Paul, Weiss, Rifkind, Wharton & Garrison LLP represented the underwriters in the offering.
Vancouver-based Ballard Power Systems Inc. executed its registered offering of 14,870,000 common shares in the United States and Canada, generating gross proceeds of $550 million.
The underwriters in the offering included TD Securities Inc. and National Bank Financial Inc, BMO Nesbitt Burns Inc., CIBC World Markets Inc., Raymond James Ltd. and Cormark Securities Inc.
Ballard’s vision is to deliver fuel cell power for a sustainable planet. Ballard’s zero-emission fuel cell power products are enabling the electrification of mobility and transportation, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks.
The Paul, Weiss team advising the underwriters included corporate partner Christopher Cummings (Picture); tax partner David Mayo; and environmental counsel Bill O’Brien.
Law Firms: Paul Weiss Rifkind Wharton & Garrison;