PlanetOut files $75 million shelf

New York, April 25 - PlanetOut Inc. registered to sell up to $75 million of common stock, preferred stock, debt securities and warrants in an S-3 shelf filing with the Securities and Exchange Commission.

Preferred stock and debt may be structured as convertibles.

Also covered by the filing are 1.7 million shares of common stock to be offered by filing shareholders on a secondary basis.

PlanetOut, a San Francisco-based media and entertainment company serving the lesbian, gay, bisexual and transgender community, will use proceeds for general corporate purposes.

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