EnerNow Plans to Acquire Battery Business and Receive Additional $6.7 Million in Funding for Combined Companies; Expanded Company to be Renamed Ener1, Inc.
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EnerNow Plans to Acquire Battery Business and Receive Additional $6.7 Million in Funding for Combined Companies; Expanded Company to be Renamed Ener1, Inc.
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FORT LAUDERDALE & BOCA RATON, Fla.--(BUSINESS WIRE)--May 9, 2002 EnerNow, Inc. (OTCBB:INPM) has agreed in principle to acquire the battery business of its parent company, Ener1 Holdings, Inc. Ener1 Holdings also has agreed in principle to make an additional investment of up to $2.0 million in EnerNow, depending upon its working capital needs. The investment is not contingent on the completion of the battery company acquisition. Consu...See the full content of this document
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