VANCOUVER, BC, June 12,
2025 /PRNewswire/ - Ballard Power Systems
(NASDAQ: BLDP) (TSX: BLDP) has announced the filing of a final
short form base shelf prospectus dated June
11 (the "Prospectus") in each of the provinces and
territories of Canada together
with a corresponding shelf registration statement on Form F-10 (the
"Registration Statement") with the United States Securities
and Exchange Commission (the "SEC"). The Prospectus
qualifies the issuance of common shares, preferred shares, warrants
to purchase common shares, debt securities and units comprised of
one or more of any of the foregoing securities (all of the
foregoing collectively, the "Securities") from time to time
over a 25-month period.
Ballard has filed the Prospectus and Registration Statement to
maintain financial flexibility but has no present intentions to
undertake an offering of Securities. There is no certainty any
Securities will be offered or sold under the Prospectus and/or
Registration Statement within the 25-month effective period.
Should Ballard decide to offer Securities during the 25-month
effective period, terms of future offerings, the intended use of
the net proceeds resulting from such offerings, and the terms of
the Securities to be offered, if any, will be established at the
time(s) of any such offerings and will be described in a prospectus
supplement filed with applicable Canadian securities regulators
and/or the SEC, respectively.
The Prospectus replaces Ballard's previous short form base shelf
prospectus dated May 9, 2023, which
expired on June 9, 2025.
Copies of the Registration Statement and the Prospectus
contained therein are available at www.sec.gov and
http://www.sedarplus.ca, respectively.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these Securities, in any jurisdiction in which an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
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, and stationary power. 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 Ballard'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 Ballard'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 Ballard'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 Ballard'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.
Further Information
Sumit
Kundu – Investor Relations +1.604.453.3517 or
investors@ballard.com
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SOURCE Ballard Power Systems Inc.