Quantum Prices Public Offering of Common Stock
IRVINE, Calif., Oct. 21, 2003 -- Quantum Fuel Systems Technologies Worldwide, Inc. today announced that it has priced its public offering of 8,050,000 shares of its common stock (which includes an over-allotment option of 1,050,000 shares) at $8.00 per share. The shares are being offered by the Company pursuant to a registration statement that was declared effective by the Securities and Exchange Commission on October 21, 2003. The offering is being underwritten by Adams, Harkness & Hill, Inc., First Albany Corporation and TD Securities, and orders will be executed by Adams, Harkness & Hill, Inc. Closing of the offering is expected on October 27, 2003, and is subject to customary closing conditions. Copies of the prospectus may be obtained from Adams, Harkness & Hill, Inc. 60 State Street, 6th Floor, Boston, Massachusetts 02109.
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A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
For more information, please contact Dale Rasmussen at 206-315-8242.
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