Martek Opens Door for More Capital

Martek Opens Door for More Capital

COLUMBIA, Md.--Martek Biosciences Corp. (NASDAQ:MATK)filed a universal shelf registration statement on Form S-3 with the Securitiesand Exchange Commission (SEC). This gives the company leeway to issue from timeto time common stock and/or one or more series of debt securities in anaggregate amount of up to $100 million.

The company plans to use proceeds from any offering for generalcorporate purpose, including financing the expansion of Martek's manufacturingcapacity as required. Although the registration statement has been filed withSEC, it had not yet become effective of press time.