Active Power Turns To Markets For $9.9M

Austin-based Active Power, a publicly traded developer of uninterruptible power supplies, said Friday that it has priced a $9.9M, common stock offering, being managed by Thomas Weisel Partners LLC. The firm said it is selling 13,229,500 shares of its common stock at $0.75 per share. The firm said the secondary offering is expected to close on February 24th.