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Release -- Superconductor Week does not edit or endorse the following
news release: AMSC Announces
Pricing of Public Offering of Common Stock
Westborough, MA,
20 July 2007:
American Superconductor
Corporation (NASDAQ:
AMSC) today announced the
pricing of an underwritten public offering of 4,700,000 shares of its common
stock at a price to the public of $21.25 per share, before underwriting
discounts and commissions. AMSC also granted the underwriters a 30-day option to
purchase up to an additional 705,000 shares of common stock. All of the shares
are being offered by AMSC. The offering is expected to close on or about July
25, 2007, subject to customary closing conditions.
Morgan Stanley & Co. Incorporated is acting as
the book runner for the offering. Jefferies & Company, Inc. and Needham &
Company, LLC are acting as co-managers for the offering.
AMSC filed a registration statement, which has
been declared effective by the Securities and Exchange Commission (SEC). A copy
of the final prospectus relating to the offering may be obtained by contacting
Morgan Stanley & Co. Incorporated, 180 Varick Street, 2nd Floor, New York, New
York 10014, 866-718-1649, or by e-mailing prospectus@morganstanley.com.
This press release shall not constitute an offer
to sell, or the solicitation of an offer to buy, any of the securities, nor
shall there be any sale of these securities, in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.
About AMSC
AMSC (American Superconductor Corporation -
NASDAQ: AMSC) is a leading energy technologies company, offering an array of
solutions based on two proprietary technologies: programmable power electronic
converters and high temperature superconductor (HTS) wires. The company's
products, services and system-level solutions enable cleaner, more efficient and
more reliable generation, delivery and use of electric power. AMSC is a leader
in alternative energy, offering grid interconnection solutions as well as
licensed wind energy designs and electrical systems.
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