A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock
Green Car Congress
AUGUST 8, 2012
The total amount of shares of A123’s common stock issuable upon exercise and conversion of the warrants and Convertible Notes would represent approximately 80% of the then outstanding common stock of A123. million non-cash charge related to an additional write down of its investment in Fisker Automotive. 2Q 2012 results.
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