Astrotech Corporation’s $18 Million Upsized Public Offering


Sheppard Mullin advised Astrotech Corporation on the deal.

Astrotech Corporation (NASDAQ: ASTC) announced that it has closed its previously announced public offering of an aggregate of 7,826,086 shares of its common stock at a purchase price of $2.30 per share for aggregate gross proceeds of approximately $18.0 million. The Company intends to use the net proceeds from this offering for continuing operating expenses and working capital.

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

The Sheppard Mullin team was led by partners John Hempill (Picture) and Steve Cohen with assistance from associates Justin Anslow and Brett Uslaner.

Involved fees earner: Justin Anslow – Sheppard Mullin; Stephen Cohen – Sheppard Mullin; John Hempill – Sheppard Mullin;

Law Firms: Sheppard Mullin;

Clients: Astrotech Corp;

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Author: Ambrogio Visconti