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Superconductor Technologies Inc Announces Pricing Of Registered Direct Offering

Thursday, 13 Dec 2012 01:46pm EST 

Superconductor Technologies Inc announced that the pricing of a registered direct offering of 6,250,000 shares of common stock at an offering price of $0.32 per share. The gross proceeds to STI from this offering are expected to be $2.0 million, before deducting placement agent fees and other estimated offering expenses. The offering is expected to close on December 18, 2012, subject to customary closing conditions. Aegis Capital Corp. is acting as the sole placement agent for this offering. 

Company Quote

0.06 +2.61%
17 Apr 2014