American Superconductor Corporation has acquired Megatran Industries, Inc. for $61.35M on August 1, 2024. The purchase price includes $25M in cash (adjusted for debt and expenses), $31.35M in AMSC restricted shares, and a $5M additional cash payment.The deal requires AMSC to register the issued shares for resale within 10 business days, with specific conditions for cash payments if registration deadlines are not met. Megatran's preliminary financials show significant growth, with net sales increasing from $56.16M in 2022 to $72.32M in 2023, and net income rising from $611,000 to $8.13M in the same period.AMSC will file required financial statements and pro forma information within 71 days. The acquisition aims to integrate Megatran's operations, though risks include potential integration challenges and litigation.

American Superconductor Corporation has acquired Megatran Industries, Inc. for $61.35M on August 1, 2024. The purchase price includes $25M in cash (adjusted for debt and expenses), $31.35M in AMSC restricted shares, and a $5M additional cash payment.The deal requires AMSC to register the issued shares for resale within 10 business days, with specific conditions for cash payments if registration deadlines are not met. Megatran's preliminary financials show significant growth, with net sales increasing from $56.16M in 2022 to $72.32M in 2023, and net income rising from $611,000 to $8.13M in the same period.AMSC will file required financial statements and pro forma information within 71 days. The acquisition aims to integrate Megatran's operations, though risks include potential integration challenges and litigation.