UQM Technologies announces $5.3M registered direct offering UQM Technologies announced that it has entered into definitive agreements with institutional investors to purchase an aggregate of approximately $5.3M of its common stock in a registered direct offering at a price of $1.85 per share. In addition, for each share of common stock purchased, investors will receive a warrant to purchase 0.5 of a share of UQM common stock with an exercise price of $2.1275 per share, which warrants shall be exercisable six months from the date of issuance and expire four years and six months from the date of issuance. The closing of the offering is expected to take place on or about February 5 subject to the satisfaction of customary closing conditions.
UQM Technologies receives fuel cell compressor system orders from Ballard UQM Technologies (UQM) announced that it has received the expected follow-on orders for fuel cell compressor modules from Ballard Power Systems (BLDP). These compressor modules are a key component in hydrogen powered fuel cell systems used worldwide in Ballard's bus applications. The UQM R410 fuel cell compressor system is designed for up to 150kW fuel cell stacks.