Offering conducted by agent Aegis Capital at $0.32 per common share
By Devika Patel
Knoxville, Tenn., Dec. 13 - Superconductor Technologies Inc. said it plans a $2 million registered direct offering of stock that will be conducted through Aegis Capital Corp.
The company will sell 6.25 million common shares at $0.32 apiece. The price per share is a 21.95% discount to the Dec. 12 closing share price of $0.41.
Settlement is expected Dec. 18.
Based in Austin, Texas, Superconductor makes products for wireless voice and data applications.
| Issuer: | Superconductor Technologies Inc.
|
| Issue: | Common shares
|
| Amount: | $2 million
|
| Shares: | 6.25 million
|
| Price: | $0.32
|
| Warrants: | No
|
| Agent: | Aegis Capital Corp,
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 18
|
| Stock symbol: | Nasdaq: SCON
|
| Stock price: | $0.41 at close Dec. 12
|
| Market capitalization: | $14.33 million
|
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