VANCOUVER, BC, June 12, 2020 /PRNewswire/ - Ballard Power
Systems (NASDAQ: BLDP) (TSX: BLDP) (Ballard or the Company) has
announced the filing of a final short form base shelf prospectus
(Prospectus), which provides the flexibility to make offerings of
securities during the effective period of the Prospectus, until
July 2022. The final short form base
shelf prospectus has been filed further to the preliminary short
form base shelf prospectus, which was previously announced on
June 5, 2020.
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The Prospectus has been filed in each of the provinces and
territories of Canada and a
corresponding shelf registration statement on Form F-10
(Registration Statement) was also filed with the United States
Securities and Exchange Commission (SEC). These filings will enable
offerings of securities up to an aggregate initial offering price
of US$750 million at any time during
the 25-month period that the Prospectus remains effective. The
Registration Statement has been filed with the SEC, but is not yet
effective. Securities may not be sold nor may offers to buy be
accepted prior to the time the Registration Statement becomes
effective. After the Registration Statement becomes effective, a
copy of the Registration Statement and a copy of the Prospectus
contained therein can be obtained by contacting Ballard at 9000
Glenlyon Parkway, Burnaby, British
Columbia, V5J 5J8, Attention: Kerry
Hillier, Corporate Secretary. Copies of the Prospectus and
the Registration Statement are also available at www.sedar.com and
www.sec.gov, respectively.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities, nor will there be any
sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such
jurisdiction.
If any securities are offered under the Prospectus and/or
Registration Statement, the terms of any such securities and the
intended use of the net proceeds resulting from such offering would
be established at the time of any offering and would be described
in a Prospectus supplement filed with applicable Canadian
securities regulators and/or the SEC, respectively, at the time of
such an offering and would be made available by Ballard at the
above address.
About Ballard Power Systems
Ballard Power Systems'
(NASDAQ: BLDP) (TSX: BLDP) vision is to deliver fuel cell power for
a sustainable planet. Ballard zero-emission PEM fuel cells are
enabling electrification of mobility, including buses, commercial
trucks, trains, marine vessels, passenger cars, forklift trucks and
UAVs. To learn more about Ballard, please visit
www.ballard.com.
Some of the statements contained in this release are
forward-looking statements within the meaning of the U.S.
Securities Act of 1933, as amended, and U.S. Securities Exchange
Act of 1934, as amended, and forward-looking information within the
meaning of Canadian securities laws, such as statements that
describe the anticipated offering of securities under the Company's
Prospectus and Registration Statement, the future effectiveness of
the Company's Registration Statement, the filing of a Prospectus
supplement and other statements. Since forward-looking statements
are not statements of historical fact and address future events,
conditions and expectations, forward-looking statements by their
nature inherently involve unknown risks, uncertainties, assumptions
and other factors well beyond the Company's ability to control or
predict. Actual events, results and developments may differ
materially from those contemplated by such forward-looking
statements. Material factors that could cause actual events to
differ materially from those described in such forwarding-looking
statements include risks related to the Company's Registration
Statement not becoming effective, risks related to the Company's
condition requiring anticipated use of proceeds to change, timing
of, and ability to obtain, required regulatory approvals, and
general economic and regulatory changes.
These forward-looking statements represent the Company's views
as of the date of this release. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
events and future events could differ materially from those
anticipated in such statements. Readers should not place undue
reliance on any forward-looking statements.
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SOURCE Ballard Power Systems Inc.