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Reuters reported that A123 Systems Inc (NASDAQ:AONE) plans to raise almost $39 million.
Reuters reported that A123 Systems Inc (NASDAQ:AONE) plans to raise almost $39 million.
As quoted in the market news:
The company, which previously raised concerns about its viability due to expected steep losses over the next several quarters, said it will raise about $9 million by selling shares and get access to another $30 million after satisfying conditions related to senior convertible notes. Shares in A123 were down 7.7 percent in morning trading.
