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September 1, 2009 (FinancialWire) -- Superconductor Technologies Inc. (NASDAQ: SCON | Quote | Chart | News | PowerRating) announced The NASDAQ Stock Market accepted on August 28th the company's compliance plan regarding the previously disclosed NASDAQ staff determination that should have obtained stockholder approval of its June 2009 public offering.
Under the compliance plan, a Superconductor Technologies stockholder has agreed to dispose of approximately 1.1 million shares prior to June 30, 2010 and has granted Superconductor Technologies a proxy to vote those shares (until they are disposed of) on any given matter in the same proportion (for, against and abstaining) as the shares of Superconductor Technologies common stock held by other stockholders are voted on the matter.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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