Astrotech Announces Closing of Approximately $9.25 Million Registered Direct Offering Priced At-the-Market

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Feb 16, 2021
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Astrotech Corporation (NASDAQ: ASTC), today announced that it has closed its previously announced registered direct offering priced at-the-market under Nasdaq rules of 2,845,535 shares of its common stock at an offering price of $3.25 per share for aggregate gross proceeds of approximately $9.25 million. The Company intends to use the net proceeds from this offering for continuing operating expenses and working capital.