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Valence Technology to price $1 million private placement of stock
By Devika Patel
Knoxville, Tenn., Feb. 22 - Valence Technology, Inc. arranged a $1 million private placement of stock on Feb. 21, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company will sell common shares at a price to be determined on Feb. 27 to Berg & Berg Enterprises, LLC on Feb. 8.
Austin, Texas-based Valence Technology is a developer of lithium-ion batteries.
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