![](https://investorshub.advfn.com/uicon/759024.png?cb=1613316366)
Wednesday, October 21, 2020 1:28:28 PM
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.
Recent ASTC News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/20/2024 06:19:59 PM
- TSA Grants 1st Detect’s TRACER 1000 Acceptance onto the “Approved” Section of the Air Cargo Security Technology List • GlobeNewswire Inc. • 06/20/2024 01:00:00 PM
- ASTROTECH SUBSIDIARY AGLAB, INC. ANNOUNCES JOINT EFFORT WITH SC LABS • GlobeNewswire Inc. • 06/13/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 01:16:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 01:46:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 04:54:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 12:45:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 08:52:32 PM
- Astrotech Reports Third Quarter of Fiscal Year 2024 Financial Results • GlobeNewswire Inc. • 05/13/2024 08:45:44 PM
- Astrotech Announces Listing to the GSA as an Approved United States Government Vendor • GlobeNewswire Inc. • 04/08/2024 01:00:00 PM
- Astrotech to Showcase the Tracer 1000 Trace Detector at ISC West Conference • GlobeNewswire Inc. • 04/02/2024 01:00:00 PM
- Astrotech Introduces the “Gold Standard” of Mass Spectrometry into Narcotics Detection Market with its State-of-the-Art Tracer 1000 • GlobeNewswire Inc. • 03/25/2024 01:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/13/2024 09:31:48 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 09:37:04 PM
- Astrotech Reports Second Quarter Of Fiscal Year 2024 Financial Results • GlobeNewswire Inc. • 02/12/2024 09:35:27 PM
- IBN Coverage Initiated for Astrotech Corp. • GlobeNewswire Inc. • 01/17/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/02/2024 09:28:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/18/2023 10:29:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/13/2023 04:13:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 09:57:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/29/2023 10:54:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/29/2023 10:35:31 PM
- Astrotech Presents the First Process Control System for Cannabinoid Oil Distillation Systems • GlobeNewswire Inc. • 11/28/2023 02:04:17 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/27/2023 06:23:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 08:58:39 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM