American Superconductor Corporation plans to offer common stock in an underwritten public offering for working capital and acquisitions.
Quiver AI Summary
American Superconductor Corporation (AMSC) announced plans to offer and sell shares of its common stock in an underwritten public offering, with a potential 30-day option for underwriters to purchase additional shares. The offering is subject to market conditions, and AMSC has not guaranteed the completion or specific terms of the sale. Proceeds from the offering will be used for working capital and general corporate purposes, including possible strategic acquisitions. Oppenheimer & Co. Inc. will serve as the sole book-running manager. ASEC's effective shelf registration statement will permit the offering, and details will be provided in a preliminary prospectus supplement to be filed with the SEC. The announcement includes forward-looking statements regarding the offering and associated risks, emphasizing management's expectations and the uncertainties that may affect actual results.
Potential Positives
- AMSC is engaging in an underwritten public offering, which can provide a significant influx of capital to support its business operations.
- The company intends to use the net proceeds for working capital and general corporate purposes, including potential strategic acquisitions, indicating a focus on growth and expansion.
- The effective shelf registration statement allows AMSC to proceed with the offering efficiently, demonstrating preparedness and compliance with regulatory requirements.
Potential Negatives
- AMSC's announcement of a public offering of shares indicates a need for additional capital, which may raise concerns among investors about the company's financial stability and ability to sustain operations without diluting existing shareholder value.
- The uncertainty surrounding market conditions and the timing of the offering may cause volatility in AMSC's stock price, potentially leading to a lack of investor confidence.
- The press release includes multiple disclaimers regarding forward-looking statements, highlighting the inherent risks and uncertainties in AMSC's business, which may deter potential investors from participating in the offering.
FAQ
What is AMSC planning to do in the public offering?
AMSC intends to offer and sell shares of its common stock in an underwritten public offering.
Who is managing the public offering?
Oppenheimer & Co. Inc. is acting as the sole book-running manager for the offering.
How will AMSC use the proceeds from the offering?
The net proceeds will be used for working capital and general corporate purposes, including potential strategic acquisitions.
Where can I find the prospectus for the offering?
The preliminary prospectus will be filed with the SEC and available from Oppenheimer & Co. Inc. and the SEC's website.
What are forward-looking statements in the press release?
Forward-looking statements indicate management's expectations about future events, which are uncertain and subject to risks.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AMSC Insider Trading Activity
$AMSC insiders have traded $AMSC stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $AMSC stock by insiders over the last 6 months:
- DANIEL P MCGAHN (Chairman, President and CEO) has made 0 purchases and 4 sales selling 143,159 shares for an estimated $3,795,383.
- JOHN W JR KOSIBA (SVP, CFO & Treasurer) has made 0 purchases and 4 sales selling 66,604 shares for an estimated $1,761,298.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AMSC Hedge Fund Activity
We have seen 101 institutional investors add shares of $AMSC stock to their portfolio, and 129 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ATREIDES MANAGEMENT, LP added 824,040 shares (+inf%) to their portfolio in Q1 2025, for an estimated $14,948,085
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 296,792 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $5,383,806
- RAYMOND JAMES FINANCIAL INC removed 255,757 shares (-61.8%) from their portfolio in Q1 2025, for an estimated $4,639,431
- UBS GROUP AG removed 250,665 shares (-58.9%) from their portfolio in Q1 2025, for an estimated $4,547,063
- TREXQUANT INVESTMENT LP added 242,369 shares (+inf%) to their portfolio in Q1 2025, for an estimated $4,396,573
- QUBE RESEARCH & TECHNOLOGIES LTD added 225,433 shares (+122.5%) to their portfolio in Q1 2025, for an estimated $4,089,354
- BALYASNY ASSET MANAGEMENT L.P. removed 216,787 shares (-90.7%) from their portfolio in Q1 2025, for an estimated $3,932,516
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
AYER, Mass., June 10, 2025 (GLOBE NEWSWIRE) -- American Superconductor Corporation (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability and resiliency of our Navy’s fleet, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. AMSC also expects to grant the underwriters a 30-day option to purchase additional shares of common stock offered in the public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. AMSC intends to use the net proceeds from the proposed offering for working capital and general corporate purposes, including potential strategic acquisitions.
Oppenheimer & Co. Inc. is acting as the sole book-running manager for the offering.
A shelf registration statement relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (SEC) and is effective. The securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the securities being offered may also be obtained, when available, from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, or by telephone at (212) 667-8563, or by email at [email protected]. Electronic copies of the preliminary prospectus supplement and accompanying prospectus will also be available on the SEC's website at http://www.sec.gov . The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among other things, statements regarding the completion of the offering and the intended use of net proceeds therefrom, and other statements containing the words “intends,” "believes," "anticipates," "plans," "expects," "will" and similar expressions. Such forward-looking statements represent management’s current expectations and are inherently uncertain. There are a number of important factors that could materially impact the value of AMSC’s common stock or cause actual results to differ materially from those indicated by such forward-looking statements. These important factors include, but are not limited to: the risk and uncertainties associated with market conditions and satisfaction of customary closing conditions related to the public offering, as well as risks and uncertainties in AMSC’s business, including those risks discussed in the "Risk Factors" section in the preliminary prospectus supplement related to the offering and in Part I, Item 1A of AMSC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2025 and AMSC’s other reports filed with the SEC. These important factors, among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. Any such forward-looking statements represent management's estimates as of the date of this press release. While AMSC may elect to update such forward-looking statements at some point in the future, AMSC disclaims any obligation to do so, even if subsequent events cause its views to change. These forward-looking statements should not be relied upon as representing its views as of any date subsequent to the date of this press release. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Contacts
Nicol Golez
Phone: 978-399-8344
[email protected]
Investor Relations
Carolyn Capaccio
(212) 838-3777
[email protected]
Public Relations
RooneyPartners
Joe Luongo
(914) 906-5903
[email protected]