
Core Viewpoint - American Superconductor Corporation (AMSC) has announced a public offering of 5,400,000 shares of its common stock priced at $11.25 per share, expecting gross proceeds of $60,750,000 before expenses [1] Group 1: Offering Details - The offering consists of 5,400,000 shares priced at $11.25 each, with expected gross proceeds of $60,750,000 [1] - AMSC plans to use the net proceeds for working capital and general corporate purposes [1] - Underwriters have a 30-day option to purchase up to 810,000 additional shares [1] - The offering is expected to close around February 2, 2024, subject to customary conditions [1] Group 2: Underwriters and Regulatory Filings - Oppenheimer & Co. Inc. is the sole book-running manager for the offering, with Craig-Hallum Capital Group LLC and Roth Capital Partners, LLC as co-managers [2] - A shelf registration statement for the shares has been filed with the SEC and is effective [2] - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with a final prospectus supplement to follow [3]