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Superconductor Technologies Announces Pricing of $5 Million At-The-Market Registered Direct Offering

2015-03-20 19:42:19| Electronics - Topix.net

Superconductor Technologies, Inc. announced that it entered into a definitive securities purchase agreement with certain investors providing for the issuance of 3,062,790 shares of common stock at a purchase price per share of $1.6325, and five and a half year warrants to purchase up to 1,531,395 shares of common stock at an exercise price of $1.6325. The closing of the sale of the securities is expected to take place on or about March 25, 2015, subject to satisfaction of customary closing conditions.

Tags: registered direct million technologies

Category:Electronics and Electrical

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