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Satcon Technology Announces Pricing of Public Offering of its Common Stock.

Publication: Business Wire
Publication Date: 10-JUN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BOSTON -- Satcon Technology Corporation ("Satcon") (Nasdaq: SATC) today announced that it has priced its previously announced public offering of 15,557,692 shares of its common stock at a price to the public of $1.30 per share. The gross proceeds to Satcon, before expenses, from the sale of shares are expected to be $20,225,000. Satcon also granted the underwriters an option to purchase up to an additional 2,333,654 shares of its common stock. The closing of the...

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