John Sherer and Silicon Valley Bank just gave another 5 million dollars out today to Active Power. Good to own shares in a shell owned by a guy like Sherer. Especially with the power and the assets of SVB behind him.
Form 8-K for ACTIVE POWER INC
10-Oct-2007
Entry into a Material Definitive Agreement, Creation of a Direct Financial Oblig
Item 1.01. Entry into a Material Definitive Agreement.
On October 5, 2007, Active Power, Inc. (the "Company") entered into a Loan and Security Agreement (the "Loan Agreement") with Silicon Valley Bank ("SVB"). The Loan Agreement provides for a secured revolving line of credit in an amount of up to $5.0 million.
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