UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December 27, 2004
BEACON POWER CORPORATION
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(Exact Name of Registrant as Specified in Charter)
DELAWARE 001-16171 04-3372365
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(State or Other Jurisdiction of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
234 BALLARDVALE STREET
WILMINGTON, MA 01887
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 978-694-9121
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Section 1 - Registrant's Business and Operations
Item 1.01. Entry into a Material Definitive Agreement.
On December 27, 2004, Beacon Power Corporation (the "Registrant") entered
into an Assignment with CRT Capital Group LLC (the "Transferee") for the sale
and transfer of the Amended and Restated Warrant (the "Warrant") dated as of
October 18, 2004 issued by Evergreen Solar, Inc., a Delaware corporation
("Evergreen"), for shares of common stock, $.01 par value per share, of
Evergreen held by the Registrant. The Registrant purchased the Warrant from
Evergreen for $100,000.00. The aggregate purchase price paid by the Transferee
to the Registrant for the sale and transfer of the Warrant is $1,800,000.00.
Item 9. Financial Statements and Exhibits.
(c) Exhibits
10.1 Assignment, dated December 27, 2004, executed by Beacon Power
Corporation and accepted by CRT Capital Group LLC.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BEACON POWER CORPORATION
Date: December 29, 2004 By: /s/ F. William Capp
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Name: F. William Capp
Title: President and Chief Executive
Officer
Exhibit Index
Exhibit No. Description
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10.1 Assignment, dated December 27, 2004, executed by Beacon Power
Corporation and accepted by CRT Capital Group LLC.