Lithium-ion batter-maker A123 got breathing room Saturday when it raised $50 million by selling.
Solving the company's short-term problem may lead to what GreenTechMedia called “death by a thousand cuts” to its share price and long-term viability.
The weekend deal involved a private offering of $50 million in senior unsecured convertible notes and warrants for institutional buyers. The notes carry 6% interest, mature in July 2013 and they come with bi-weekly payments.
