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AMSC: Public Offering of Common Stock
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DEVENS, Mass. - American Superconductor Corporation (AMSC), a global solutions provider serving the wind and power grid industry, 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 also be available on the SEC's website at http://www.sec.gov.
Contact:
Kerry Farrell
Senior Manager, Corporate Communications
Phone: 978-842-3247
Email: [email protected]
DEVENS, Mass. - American Superconductor Corporation (AMSC), a global solutions provider serving the wind and power grid industry, 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 also be available on the SEC's website at http://www.sec.gov.
Contact:
Kerry Farrell
Senior Manager, Corporate Communications
Phone: 978-842-3247
Email: [email protected]