Corporate ActionJun 3, 2026, 06:07 AM
Astrotech Enters $24.5M At-The-Market Stock Offering Agreement
AI Summary
Astrotech Corporation entered into an at-the-market offering agreement with H.C. Wainwright & Co., LLC on June 2, 2026. This agreement allows Astrotech to offer and sell shares of its common stock with an aggregate offering price of up to $24,492,819. Sales will be conducted through Wainwright, who will receive a 3.0% commission on gross proceeds, though the company is not obligated to sell any shares.
Key Highlights
- Astrotech Corporation entered an at-the-market (ATM) offering agreement with H.C. Wainwright & Co., LLC.
- The agreement allows for the sale of common stock with an aggregate offering price of up to $24,492,819.
- Sales will be made from time to time through Wainwright via ordinary brokers' transactions on The Nasdaq Capital Market.
- Astrotech will pay Wainwright a commission rate of 3.0% of the aggregate gross proceeds from each sale.
- The company is not obligated to make any sales of shares under the offering agreement.
- The offering is pursuant to a shelf registration statement on Form S-3 (File No. 333-293023).
Price Impact
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