AMSC to sell 5.4M shares at $11.25 in public offering; expects ~$56.6M net proceeds

AMERICAN SUPERCONDUCTOR CORP /DE/

Pricing of 5,400,000 shares at $11.25 per share via underwritten public offering.
Expected net proceeds of ~$56.6M after underwriting discounts and expenses; proceeds for working capital and general corporate purposes.
Closing expected on or about February 2, 2024; underwriters have 30-day option to purchase up to 810,000 additional shares.
Offering made under effective shelf registration statement on Form S-3.

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