Valence Technology registers $50 million shelf for debt, preferreds

By Susanna Moon

Chicago, Jan. 12 - Valence Technology, Inc. registered to sell up to $50 million of securities in an S-3 filing with the Securities and Exchange Commission.

The shelf covers debt securities, preferred stock, common stock, warrants, depositary shares and units.

The debt securities and preferreds may be convertible.

Proceeds will be used for general corporate purposes.

The Austin, Texas-based company develops lithium-ion batteries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.