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Valence Technology files $50 million shelf
By Ted A. Knutson
Washington, Feb.15 - Valence Technology, Inc. filed for a $50 million shelf in an S-3 registration with the Securities and Exchange Commission.
The filing allows for common stock, preferred stock, debt securities, warrants and convertibles.
The Austin, Texas-based developer of lithium-ion batteries said proceeds from offerings authorized by the shelf would be used for working capital and other purposes
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