purchase one share of UQM common stock at a price of $1.31 for a period
beginning six months from the date of issuance through the fifth
anniversary of the date of issuance. The closing of the offering is
expected to take place on or about October 30, 2015, subject to the
satisfaction of customary closing conditions.
See full press release
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