Astrotech (NASDAQ: ASTC) ends share sale run after raising $7.9M
Rhea-AI Filing Summary
Astrotech Corp. (ASTC) previously registered up to $24,492,819 of common stock for sale in an at-the-market program through H.C. Wainwright & Co. From June 3, 2026 to this supplement date, the company sold 258,856 shares for gross proceeds of approximately $7.9 million.
This supplement terminates the continuous offering under the June Prospectus effective August 19, 2026, and no further shares will be sold under that document. The at-the-market Offering Agreement remains in effect, and any future sales of common stock under it will be made pursuant to a new August 19, 2026 prospectus supplement to the company’s S-3 shelf, which covers up to $50 million of common stock.
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Key Figures
Last reported share price: $7.94 per share
ATM capacity under June Prospectus: $24,492,819
Shares sold under June Prospectus ATM: 258,856 shares
+2 more
5 metrics
Last reported share price
$7.94 per share
Common stock on Nasdaq Capital Market as of August 19, 2026
ATM capacity under June Prospectus
$24,492,819
Common stock registered for offer and sale pursuant to the Offering Agreement
Shares sold under June Prospectus ATM
258,856 shares
Common stock sold from June 3, 2026 through date of this supplement
Gross proceeds from ATM sales
$7.9 million
Approximate gross proceeds from 258,856 shares sold under the Offering Agreement
New ATM shelf capacity
$50 million
Shares of common stock covered by August 19, 2026 prospectus supplement to S-3 Registration Statement
Key Terms
at the market offerings, shelf registration statement, base prospectus, prospectus supplement
4 terms
at the market offerings financial
"as sales agent, in “at the market offerings” as defined in Rule 415"
At-the-market offerings are a way for a company to raise cash by selling newly issued shares directly into the open market at the current trading price through a broker, rather than in a single large sale. Think of it like topping up a gas tank a little at a time at whatever the pump price is; it gives the company flexibility to raise money when conditions are favorable but can increase the number of shares outstanding and dilute existing investors, and frequent or large sales can put downward pressure on the stock price.
shelf registration statement financial
"the Company filed a shelf registration statement on Form S-3"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
base prospectus financial
"Form S-3 ... and the related base prospectus with the SEC"
A base prospectus is a detailed document that provides essential information about a financial offering, such as a bond or share issue. It acts like a comprehensive guide for investors, explaining what the investment involves, the risks involved, and how the process works. This helps investors make informed decisions before committing their money.
prospectus supplement financial
"filed a prospectus supplement to the Registration Statement"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
Offering Details
ATM
Offering
Offering Type
ATM
FAQ
What change does Astrotech Corp (ASTC) announce in this 424B5 supplement?
Astrotech terminates its prior at-the-market offering under the June Prospectus effective August 19, 2026. The Offering Agreement continues, but any future common stock sales will occur under a new August 19, 2026 prospectus supplement to the company’s S-3 shelf.
How much stock had Astrotech (ASTC) registered and sold under the June Prospectus ATM program?
Astrotech had registered up to $24,492,819 of common stock under the June Prospectus. Between June 3, 2026 and this supplement, it sold 258,856 shares for gross proceeds of approximately $7.9 million through the at-the-market program.
What is the size of Astrotech’s new ATM capacity under the August 2026 prospectus supplement?
The August 19, 2026 prospectus supplement covers the offer and sale of up to $50 million of common stock. These shares may be sold from time to time under the existing Offering Agreement with H.C. Wainwright & Co. as sales agent.
Is the at-the-market Offering Agreement with H.C. Wainwright still active for ASTC?
Yes. The filing states the Offering Agreement with H.C. Wainwright & Co. remains in full force and effect. Only the June Prospectus is terminated; future sales under the agreement will rely on the August 19, 2026 prospectus supplement.
What was the recent market price of Astrotech (ASTC) common stock mentioned here?
On August 19, 2026, the last reported sale price of Astrotech’s common stock on the Nasdaq Capital Market was $7.94 per share. This gives context for the company’s at-the-market offering activity and potential future share issuances.
AI-generated analysis. How Rhea-AI works. Not financial advice.
