Ener1 files $100 million shelf covering stock, preferreds and debt

By Devika Patel

Knoxville, Tenn., Nov. 8 - Ener1, Inc. filed a $100 million shelf in an S-3 filing with the Securities and Exchange Commission.

The registration covers common stock, preferred stock, debt securities, warrants and units, along with 23,978,201 common shares to be sold by shareholders.

The securities may be structured as convertibles.

Proceeds will be used as working capital and for general corporate purposes.

Fort Lauderdale, Fla.-based Ener1 is an alternative energy technology company.

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