American Superconductor Corporation (AMSC) has priced its underwritten public offering of 4.125 million shares of its common stock at a public offering price of $28.00 per share. AMSC expects the gross proceeds from this offering to be $115.5 million, before deducting the underwriting discounts and commissions and other estimated offering expenses.
AMSC intends to use the net proceeds for working capital and general corporate purposes, including potential strategic acquisitions. The company expects to close the offering on or about June 12, 2025.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.