ISCO-Illinois Superconductor Message Board

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Technology Stocks : ISCO-Illinois Superconductor

ISCO 0.141

-6.0%

Oct 30 9:49 AM EST

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From: Dave Swanson	1/12/2001 4:35:34 PM
	of 524

Friday January 12, 4:24 pm Eastern Time Illinois Superconductor files $50 mln shelf offering WASHINGTON, Jan 12 (Reuters) - Illinois Superconductor Corp. (OTC BB:ISCO.OB - news) filed a shelf registration on Friday with the Securities and Exchange Commission for up to $50 million in common and preferred stock and warrants. The Mt. Prospect, Ill.-based company plans to use the net proceeds for general corporate purposes, which may include capital contributions to units, it said in the filing. Under a shelf registration, a company may sell securities from time to time in one or more separate offerings in amounts, at prices and on terms to be determined at the time of sale. Illinois Superconductor was founded in 1989 by an affiliate of the University of Chicago to commercialize superconductor technologies initially developed by Argonne National Laboratory. The company's shares ended trading at $2-1/16 on the Bulletin Board. The stock has been as high as $39 in the past 52 weeks. Email this story - Most-emailed articles - Most-viewed articles -------------------------------------------------------------------------------- More Quotes and News: Illinois Superconductor Corp (OTC BB:ISCO.OB - news) Related News Categories: IPOs, US Market News -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright © 2001 Yahoo! Inc. All rights reserved.Privacy Policy - Terms of Service Copyright 2001 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Questions or Comments?

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