On Wednesday, Shares of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP), lost -15.00% to $1.36.
Ballard Power Systems, declared the closing of its formerly declared underwritten offering of 9,343,750 of its common shares for gross proceeds of about U.S. $15.0 million , which comprises the exercise in full by the underwriters of their option to purchase up to an additional 15% of common shares to cover over-allotments. Net proceeds to Ballard from the Offering are predictable to be about U.S. $13.6 million , after deducting underwriting discounts, commissions and other estimated Offering expenses.
Cowen and Company acted as the sole bookrunner for the Offering. Roth Capital Partners, Lake Street Capital Markets and H.C. Wainwright & Co. acted as co-managers for the Offering.
Ballard Power Systems Inc. engages in the development and commercialization of proton exchange membrane fuel cells worldwide. The company is primarily involved in the design, development, manufacture, sale, and service of fuel cell stacks, modules, and systems for various applications.
Shares of Eldorado Resorts, Inc. (Nasdaq:ERI), declined -0.50% to $8.01, during its last trading session.
Eldorado Resorts, declared that it intends to file a registration statement regarding an underwritten offering of common stock. The Company intends to sell shares of common stock to generate aggregate net proceeds of about $60 million, preceding to the exercise of the underwriters’ option to purchase additional shares. The number of shares sold in the offering, if any, will be subject to market conditions.
The Company intends to apply the proceeds from the Common Stock Offering to pay a portion of the purchase price for the purchase of all of the assets of Circus Circus Reno and the 50% interest in the Silver Legacy joint venture that is presently owned by a partner of MGM Resorts International, counting repayment of amounts outstanding under the Silver Legacy Joint Venture credit facility and pay fees and costs associated with such transactions.
Eldorado Resorts, Inc., a gaming and hospitality company, owns and operates gaming facilities in Louisiana, Nevada, Ohio, Pennsylvania, and West Virginia. It owns and operates Eldorado resort casino, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino situated on the Red River in Shreveport, Louisiana; Eldorado Hotel and Casino, a 814-room hotel, casino, and entertainment facility located in downtown Reno, Nevada; and Silver Legacy resort casino, a 1,711-room themed hotel and casino located adjacent to Eldorado Reno.
Finally, NCR Corporation (NYSE:NCR), ended its last trade with -2.30% loss, and closed at $29.31.
NCR Small Business will serve as the title sponsor for the Atlanta Street Food Festival — the largest gathering of food trucks in the Southeast. More than 50 food trucks are predictable to be showcasing their fare at the Festival at Piedmont Park from noon to 10:00 p.m. on July 11.
In addition to equipping some food truck exhibitors with NCR Silver-outfitted iPads, card readers and printers for the day, the NCR Small Business team is showing its support for those food truck operators with hourly deliveries of refreshments and supplies.
NCR Corporation, a technology company, provides solutions and services that enable businesses to connect, interact, and transact with their customers worldwide. The company operates through four segments: Financial Services, Retail Solutions, Hospitality, and Emerging Industries.
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