Lithium Technology Corporation enters strategic alliance and investment agreement with FN Group for large format Li-ion packs for automotive applications
Green Car Congress
APRIL 8, 2011
As part of the strategic alliance, the FN Group has agreed to provide $10 million of fresh capital to LTC, $5 million in the form of a purchase of LTC’s common equity (including the $2 million purchased on 25 October 2010) and $5 million in the form of a committed convertible loan facility.
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