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Superconductor Technologies Inc. Announces $9.5 MILLION PUBLIC OFFERING

The following excerpt is from the company's SEC filing.

Austin, TX October 9, 2015

Superconductor Technologies Inc. (STI) (Nasdaq:SCON), a world leader in the development and production of high temperature superconducting (HTS) materials and associated technologies, today announced the pricing of a public offering with expected total gross proceeds of approximately $9.5 million. The offering is expected to close on or about October 14, 2015, subject to satisfaction of customary closing conditions.

The offering was priced at $0.35 per share of common stock (or common stock equivalent), with each share of common stock coupled with a six-month warrant t o purchase one share of common stock, at the public offering price, and a five-year warrant to purchase 0.75 of a share of common stock, at a purchase price of $0.40 per share.

Rodman & Renshaw, a unit of H.C. Wainwright & Co., acted as the sole book runner in connection with the offering. Dawson James Securities, Inc. acted as a co-manager in connection with the offering.

STI intends to use the net proceeds from the offering for working capital and general corporate purposes.

The securities are being offered pursuant to an effective registration statement on Form S-1 (File No. 333-206496) that was previously filed with the Securities and Exchange Commission (SEC). The securities may be offered only by means of a prospectus. The preliminary prospectus related to the offering has been filed with the SEC and a final prospectus related to the offering will be filed with the SEC on or about October 9, 2015. Copies of the preliminary prospectus and the final prospectus, when available, are on the SECs...


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