IPO - AMERICAN SUPERCONDUCTOR CORP /DE/

Form Type: 8-K

Filing Date: 2025-06-11

Corporate Action: Ipo

Type: New

Accession Number: 000119312525139243

Filing Summary: On June 10, 2025, American Superconductor Corporation entered into an underwriting agreement with Oppenheimer & Co. Inc. for the issuance and sale of 4,125,000 shares of common stock at a public offering price of $28.00 per share. The expected net proceeds from this offering are approximately $108.2 million, intended for working capital and general corporate purposes, including potential strategic acquisitions. Additionally, the Company granted the underwriters a 30-day option to purchase up to 618,750 additional shares. The offering is being conducted pursuant to an effective shelf registration statement and a prospectus supplement filed with the SEC, with the closing anticipated around June 12, 2025, pending customary closing conditions.