American Superconductor Corporation
announced has filed
an amendment to the registration statement it filed with the Securities and
Exchange Commission on August 29, 2003 for its proposed public offering of
4,000,000 shares of its common stock. The offering will include an option for
the underwriters to purchase up to an additional 600,000 shares to cover
over-allotments, if any. The lead underwriter for the offering will be
Needham & Company, Inc., and William Blair & Company and RBC Capital Markets
will serve as co-managing underwriters.
The company expects to price the public offering in early October.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not
be sold nor may offers to buy be accepted prior to
the time the registration statement becomes
effective. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of the securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state.
A copy of the prospectus may be obtained, when available, from Needham &
Company, Inc., 445 Park Avenue, New York, New York 10022; William Blair &
Company, 222 West Adams Street, Chicago, Illinois 60606; and RBC Capital
Markets, One Liberty Plaza, 165 Broadway, New York, New York 10006.