According to Reuters last week SGI has filed with the SEC for permission to periodically sell up to $100M in new common stock
The company said in a registration statement with the U.S. Securities and Exchange Commission that it would use the proceeds from the offering for sales and marketing, research and development, and general corporate purposes.
Under a shelf registration, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.
