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QTWW > SEC Filings for QTWW > Form 8-K on 11-Jul-2013All 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.


11-Jul-2013

Other Events


Item 8.01 Other Events.

On July 1, 2013, Quantum Fuel Systems Technologies Worldwide, Inc. (the "Company") repaid in full the outstanding balance due under the bridge promissory notes issued by the Company on January 24, 2013 (the "Bridge Notes"). The repayment on July 1, 2013 resulted in a savings to the Company of $175,000. Pursuant to the terms of the common stock purchase warrants issued to the purchasers of the Bridge Notes (the "Warrants"), the exercise price of such Warrants was adjusted from $1.00 per share to $0.71 per share upon repayment of the Bridge Notes. No further adjustments to the exercise price of the Warrants are required to be made in the future other than adjustments pursuant to customary anti-dilution provisions.


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