Showing 1-10 of about 120 articles.
Superconductor Technologies Inc.
Resonant Completes $7 million Private Placement
AUSTIN, Texas, June 18, 2013 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq:SCON), a world leader in the development and production of high temperature superconducting (HTS) materials and associated technologies, announced Resonant Inc., an STI spin-out, raised $7 million in a private placement exclusive of STI. Resonant was spun-out in July 2012 to leverage Reconfigurable Resonance™ (RcR) technology developed by STI for advanced wireless applications. This funding enables Resonant to continue to commercialize RcR technology for the rapidly growing mobile communications industry. After this June 2013 investment, Resonant's management and new investors own the majority of equity and equity equivalents, and STI holds a convertible note that represents a minority of Resonant's fully diluted equity.
Superconductor Technologies Inc.
Superconductor Technologies Inc. Announces Timing of First Quarter 2013 Results Conference Call
AUSTIN, Texas, April 26, 2013 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq:SCON), a world leader in the development and production of high temperature superconducting (HTS) materials and associated technologies, intends to release its first quarter 2013 financial results before the market opens on Wednesday, May 8, 2013. STI will host a conference call and simultaneous webcast that same day at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time to discuss its results. Participating in the call will be Jeff Quiram, president and chief executive officer; and Bill Buchanan, vice president and chief financial officer.
Superconductor Technologies Inc.
Superconductor Technologies Inc. to Raise $2.18 Million in Registered Direct Offering
AUSTIN, Texas, April 24, 2013 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. ("STI" or the "Company"), (Nasdaq:SCON), today announced that it has entered into a definitive agreement with institutional investors for a registered direct placement of approximately $2.18 million of common stock at a price of $4.25 per share. In addition, the Company will issue to the investors warrants to purchase up to an aggregate of 513,827 shares of common stock. The warrants have an exercise price of $5.45 per share, and are exercisable 12 months and one day after issuance. One half of the warrants terminate two years after the date of issuance and the other one half terminate six years after the date of issuance.
Superconductor Technologies Inc.
Superconductor Technologies Inc. Regains NASDAQ Compliance
AUSTIN, Texas, March 27, 2013 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq:SCON), a world leader in the development and production of high temperature superconducting (HTS) materials and associated technologies, announced it received notification from The NASDAQ Stock Market on March 26, 2013, that NASDAQ's staff has determined that the Company has regained compliance with NASDAQ Listing Rule 5550(a)(2), which requires that listed securities maintain a minimum closing bid price of $1.00 per share. NASDAQ advised the Company that the matter of the Company's compliance with that requirement is now closed.
Superconductor Technologies Inc.
Superconductor Technologies Inc. Completes 1-for-12 Reverse Stock Split
AUSTIN, Texas, March 11, 2013 (GLOBE NEWSWIRE) -- 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 that it is effecting a one-for-twelve (1:12) reverse split of its common stock, effective at the close of business today. The reverse stock split, which was authorized by its Board of Directors, was approved by STI's stockholders on March 11, 2013 at a Special Meeting of the Stockholders. Upon tomorrow's (March 12) market open, STI's common stock will continue trading on a split-adjusted basis under the symbol SCON with a new CUSIP number.
Showing 1-10 of about 120 articles.