Astrotech Announces $1.77 Million Registered Direct Offering Priced At-the-Market
Astrotech Corporation (ASTC)
US:NASDAQ Investor Relations:
astrotechcorp.com/#!for-investors/c22sj
Company Research
Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--Astrotech Corporation (NASDAQ: ASTC), today announced that it has entered into definitive agreements with several institutional investors for the purchase and sale of 354,000 shares of Astrotech's common stock, at a purchase price of $5.00 per share, in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about March 27, 2020, subject to the satisfaction of customary closing conditions.H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.The gross proceeds to Astrotech from this offering are expected to be $1.77 million, before deducting the placement agent’s fees and other offering expenses payable by Astrotech. The Company intends to use the net proceeds from this offering for continuing operating expenses and working capital.The shares of common stock are being offered by Astrotech pursuant to a "shelf" registration statement on Form S-3 (File No.
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ASTC
Sec Filings
- 3/26/24 - Form 8-K
- 3/19/24 - Form 4
- 3/18/24 - Form 4
- ASTC's page on the SEC website