US: Smith EV completes equity placing

Smith Electric Vehicles US Corporation has announced the issuance and sale of US$39m of series B convertible preferred stock and the conversion of bridge notes and the exercise of related warrants into US$19m of series B convertible preferred stock. As previously announced, the company acquired Smith Electric Vehicles UK from the Subscribe to Automotive World … Continued

• By Webmaster
• March 8, 2011