Beacon Power files $60 million shelf

By Devika Patel

Knoxville, Tenn., July 3 - Beacon Power Corp. filed a $60 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers common stock, preferred stock, depositary shares, warrants and units.

The preferreds may be convertible.

Proceeds will be used for general corporate purposes.

Beacon Power is a Wilmington, Mass.-based developer of products and services for electric grid operations.

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