Hydrogenics announces public offering of common shares

On May 16, 2014, Hydrogenics Corporation (Hydrogenics) closed its previously announced underwritten public offering of common shares from treasury and from CommScope, Inc. of North Carolina (CommScope), a selling shareholder. Pursuant to the offering, announced on May 5, 2014 and priced May 14, 2014, 1.5 million common shares made up of 1,000,000 treasury shares and 500,000 of CommScope's secondary shares, were issued at a price of US$15.00 per share, for proceeds of approximately US$22.5 million.

Canaccord Genuity acted as the sole book-running manager on the offering, with Craig-Hallum Capital Group and Roth Capital Partners acting as co-managers.

Hydrogenics together with its subsidiaries, designs, develops and manufactures hydrogen generation products based on water electrolysis and duel cell products based on proton exchange membrane technology.

Further information can be found on Hydrogenics' website.