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American Superconductor inks $30 million at-the-market sales agreement
Offering will be conducted by agent MLV, company reports in 8-K filing
By Devika Patel
Knoxville, Tenn., Nov. 18 - American Superconductor Corp. arranged a $30 million at-the-market issuance sales agreement with MLV & Co. LLC on Nov. 15, according to an 8-K and prospectus supplement filed Monday with the Securities and Exchange Commission.
MLV will be paid a 3% commission.
Proceeds will be used for general corporate purposes, including working capital.
Based in Devens, Mass., American Superconductor provides megawatt-scale services for wind power.
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