secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK:        0000880807
Form:       8-K
Filed at:   2025-12-10T23:59:59+00:00
Accession:  0001193125-25-314153
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMSC buys Comtrafo for BRL 300M cash, 2.4M shares, plus earnout up to BRL 382.5M
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- Deal consideration: BRL 300M cash (Cash Component), 2,417,142 AMSC restricted shares, plus BRL 155.6M for real estate and BRL 13.4M for transportation assets.
- Earnout of up to BRL 382.5M contingent on Comtrafo achieving specified EBITDA targets over three years post-closing.
- Comtrafo's 2024 revenue ~$50M, gross margin ~30%, operating margin ~20%; backlog ~$85M total, ~$55M in 12-month backlog.
- Comtrafo employs ~580 people and operates ~350,000 sq ft of manufacturing space in Cornélio Procópio, Brazil.
- AMSC obligated to file resale registration statement for the AMSC Shares within 20 business days or face cash alternative of BRL 450M plus interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880807/000119312525314153/0001193125-25-314153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880807/000119312525314153/d24846d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-314153

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