CommScope Inc., a telecommunications infrastructure company, has invested US$4 mn in a private placement of common stock of Hydrogenics Corp., a developer of hydrogen generation and fuel-cell products and services, according to a report.
The report stated that Mississauga, Ontario-based Hydrogenics is issuing at least 1.09 mn shares priced at $3.68 each, reflecting an 8% discount compared with yesterday's close.
The offering in two tranches represents a 22.7% stake in Hydrogenics, says report.