- Prospectus filed pursuant to Rule 424(b)(3) (424B3)
09 November 2010 - 8:06AM
Edgar (US Regulatory)
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-168670
Prospectus Supplement to Prospectus dated October 6,
2010
Satcon Technology Corporation
591,716 Shares of Common Stock
This
prospectus supplement updates the prospectus dated October 6, 2010 relating to the offer for sale of up to an
aggregate of 591,716 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 transfers of a warrant to
purchase 98,619 shares of common stock to Velocity Venture Funding, LLC. The amounts set forth below are based upon
information provided to us by the selling stockholders, 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 November 1, 2010.
Name of Selling Stockholder
|
|
Common Stock
Beneficially
Owned as of
October 27, 2010
|
|
Common Stock
Offered Pursuant
to this Prospectus
|
|
Common Stock
Owned Upon
Completion of
this Offering (1)
|
|
Percentage of
Common Stock
Owned Upon
Completion of
this Offering
|
|
|
|
|
|
|
|
|
|
|
|
Compass Horizon Funding Company LLC
|
|
N/A
|
|
0
|
|
N/A
|
|
N/A
|
|
Horizon Credit LLC (2)
|
|
493,097
|
|
493,097
|
|
|
|
|
|
Velocity Venture Funding, LLC (3)
|
|
98,619
|
|
98,619
|
|
|
|
|
|
(1)
|
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.
|
|
|
(2)
|
The
selling stockholder is a wholly owned subsidiary of Compass Horizon Funding
Company LLC. Compass Horizon Partners, LP (the Partnership) is the majority
owner of Compass Horizon Funding Company LLC. Navco Management Ltd. is the
general partner of the Partnership and is controlled by Kattegat Trust, a
Bermudian charitable trust, the trustee of which is Kattegat Private Trustees
(Berumda) Limited, a Bermudian trust company.
|
|
|
(3)
|
The
selling stockholder is a wholly owned subsidiary of Velocity Venture
Holdings, LLC. Velocity Venture Holdings, LLC is a wholly owned subsidiary of
Velocity Financial Group, LLC. The board of managers of Velocity Financial
Group, LLC ultimately has voting and investment power over the securities
held by the selling stockholder.
|
This
prospectus supplement is not complete without the prospectus dated October 6,
2010, and we have not authorized anyone to deliver or use this prospectus
supplement without the prospectus.
The date of this prospectus supplement is November 8, 2010.
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