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Returning to its closing price of YESTERDAY!! (Pure HYPE. And I almost bought this crap this morning!)
BREAKING NEWS: $ASTC Astrotech Announces Pricing of $18.0 Million Upsized Public Offering
Astrotech Corporation (Nasdaq: ASTC), today announced the pricing of a public offering of an aggregate of 7,826,086 shares of common stock, at a purchase price of $2.30 per share of common stock. The closing of the public offering is expected to occur on or about October 23, 2020, subje...
Read the whole news ASTC - Astrotech Announces Pricing of $18.0 Million Upsized Public Offering
Astrotech Announces Pricing of $18.0 Million Upsized Public Offering
AUSTIN, Texas--(BUSINESS WIRE)-- Astrotech Corporation (Nasdaq: ASTC), today announced the pricing of a public offering of an aggregate of 7,826,086 shares of common stock, at a purchase price of $2.30 per share of common stock. The closing of the public offering is expected to occur on or about October 23, 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 of the offering are expected to be approximately $18.0 million, prior to deducting placement agent’s fees and other offering expenses payable by Astrotech. Astrotech plans to use the proceeds from the offering for continuing operating expenses and working capital.
The securities described above are being offered by Astrotech pursuant to a registration statement on Form S-1 (File No. 333-239705) previously filed with and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on October 21, 2020 and an additional registration statement on Form S-1 filed pursuant to Rule 462(b) which became automatically effective on October 21, 2020. The offering is being made only by means of a prospectus forming part of the effective registration statement. A preliminary prospectus relating to the offering has been filed with the SEC. Electronic copies of the preliminary prospectus and, when available, electronic copies of the final prospectus relating to the offering may be obtained for free by visiting the SEC’s website at www.sec.gov or by contacting H.C. Wainwright & Co., LLC, 430 Park Avenue, 3rd Floor, New York, New York 10022, by email at placements@hcwco.com or by telephone at 646-975-6996.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Well, on SECOND thought/theory, maybe NOT quite $20.00 (US) today. But then, would-ya-believe $1.90 at Close today --- at BEST?????????
In FACT, "KABOOOOOM" the OTHER way --- DOWN!! Yet another 'THE-NEXT-GREAT-THING' routine. A (purported) 'Quick-&-Easy' Covid-19-Breath-Detector gadget; which ASTC does NOT even have yet; and is NOT even on the proverbial 'Drawing Boards' yet; and is NOT even years away from actual SALES of such yet. PURE HYPE! CRASH-&-BURN!! As the BAGHOLDERS --- who bought this crap at its $4.88 morning gap-up today --- have now belatedly DISCOVERED!!!
good luck on this now toast!!!! was hoping for another 10- 10.30 spike didnt happen got out
Going the wrong way. You still predicting 20.+ today?
That's GREAT NEWS, BTW!!!
8K.....
Item 8.01. Other Events.
On October 20, 2020, Astrotech Corporation (the “Company”) issued a press release announcing that its subsidiary BreathTech Corporation signed a joint development and option agreement (the “Agreement”) with the Cleveland Clinic Foundation (the “Cleveland Clinic”). Pursuant to the Agreement, the Company and the Cleveland Clinic will collaborate in efforts to develop a rapid breath test for coronavirus infection or related indicators, using the Company’s mass spectrometry technology and collection of data related thereto through an investigator initiated clinical study performed by the Cleveland Clinic.
As previously reported, on April 14, 2020, the Company entered into a $541,500 Paycheck Protection Program Promissory Note and Agreement (the “PPP Promissory Note”) with a commercial bank (the “Bank”) under the Coronavirus Aid, Relief, and Economic Security Act. On October 19, 2020, the Company and the Bank entered into a Cash Reserve Agreement wherein the Company agreed to deliver to the Bank an amount equal to $541,500 (the “Cash Amount”), to be held in in a separate account in accordance with the terms and conditions of the Cash Reserve Agreement for the purpose of establishing a source of payment for the Company’s obligations to repay and/or obtain forgiveness of the PPP Promissory Note.
On October 20, 2020, the Company received a letter from the staff of the Fort Worth Regional Office of the U.S. Securities and Exchange Commission (the “SEC”) informing the Company that the SEC staff had concluded the previously announced informal, fact-finding inquiry relating to certain press releases issued by the Company in March 2020 regarding the BreathTest-1000™ lung disease screening device currently under development by the Company. The letter advised the Company that the SEC staff does not intend to recommend an enforcement action against the Company.
A copy of the Agreement, the press release and the Cash Reserve Agreement are attached hereto as Exhibits 99.1, 99.2 and 99.3, respectively.
https://ih.advfn.com/stock-market/NASDAQ/astrotech-ASTC/stock-news/83498903/current-report-filing-8-k
IN ASTC. Waited for the drop to fill the gap,
in at $3.81.
It'll take off AGAIN with more news...
JMO
I'm out again, I was hoping we would go towards $ 6, but unfortunately ASTU didn't go over $ 6 here, so bye (what a shame)
Stuck in traffic?
fwiw dept: cleveland clinic brings credibility to astrotech, imo
best of luck to all.
