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Article: China BAK Announces Closing of a $20.6 Million Registered Direct Offering.
- Article from:
- China Weekly News
- Article date:
- November 10, 2009
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China BAK Battery, Inc. ("China BAK" or the "Company") (NASDAQ:CBAK) announced that it has closed a registered direct offering of 5,790,000 units, each unit consisting of a share of common stock and a warrant to purchase 0.25 of a share of common stock. The price of the securities sold was $3.55 per unit, for an aggregate purchase price of $20.6 million. Pursuant to subscription agreements between China BAK and the investors in this offering, the warrants may be exercised to purchase an aggregate of 1,447,500 shares of the Company's common stock at an exercise price of $3.90 per share. The warrants are exercisable for 24 months beginning on the ...
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Article: China BAK to Raise $16 Million in Registered Direct ...
PR Newswire;
August 22, 2008 ;
700+ words
... ... FirstCall/ -- China BAK Battery, Inc. ("China BAK" or "BAK") today ... million shares of its common stock at a price at ... The shares of common stock may only be offered ... 6548), or from China BAK (BAK Industrial ...
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