American Superconductor has entered into a Stock Purchase Agreement to acquire Megatran Industries for $61.35M on August 1, 2024. The purchase consideration includes $25M in cash (subject to adjustments), $31.35M in restricted common stock shares, and an additional $5M cash payment with adjustments.Megatran's preliminary financial results show strong growth, with net sales increasing from $56.16M in 2022 to $72.32M in 2023. For H1 2024, the company reported net sales of $38.30M and net income of $4.92M, demonstrating continued momentum.The agreement includes specific provisions for share registration, requiring American Superconductor to file either a new registration statement or prospectus supplement within 10 business days. If registration effectiveness is not achieved within 60 days, the company must pay $31.35M in cash to the selling stockholders for share cancellation.

American Superconductor has entered into a Stock Purchase Agreement to acquire Megatran Industries for $61.35M on August 1, 2024. The purchase consideration includes $25M in cash (subject to adjustments), $31.35M in restricted common stock shares, and an additional $5M cash payment with adjustments.Megatran's preliminary financial results show strong growth, with net sales increasing from $56.16M in 2022 to $72.32M in 2023. For H1 2024, the company reported net sales of $38.30M and net income of $4.92M, demonstrating continued momentum.The agreement includes specific provisions for share registration, requiring American Superconductor to file either a new registration statement or prospectus supplement within 10 business days. If registration effectiveness is not achieved within 60 days, the company must pay $31.35M in cash to the selling stockholders for share cancellation.