Astrotech (ASTC) Raises Size of Bought Deal Share Offering to $32.5M

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Astrotech Increases Previously Announced Bought Deal Offering of Common Stock to $32.5 Million

April 7, 2021 10:32 PM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- Astrotech Corporation (NASDAQ: ASTC), today announced that, due to demand, the underwriter has agreed to increase the size of the previously announced public offering and purchase on a firm commitment basis 21,639,851 shares of common stock of the Company at a price to the public of $1.50 per share, less underwriting discounts and commissions. The closing of the offering is expected to occur on or about April 12, 2021, subject to satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the sole book-running manager for the... More