- Prospectus filed pursuant to Rule 424(b)(3) (424B3)
28 January 2010 - 6:10AM
Edgar (US Regulatory)
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-136673
Prospectus Supplement to Prospectus dated September 27,
2006
Satcon Technology Corporation
23,091,982 Shares of Common Stock
This
prospectus supplement updates the prospectus dated September 27, 2006 relating to the offer for sale of up to an
aggregate of 23,091,982 shares
of common stock of Satcon Technology Corporation by the selling stockholders
identified in the prospectus and this prospectus supplement, and any of their
pledgees, donees, transferees or other successors in interest.
We
are providing this prospectus supplement to update the table in the prospectus
under the caption Selling Stockholders to reflect a transfer of a warrant to
purchase 181,818 shares of common stock, originally held by Nite Capital LP, to
Option Opportunities Corp. The amounts
set forth below are based upon information provided to us by the selling
stockholder (or its representatives), or on our records, and are accurate to
the best of our knowledge. Unless we
indicate otherwise, the information in this prospectus supplement is as of January 21,
2010.
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Number of Shares
of Common Stock
Beneficially
Owned as of
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Number of Shares
of Common Stock
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Number of Shares of Common
Stock to be Beneficially Owned
After Offering (2)
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Name
of Selling Stockholder
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01/21/10 (1)
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Being Offered
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Number
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Percentage (3)
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Option Opportunities Corp. (4)
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272,727
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181,818
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(5)
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90,909
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*
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*
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Less
than 1%.
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(1)
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Includes
shares issuable upon exercise of warrants that are exercisable within 60 days
of January 21, 2010.
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(2)
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We
do not know when or in what amounts a selling stockholder may offer shares
for sale. The selling stockholders may not sell any or all of the shares
offered by the prospectus or this prospectus supplement. Because the selling
stockholders may offer all or some of the shares pursuant to this offering,
and because there are currently no agreements, arrangements or understandings
with respect to the sale of any of the shares, we cannot estimate the number
of the shares that will be held by the selling stockholders after completion
of the offering. However, for purposes of this table, we have assumed that,
after completion of the offering, none of the shares covered by the
prospectus or this prospectus supplement will be held by the selling
stockholders.
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(3)
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For
each selling stockholder, this number represents the percentage of common
stock to be owned by such selling stockholder after completion of the
offering, based on the number of shares of common stock outstanding as of
January 21, 2010 (70,872,079 shares) and assuming (i) exercise of
any warrants that are exercisable within 60 days of January 21, 2010
owned by such selling stockholder and (ii) no options, warrants or other
convertible securities held by other persons have been exercised or
converted.
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(4)
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David
F. Dury has voting and investment power over securities held by Option
Opportunities Corp.
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(5)
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Represents
shares of common stock issuable upon exercise of a Warrant A issued in
connection with our private placement of $12.0 million aggregate principal
amount of senior secured convertible notes in July
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2006.
These warrants have an exercise price of $1.815 per share and may be
exercised at any time through July 19, 2013.
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This
prospectus supplement is not complete without the prospectus dated September 27,
2006, and we have not authorized anyone to deliver or use this prospectus
supplement without the prospectus.
The date of this prospectus supplement is January 27, 2010.
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