Yes, these are only trades, you got out just in time and so did I. Number one rule for me, once I get out, I never look at the stock ever again, no matter how good it was for me.
I love it :)
yep, the KODAK PLAYERS WILL BE HERE SOON!
Volume is there but sp not really taking off
$20 TODAY - THAT WOULD BE AWESOME
One hell of a dip. 6.14 to 4.00
now dip and soon KABOOOOOOOM
ASTC $6.1, doubling down on my $20+ PREDICTION for today
Ill take 10.00 but lets see
yep, because the float is TINY!
One hell of a prediction
ASTC $20+ TODAY IMO!
ASTC 5M FLOAT already traded.
ASTC KODAK TYPE MOVE TODAY IMO!
ASTC 5.03 PREMARKET
It might hit $8 tomorrow but I was good with 110% Gain...
Check out abi.o for one that went from $4 to $21 in 24 hours this past summer.
It's done similar moves in the past like 4 times
I had that long time ago, very good stock and biotech, but it is overextended.
Yup. I'm not quite above $25,000 yet.
By December I should be lol
It's a battle down here
I'm glad you made bank!!!
Only 700 shares? I had 20,000 shares between 2.75 and 2.95 sold between 6 and 6.50.
What is Pst.i ??
Yeah I sold all 700 at the top. Extremely happy with a Gain of $2,400 . So far my best trade in 30 days lol
I just know its probably gonna pullback to the $4,s at like 4AM when I can't even trade it.
I like risk but not that kind of risk LoL
In at 3.17 Put at 6.69 No Regrets! Up 110% in 90 Mins WOW!!!
I’m out half. Riding 400 freebies just in case
$6.00+ WOWEEEEEEE
I wanna sell LOL
You said it and now I'm seeing it
Right. What a Beast!!!
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Interview with our Chairman and CEO, Tom Pickens
Fox Business’ Varney & Co. - https://video.foxbusiness.com/v/6203884644001
Interviews with Raed Dweik, M.D., Chairman of Cleveland Clinic’s Respiratory Institute:
WKYC, Cleveland - https://www.wkyc.com/article/news/health/coronavirus/cleveland-clinic-covid-19-breath-test/95-3706751c-d132-4c11-9697-0dab58d81be1
Fox 8, Cleveland - https://fox8.com/news/cleveland-clinic-working-with-texas-based-company-to-create-breath-test-for-covid-19/
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Astrotech Corporation (NASDAQ: ASTC) announced today that its 1st Detect subsidiary has received a Gold Award for its TRACER 1000 explosives trace detector (ETD) in the Best CBRNE Detection System category at American Security Today’s ‘ASTORS’ Homeland Security Awards program.
“We are honored and humbled to receive the award, as it is a recognition of our core philosophy of differentiation through innovation,” said Raj Mellacheruvu, Chief Executive Officer of 1st Detect. “It has long been known that mass spectrometry is the superior technology for detecting explosives. We have solved the ease of use and ruggedness challenges of traditional mass spectrometry and we now have instruments deployed and in service throughout Europe. In addition, with our near zero false alarms, our instruments cost less than the competing technology and we are quickly becoming recognized as technological leaders in the industry.”
The Annual ‘ASTORS’ Awards, now in its fifth year, is the preeminent U.S. Homeland Security Awards Program, highlighting the most cutting-edge and forward-thinking security solutions coming onto the market today. The program is specifically designed to honor distinguished government and vendor solutions that deliver enhanced value, benefit and intelligence to end users in a variety of government, homeland security, enterprise and public safety vertical markets.
“Today, the United States is increasingly focusing on protecting public spaces, as well as IT/cybersecurity networks, and they are calling on innovative companies like 1st Detect to help them do so,” according to Tammy Waitt, co-founder and editorial director of American Security Today. “‘ASTORS’ nominations are evaluated on their technical innovation, interoperability, specific impact within the category, overall impact to the industry, relatability to other industry technologies and application feasibility outside of the industry.”
The TRACER 1000 is the only certified ETD that uses mass spectrometry, the world’s gold standard instrumentation used to identify complex chemical compounds. Checkpoint and cargo certification was received from the European Civil Aviation Conference (ECAC) enabling TRACER 1000 sales in Europe and much of the rest of the world. Additionally, on September 9, 2020, the TRACER 1000 passed the non-detection testing of the U.S. Transportation Security Administration’s (TSA) Air Cargo Screening Technology Qualification Test (ACSQT). Upon successful completion of detection testing, which is the next and final phase, the TRACER 1000 will be added to the Air Cargo Screening Technology List (ACSTL) as an “approved” ETD for sales to the cargo screening market within the United States.
“After many years of hard work, innovation and investment, we are poised for continued growth in the security industry which will be followed by product introductions in the fields of agriculture and medicine. This is an exciting time as we begin our scale cycle and we are pleased to have our superior technology be recognized by a leading voice in the security industry,” concluded Mellacheruvu.
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