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QTWW > SEC Filings for QTWW > Form 8-K on 6-Oct-2009All Recent SEC Filings

Show all filings for QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE INC


6-Oct-2009

Unregistered Sale of Equity Securities


Item 3.02. Unregistered Sales of Equity Securities

On September 23, 2009, WB QT, LLC, the holder of Registrant's Third Amended and Restated Promissory Note issued on August 3, 2009, converted $500,000 of principal plus approximately $13,000 of interest into shares of the Registrant's common stock at a conversion price of $0.71 per share. As a result of such conversion, Registrant issued to WB QT, LLC a total of 722,863 shares of common stock.

On September 25, 2009, Registrant issued 400,000 shares of its common stock as a result of a cashless exercise of common stock purchase warrants which were issued by the Company on October 27, 2006. In connection with the cashless exercise, the holder of the warrants tendered 723,435 shares issuable under the warrants to pay the exercise price.

On September 30, 2009, Registrant issued 498,443 shares of its common stock as a result of a cashless exercise of common stock purchase warrants which were issued by the Company on October 27, 2006. In connection with the cashless exercise, the holder of the warrants tendered 846,767 shares issuable under the warrants to pay the exercise price.

On October 1, 2009, Registrant issued 200,000 shares of its common stock as a result of a cashless exercise of a common stock purchase warrant issued by the Company on October 27, 2006. In connection with the cashless exercise, the holder of the warrant tendered 345,901 shares issuable under the warrant to pay the exercise price.

The common shares issued by Registrant were issued to an accredited investor in a transaction exempt from Registration pursuant to Section 4(2) of the Securities Act of 1933. The transaction did not involve a public offering, was made without general solicitation or advertising, and there were no underwriting commissions or discounts.


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