Beacon Power files $40 million shelf

By Jennifer Chiou

New York, Sept. 1 - Beacon Power Corp. registered to sell up to $40 million of securities in an S-3 filing with the Securities and Exchange Commission.

Covered by the shelf are common stock, preferred stock, depositary shares, warrants and units. Preferred stock may be structured as convertibles.

The company said that proceeds will go toward general corporate purposes.

Based in Wilmington, Mass., Beacon Power designs energy storage and power conversion tools for the utility, renewable energy and distributed generation markets.

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