Superconductor Technologies Inc Announces Exercise of Over Allotment Option

Superconductor Technologies Inc announced the exercise in full of the over-allotment option granted to the underwriters by Superconductor Technologies with respect to the purchase of 500,000 shares of common stock at a public offering price of $0.30 per share. The over-allotment option is being exercised in connection with Superconductor Technologies' previously announced underwritten public offering of 3,333,334 shares of common stock. As a result of the exercise of the over-allotment option, the total gross proceeds to Superconductor Technologies from the offering will be approximately $1,150,000, before deducting the underwriting discount and other estimated offering expenses.