Astrotech announces $9.25 million registered direct offering priced at-the-market

Austin, texas--(business wire)--astrotech corporation (nasdaq: astc), today announced that it has entered into definitive agreements with several institutional investors for the purchase and sale of 2,845,535 shares of astrotech's common stock, at a purchase price of $3.25 per share, in a registered direct offering priced at-the-market under nasdaq rules. the closing of the offering is expected to occur on or about february 16, 2021, subject to the satisfaction of customary closing conditions.
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