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Superconductor Technologies
Inc.
SCON ("STI"), a world leader in the development and production
of high temperature superconducting (HTS) materials and associated
technologies, today announced the pricing of a registered direct offering of
6,250,000 shares of common stock at an offering price of $0.32 per share. The
gross proceeds to STI from this offering are expected to be $2.0 million,
before deducting placement agent fees and other estimated offering expenses.
The offering is expected to close on December 18, 2012, subject to customary
closing conditions.
Aegis Capital Corp. is acting as the sole placement agent for this offering.
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