A-Power Energy Generation Sys (MM) (NASDAQ:APWRU)
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From Jun 2019 to Jun 2024
A-Power Energy Generation Systems
(NASDAQ:APWR)(NASDAQ:APWRW)(NASDAQ:APWRU) ("A-Power"),
today announced that, in preparation for the upcoming redemption of its
warrants, it has separated all of its issued and outstanding units,
which traded separately from the common stock and public warrants under
the symbol APWRU. As a result, each unit has been converted into one
share of common stock and two warrants.
Until and through the close of business on the upcoming redemption date,
each warrant entitles the holder to purchase from A-Power one share of
the Company’s common stock at an exercise
price of $5.00. After the final redemption date, holders of warrants who
have not exercised them will be paid $0.01 per warrant, and the warrant
will be extinguished. The common stock
purchase warrants were originally issued by Chardan South China
Acquisition Corp. in August 2005. As a result of the merger of Chardan
South and A-Power, the warrants are now exercisable into common shares
of A-Power.
About A-Power
A-Power Energy Generation Systems, Ltd., formerly Chardan South China
Acquisition Corp., through its PRC operating subsidiary, Liaoning GaoKe
Energy Group Co., Ltd., is the largest provider of distributed power
generation systems in China and will enter into China’s
wind energy market in 2008. The Company is also focused on developing
and commercializing additional renewable energy technologies and has
strategic relationships with both Tsinghua University and the China
Sciences Academy in Guangzhou.