Are you related to Aldo Nova? Because this is a fantasy! They would be lucky to get $6.00 per share.
(To Prospectus dated October 1, 2014)
We are offering shares of our common stock at a price of $6.00 per share.
Our common stock is listed on The NASDAQ Global Select Market under the symbol “AMSC.” On April 23, 2015, the last reported sales price of our common stock was $10.00 per share.
Investing in our common stock involves a high degree of risk. Please read the information contained in and incorporated by reference under the heading “ Risk Factors ” beginning on page S-4 of this prospectus supplement, and under similar headings in the other documents that are filed after the date hereof and incorporated by reference into this prospectus supplement.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the securities or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.
PER SHARE TOTAL
Public offering price
$ 6.00 $ 24,000,000
Underwriting discounts and commissions (1)
$ 0.36 $ 1,440,000
Proceeds, before expenses, to us
$ 5.64 $ 22,560,000
(1) See “Underwriting” beginning on page S-10 for more information about fees payable to the underwriters.
Delivery of the shares of common stock offered hereby is expected to be made on or about April 29, 2015.
Sole Book-Running Manager
Cowen and Company
Northland Capital Markets
The date of this prospectus supplement is April 24, 2015.
AMSC Announces Proposed Public Offering of Common Stock
DEVENS, Mass., April 23, 2015 (GLOBE NEWSWIRE) -- American Superconductor Corporation (Nasdaq:AMSC), a global solutions provider serving the wind and power grid industry, today announced that it intends to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering.
AMSC intends to use the net proceeds from the proposed offering for general corporate purposes, including to fund working capital.
In connection with the offering, Cowen and Company, LLC is acting as sole book-running manager and Northland Capital Markets is serving as co-manager. 'Northland Capital Markets' is the trade name for certain capital markets and investment banking services of Northland Securities, Inc., member FINRA/SIPC.
A shelf registration statement relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (SEC) and is effective. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC. The securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the securities being offered may also be obtained from Cowen and Company, LLC, c/o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, via telephone at 631-274-2806 or via facsimile at 631-254-7140. Electronic copies of the preliminary prospectus supplement and accompanying prospectus will a
And where is Kevin Douglas? Apparently he has enough $$$ as to not care that AMSC is headed for BK!!!
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TO APPROVE A SERIES OF AMENDMENTS TO AMSC'S RESTATED CERTIFICATE OF INCORPORATION TO EFFECT A REVERSE STOCK SPLIT AND TO DECREASE THE NUMBER OF AUTHORIZED SHARES OF AMSC'S COMMON STOCK.
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