US: A123 Systems to raise US$29m

The Nanophosphate lithium-ion battery supplier and MIT-derived start-up A123 Systems announced on 6 July that it had notified the holders of its 6.00% senior convertible notes of the satisfaction of the conditions for the release of US$30m of restricted cash subject to an account control agreement. The same day, the NASDAQ-listed firm Subscribe to Automotive World to … Continued

• By Webmaster
• July 9, 2012