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Provider: MacroRisk Analytics/EconomicInvestor
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Superconductor Technologies Inc Closes $12 Million Underwritten Offering

Friday, 9 Aug 2013 02:14pm EDT 

Superconductor Technologies Inc announced that the closing of its previously announced underwritten public offering of units of common stock and warrants. The Company received net proceeds of approximately $10.9 million after deducting underwriting discounts and commissions and offering expenses. A total of 5,721,675 shares of common stock were issued, plus an additional 954,001 shares subject to pre-funded warrants with an exercise price of $0.01 per pre-funded warrant. In addition, a total of 6,675,676 five year warrants and 3,337,838 two year warrants were issued, each with an exercise price of $2.57. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. acted as the sole book-runner for the transaction. 

Company Quote

-0.02 -0.75%
9:47am EST