Common
stock offered by Satcon
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9,000,000
shares of common stock. In addition,
we have granted the underwriter an option for a period of 30 days to purchase
up to an additional 1,350,000 shares of common stock solely to cover
overallotments. Except as otherwise
indicated, all information in this issuer free writing prospectus assumes no
exercise by the underwriter of its overallotment option.
Upon
completion of this offering, we will have 115,513,692 shares of common stock
outstanding based on 106,513,692 shares of common stock outstanding as of
June 30, 2010. The 106,513,692
shares of common stock outstanding on June 30, 2010 gives retroactive
effect to the issuance of (i) 6,469,930 shares of common stock issued in
connection with the exercise of outstanding options and warrants and pursuant
to a contractual obligation, (ii) 251,677 shares of common stock upon
conversion of our Series B Preferred Stock and (iii) approximately
27,665,859 shares of our common stock to be issued upon conversion of our
Series C Preferred Stock, which will occur simultaneously with the consummation
of this offering. This number excludes the following:
·
16,369,664
shares of our common stock issuable upon exercise of outstanding warrants at
a weighted average exercise price of $1.42 per share;
·
12,319,719
shares of our common stock subject to outstanding stock options at a weighted
average exercise price of $2.11 per share, and
·
7,171,912
shares of our common stock reserved for future issuances under our stock
option plans.
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