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Wall Street Journal reports that A123 Systems Inc. (NASDAQ:AONE) shares dropped 3.8% to $6.11 in recent premarket trading.
Wall Street Journal reports that A123 Systems Inc. (NASDAQ:AONE) shares dropped 3.8% to $6.11 in recent premarket trading.
The market news is quoted as saying:
The developer of lithium-ion battery technology for applications such as electric cars had unveiled the deal on Monday, and plans to use proceeds for general purposes, or invest them in investment-grade securities. The stock offering which would boost the number of shares outstanding by about 17%.
