Went public 11/17/00 at $6 per share
Filing Range: 8.0 million shares @ $6 to $8
Shares Outstanding: 38.6 million shares
Underwriters: Salomon Smith Barney/Banc of America Securities/CIBC World Markets
Company Counsel: Edwards & Angell
Manager Counsel: Cravath, Swaine & Moore
Auditor: Deloitte & Touche LLP
Develops and manufactures flywheel energy storage systems. Flywheel systems draw electrical energy from a primary power source such as the electric grid or a fuel cell, store that energy, and then convert that energy to immediately provide uninterruptible electric power when the primary power source fails or is disrupted.
Beacon Partners Inc.
Penske Capital Partners
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 10/23/1998 3 Early Stage 4749.9
2 04/07/2000 3 Expansion 3825.9
3 05/23/2000 6 Later Stage 28500.0
(Data in $ millions)
Total Revenues: 0.3
Net Income: -5.7