By Josh Beckerman

Hydrogenics Corp. (HYGS) shares recently traded up 11% at $4.30 following the fuel cell module company's Thursday morning announcement of a $20.5 million private placement and technology partnership with Air Liquide SA (AI.FR).

Hydrogenics plans to issue 3.54 million shares for about $5.80 each, using the proceeds to fund current operations, technology developments and "future scale-up of partners."

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

December 21, 2018 16:10 ET (21:10 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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