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Prospectus Supplement to
Prospectus Dated May 16, 2000
Registration No. 333-77337
Filed Pursuant to Rule 424(b)(3)
ILLINOIS SUPERCONDUCTOR CORPORATION
SUPPLEMENT
TO
PROSPECTUS DATED MAY 16, 2000
This is a Supplement to Illinois Superconductor Corporation's
Prospectus, dated May 16, 2000 (the "Prospectus"), with respect to the offer and
sale of 619,716 shares of Common Stock, including preferred stock purchase
rights, of Illinois Superconductor Corporation. This Supplement amends and
supplements certain information contained in the Prospectus. We encourage you to
read this Supplement carefully.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSIONER HAS APPROVED OR DISAPPROVED OF THE SHARES OF ILLINOIS
SUPERCONDUCTOR CORPORATION COMMON STOCK TO BE ISSUED UNDER THIS SUPPLEMENT AND
THE PROSPECTUS OR DETERMINED IF THIS SUPPLEMENT OR THE PROSPECTUS IS TRUTHFUL OR
COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
THE DATE OF THIS SUPPLEMENT IS JULY 18, 2000.
QUARTERLY REPORT ON FORM 10-Q
1. Illinois Superconductor Corporation (the "Company") has filed with
the Securities and Exchange Commission a Quarterly Report on Form 10-Q for the
quarterly period ended March 31, 2000. The Company hereby incorporates by
reference into this Supplement and the Prospectus this Quarterly Report on Form
10-Q for the quarterly period ended March 31, 2000.
A copy of the Company's Quarterly Report on Form 10-Q for the quarterly
period ended March 31, 2000 is being provided to you along with this Supplement.
CURRENT REPORTS ON FORM 8-K
1. On May 15, 2000, the Company filed with the Securities and Exchange
Commission a Current Report on Form 8-K, reporting earnings for the quarter
ended March 31, 2000.
A copy of the Company's Current Report on Form 8-K filed on May 15,
2000 is being
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provided to you along with this Supplement.
2. On May 19, 2000, the Company filed with the Securities and Exchange
Commission a Current Report on Form 8-K, reporting on the Company's acquisition
of Spectral Solutions, Inc.
A copy of the Company's Current Report on Form 8-K filed on May 19,
2000 is being provided to you along with this Supplement.
3. On July 7, 2000, the Company filed with the Securities and Exchange
Commission a Current Report on Form 8-K, reporting on the adjournment of the
Company's annual meeting of stockholders until July 18, 2000, and the
forbearance by certain investors in the Company of their rights to demand
redemption of certain convertible notes.
A copy of the Company's Current Report on Form 8-K filed on July 7,
2000 is being provided to you along with this supplement.
4. On July 18, 2000, the Company filed with the Securities and Exchange
Commission a Current Report on Form 8-K, reporting that at its annual
stockholders meeting, the Company's stockholders approved all of the proposals
contained in the Company's proxy material.
A copy of the Company's Current Report on Form 8-K filed on July 18,
2000 is being provided to you along with this supplement.
Information about documents that have been incorporated by reference
into the Prospectus is included in the section of the Prospectus captioned
"Where You Can Find More Information."
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