Medis Technologies files $35 million common stock, preferred stock shelf registration

By Devika Patel

Knoxville, Tenn., March 24 - Medis Technologies Ltd. filed a $25 million common stock and preferred stock shelf registration in an S-3 filing with the Securities and Exchange Commission.

The preferred stock may be convertible.

Proceeds will be used for working capital and general corporate purposes.

Medis Technologies is a New York-based maker of fuel cell batteries used in consumer and military electronics.

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