Amsc announces pricing of $115 million public offering of common stock

Ayer, mass., june 11, 2025 (globe newswire) -- american superconductor corporation (nasdaq: amsc), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability and resiliency of our navy's fleet, announced today that it has priced its underwritten public offering of 4,125,000 shares of its common stock at a public offering price of $28.00 per share. amsc expects the gross proceeds from this offering to be $115,500,000, before deducting the underwriting discounts and commissions and other estimated offering expenses. amsc intends to use the net proceeds from this offering for working capital and general corporate purposes, including potential strategic acquisitions. amsc has granted the underwriters a 30-day option to purchase up to 618,750 additional shares of its common stock at the public offering price, less underwriting discounts and commissions. amsc expects to close the offering, subject to customary conditions, on or about june 12, 2025.
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