Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425)
23 Juillet 2021 - 10:47PM
Edgar (US Regulatory)
Filed
by Superconductor Technologies Inc.
Pursuant
to Rule 425 under the Securities Act of 1933
Form
S-4 File No.: 333-256138
Subject
Company: Superconductor Technologies Inc.
Superconductor
Technologies Inc. (“STI”) has prepared a pre-recorded voice message to encourage its stockholders to vote on the proposals
outlined in the proxy statement/prospectus/consent solicitation included in the registration statement on Form S-4 filed by STI regarding
the proposed merger with Clearday. Included below is a transcript of the pre-recorded voice message.
Answering
Machine Message
Hi
this is _______________________. I’m calling regarding the shares you hold in Superconductor Technologies which is holding a special
meeting of stockholders to vote on the merger with Clearday. We are proxy solicitors authorized by Superconductor.
First:
Please read the proxy statement/prospectus (and any amendments or supplements) that Superconductor has filed with the SEC. They contain
important information. You can obtain the proxy statement/prospectus for free at the SEC’s website at www.sec.gov or from the participants
in the transaction.
The
special meeting date has been changed to August 10, 2021. If you voted before for the previous meeting date, you will need to vote again.
The proxy materials were mailed to you and are available through the Company’s website at www.suptech.com. You may vote via the
internet by visiting the website shown on your proxy card. You may call Advantage Proxy for assistance, toll free at (877) 870-8565.
The
merger cannot be completed unless Proposal Nos. 1, 2 and 3 are approved. The proxy describes Clearday and its business. The merger must
be approved for Superconductor stockholders to invest in Clearday’s business. The proxy also provides commonly asked questions
and answers about the merger and describes certain risks, including the risks if the merger is not approved.
For
assistance with voting, please contact us immediately at our toll free number (877) 870-8565. Thank you for your time and please remember
that your vote in favor of these proposals is very important – for the Company and for you. Please vote today!
***
Important
Additional Information and Where to Find It
This
filing is being made in connection with a proposed business combination (the “Merger”) involving Superconductor and Allied
Integral United, Inc. (“Clearday”). In connection with the proposed transaction between STI and Clearday, the parties have
filed relevant materials with the SEC, including a STI registration statement on Form S-4 that contains a combined proxy statement/prospectus/consent
solicitation statement. INVESTORS AND STOCKHOLDERS OF STI AND CLEARDAY ARE URGED TO READ THESE MATERIALS AND ANY OTHER RELEVANT DOCUMENTS
THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT CLEARDAY, THE PROPOSED MERGER AND RELATED MATTERS. Investors
and stockholders will be able to obtain free copies of the proxy statement, prospectus and other documents filed by Superconductor with
the SEC (when they become available) through the website maintained by the SEC at www.sec.gov. In addition, investors and stockholders
will be able to obtain free copies of the proxy statement, prospectus and other documents filed by Superconductor with the SEC by contacting
Superconductor by mail at Superconductor Technologies Inc., 9101 15511 W State Hwy 71, Suite 110-105Austin, TX 78738, (512) 650-7775,
Attention: Corporate Secretary. Investors and stockholders are urged to read the definitive proxy statement and information statement
and final prospectus and the other relevant materials when they become available before making any voting or investment decision with
respect to the Merger.
No
Offer or Solicitation
This
communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any
securities, or a solicitation of any vote, consent or approval by the holders of any securities, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section
10 of the Securities Act of 1933, as amended.
Participants
in the Solicitation
Superconductor
and its directors and executive officers and Clearday and its directors and executive officers may be deemed to be participants in the
solicitation of proxies from the stockholders of Superconductor in connection with the Merger. Information regarding the special interests
of these directors and executive officers in the Merger will be included in the definitive proxy statement and information statement
and final prospectus contained in the registration statement referred to above. Additional information about Superconductor’s directors
and executive officers is included in Superconductor’s definitive proxy statement filed with the SEC on April 26, 2019. These documents
are available free of charge at the SEC website (www.sec.gov) and from the Corporate Secretary of Superconductor at the address above.
Cautionary
Statement Regarding Forward-Looking Statements
This
communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and Section 27A of the Securities Act of 1933, as amended) concerning Superconductor, Clearday, the proposed Merger, and
other matters. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations
or financial condition, or otherwise, based on current beliefs of the management of Superconductor, as well as assumptions made by, and
information currently available to, management. Forward-looking statements generally include statements that are predictive in nature
and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,”
“would,” “expect,” “anticipate,” “plan,” “likely,” “believe,”
“estimate,” “project,” “intend,” and other similar expressions. Statements that are not historical
facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks
and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking
statement as a result of various factors, including, without limitation: the risk that the conditions to the closing of the proposed
Merger are not satisfied, including the failure to obtain stockholder approval for the proposed Merger in a timely manner or at all;
uncertainties as to the timing of the consummation of the proposed Merger and the ability of each of Superconductor and Clearday to consummate
the Merger; risks related to Superconductor’s ability to correctly estimate and manage its operating expenses and its expenses
associated with the proposed Merger pending closing; risks related to Superconductor’s likely need to file for bankruptcy if the
Merger is not timely approved and consummated; risks related to the failure or delay in obtaining required approvals from any governmental
or quasi-governmental entity necessary to consummate the proposed Merger; risks associated with the possible failure to realize certain
anticipated benefits of the proposed Merger, including with respect to future financial and operating results; the ability of Superconductor
or Clearday to protect their respective intellectual property rights; competitive responses to the Merger and changes in expected or
existing competition; unexpected costs, charges or expenses resulting from the proposed Merger; potential adverse reactions or changes
to business relationships resulting from the announcement or completion of the proposed Merger; regulatory requirements or developments;
changes in capital resource requirements; and legislative, regulatory, political and economic developments. The foregoing review of important
factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction
with statements that are included herein and elsewhere, including the risk factors included in Superconductor’s most recent Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC. Superconductor can give no assurance
that the conditions to the Merger will be satisfied. Except as required by applicable law, Superconductor undertakes no obligation to
revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information,
future events or otherwise.
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