Superconductor Technologies to price public offering of common shares

Underwriter Aegis helps raise proceeds for general corporate purposes

By Devika Patel

Knoxville, Tenn., Nov. 19 - Superconductor Technologies Inc. plans to conduct a public offering of common stock, according to a preliminary prospectus supplement filed Monday with the Securities and Exchange Commission. Aegis Capital Corp., the underwriter, will have a 45-day greenshoe option.

Proceeds will be used for general corporate purposes.

The company's stock (Nasdaq: SCON) closed at $0.45 per share on Nov. 16.

Based in Austin, Texas, Superconductor makes products for wireless voice and data applications.

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