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BALLARD ANNOUNCES ACQUISITION OF UK-BASED GEOPURA, POWERING FUTURE GROWTH AND TRANSFORMING BALLARD INTO AN…

Lane
M&A
Announced
23 Jun 2026
Province
British Columbia
Industry
Unclassified
Status
Announced
What the filing says
Ballard Power Systems Inc. (NASDAQ: BLDP) (TSX: BLDP ) ("Ballard", the "Company"), a global leader in hydrogen fuel cell technology, today announced that it has entered into a definitive agreement (the "Agreement") to acquire GeoPura Limited ("GeoPura"), a zero-emission hydrogen-based power solutions provider (the "Transaction").
Consideration
US$400MM
Credits
RBC Capital Markets (financial advisor); Ashurst LLP (legal advisor); Stikeman Elliott LLP (legal advisor); Barclays (financial advisor); Winston Taylor LLP (legal advisor)
price per security
US$5.02 (per share)“The Transaction consists of an upfront equity purchase price of £275.0 million ("Upfront Consideration"), funded through a combination of £82.5 million in Ballard cash on hand and the issuance of ~50.8 million Ballard common shares to GeoPura shareholders, at US$5.02 per share, based on Ballard's 30-day volume-weighted average share price.”
Source

Compiled from public filings, court documents, exchange bulletins and issuer releases. Figures are as disclosed and are not independently verified.

Not financial, investment, legal or tax advice, and not an offer to buy or sell any security. Verify everything before you transact.

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