AMSC Announces Pricing of $115 Million Public Offering of Common Stock

Core Viewpoint - American Superconductor Corporation (AMSC) has announced a public offering of 4,125,000 shares of its common stock priced at $28.00 per share, expecting gross proceeds of $115.5 million before expenses [1]. Group 1: Offering Details - The offering consists of 4,125,000 shares priced at $28.00 each, with expected gross proceeds of $115,500,000 [1]. - AMSC plans to use the net proceeds for working capital and general corporate purposes, including potential strategic acquisitions [1]. - The underwriters have a 30-day option to purchase up to 618,750 additional shares at the public offering price [1]. Group 2: Management and Regulatory Information - Oppenheimer & Co. Inc. is the sole book-running manager, with Craig-Hallum Capital Group LLC as lead manager and Roth Capital Partners as co-manager for the offering [2]. - A shelf registration statement for the shares has been filed with the SEC and is effective, with a preliminary prospectus supplement and accompanying prospectus also filed [3].