VANCOUVER, BC, June 5, 2020 /PRNewswire/ - Ballard Power Systems
(NASDAQ: BLDP; TSX: BLDP) (Ballard or the Company) has announced
the filing of a preliminary 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 is expected to be filed prior to expiry of the
existing shelf prospectus, which was filed in June 2018.
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, when made
final and effective, 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, the future effectiveness of the Company's Registration
Statement, the anticipated use of proceeds from any offering made
under the Company's Prospectus and 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.