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American Superconductor Corporation (AMSC) has announced that it has priced its underwritten public offering of 4,000,000 shares of its common stock at a public offering price of US $4.00 per share.

AMSC expects the gross proceeds from this offering to be US$ 16,000,000, before deducting the underwriting discount and other estimated offering expenses. AMSC has granted the underwriters a 30-day option to purchase up to 600,000 additional shares of its common stock. AMSC expects to close the offering, subject to customary conditions, on or about May 10, 2017.

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