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Article: China BAK to Raise $20.6 Million in Registered Direct Offering.
- Article from:
- China Weekly News
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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China BAK Battery, Inc. ("China BAK" or "BAK") (NASDAQ:CBAK) announced that it has entered into definitive agreements with certain accredited investors to sell in a registered direct offering 5,790,000 units, each unit consisting of one share of common stock and a warrant to purchase 0.25 of a share of common stock, at a price of $3.55 per unit under its Form S-3 Registration Statement resulting in gross proceeds to the Company of approximately $20.6 million, before deducting placement agent fees and expenses of the offering. The warrants may be exercised at $3.90 per share. The warrants, if not exercised, will expire 24 months from the closing date.
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Article: China BAK Battery Awarded 'China Top Brand'.
PR Newswire;
September 13, 2007 ;
700+ words
... ... 13 /Xinhua-PRNewswire-FirstCall/ -- China BAK Battery, Inc. ("China BAK" or "BAK") , one of the largest manufacturers ... Quarantine of the People's Republic of China. China BAK is among the youngest and fastest-growing enterprises ...
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