Okay....what does this mean for MONDAY?!
"ANALYZE THIS"
VALENCE TECHNOLOGY, INC.
1,790,083 SHARES
COMMON STOCK
------------------
CC Investments, LDC is selling 1,702,583 shares of Valence common stock issuable to CC Investments upon the conversion of preferred stock and exercise of a warrant issued to CC Investments in a private financing.
Gemini Capital, L.L.C. is selling 87,500 shares of Valence common stock issuable to Gemini Capital upon the exercise of a warrant issued to Gemini Capital in connection with the private financing.
Valence is not selling any shares of its common stock under this prospectus, and will not receive any of the proceeds from the sales by CC Investments and Gemini Capital.
CC Investments and Gemini Capital may sell the shares of Valence common stock they are offering in a number of different ways and at varying prices. We provide more information about how they may sell their shares of Valence common stock in the section titled "Plan of Distribution."
Our common stock is listed on the Nasdaq National Market under the symbol "VLNC." On March 17, 1999, the closing sale price of a share of our common stock, as reported on the Nasdaq National Market, was $6.88.
Investing in Valence common stock involves a high degree of risk. See "Risk Factors" beginning on page 4. |
