The ATM facility allows Astrotech to sell shares into market strength, creating persistent overhang. Monitor daily volume and price action for signs of accelerated selling. The company's small public float ($73.5M) means even modest daily ATM sales could pressure the stock. No earnings or operational catalysts in this filing to offset dilution.
Price Chart
Executive Summary
Astrotech Corp filed a 424B5 prospectus supplement for an at-the-market (ATM) offering of up to $24,492,819 in common stock through H.C. Wainwright & Co., with a 3.0% commission. The offering is taken from a $30M shelf registration (S-3) filed in January 2026. At the current stock price of $42.50 (June 2, 2026), this represents potential dilution of up to ~30% of the ~1.8M shares outstanding, with new investors facing immediate dilution of $30.76 per share based on an assumed price of $45.50.
Key Facts
- ATM offering of up to $24,492,819 in common stock via H.C. Wainwright & Co.
- Commission of 3.0% of gross sales price per share.
- Stock closed at $42.50 on June 2, 2026; public float ~$73.5M.
- Pro forma dilution: new investors face $30.76 per share dilution at assumed $45.50 price.
- Proceeds for general corporate purposes; broad discretion over use.
- Shelf registration (S-3) filed Jan 28, 2026, declared effective Jan 30, 2026.
Financial Impact
Up to $24.5M in gross proceeds; potential ~30% dilution of outstanding shares at current price.
Risk Factors
- Significant dilution to existing shareholders (up to ~30% of outstanding shares).
- ATM sales can be executed at any time, creating continuous selling pressure.
- No minimum offering amount; actual dilution depends on market conditions.
- Proceeds used for general corporate purposes with no specific value-creating plan disclosed.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (ASTC) — Batch item 1 | 0001437749-26-019249 |
| Document: 0001437749-26-019249-index-headers.html | 0001437749-26-019250 |
| Document: 0001437749-26-019249-index.html | 0001437749-26-019249 |
| Document: 0001437749-26-019249.txt | 0001437749-26-019249 |
| 8-K Filing (ASTC) — Batch item 5 | 0001437749-26-019250 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | DEFA14A | $5.04 | awaiting T+5 | — | $5.23 (+3.77%) |
Oct 23, 2026 4d ago | DEF 14A | $5.04 | awaiting T+5 | — | $5.23 (+3.77%) |
Oct 19, 2026 8d ago | 8-K | $4.87 $5.23 | ▲ +7.39% | ▲ +7.31% | $5.23 (+7.39%) |
Sep 25, 2026 4w ago | 8-K | $7.16 $7.06 | ▲ +1.33% | ▲ +1.11% | $5.23 (+26.90%) |
Sep 25, 2026 4w ago | Press Release | $7.16 $7.06 | ▲ +1.40% | ▲ +1.18% | $5.23 (+26.96%) |
Aug 6, 2026 11w ago | 10-Q/A | $8.88 $8.41 | ▼ −5.29% | ▼ −5.69% | $5.23 (−41.10%) |
Jul 22, 2026 13w ago | 8-K | $7.30 $6.21 | ▼ −14.93% | ▼ −12.53% | $5.23 (−28.36%) |
Jul 8, 2026 15w ago | EFFECT | $9.11 $8.86 | ▲ +2.74% | ▲ +3.61% | $5.23 (+42.59%) |
Jun 30, 2026 17w ago | S-3 | $10.91 $10.29 | ▲ +5.64% | ▲ +6.24% | $5.23 (+52.04%) |
Jun 16, 2026 19w ago | 8-K / PRESS-RELEASE | $16.08 $11.78 | ▼ −26.74% | ▼ −24.51% | $5.23 (−67.48%) |
US Market Status
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