Astrotech announces 1-for-30 reverse stock split to regain Nasdaq compliance

ASTROTECH Corp

Reverse stock split at 1-for-30 ratio effective 12:01 a.m. ET on Dec 5, 2022.
Common stock to trade split-adjusted on Nasdaq under symbol ASTC starting Dec 5.
Primary purpose: regain compliance with Nasdaq $1.00 minimum bid price requirement.
No fractional shares; cash payment in lieu based on pre-split 5-day average closing price.
New CUSIP for common stock post-split is 046484309.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ASTROTECH Corp: Filed a third amendment to the Certificate of Incorporation to effect a 1-for-30 reverse stock split (effective 2022-12-05).

Change: charter amendment
Effective: 2022-12-05

Exact text from the filing

On November 22, 2022, Astrotech Corporation (the “Company”), filed a third amendment (the “Amendment”) to the Company’s Certificate of Incorporation (as amended, the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware to effect a 1-for-30 reverse stock split of all of the Company’s issued and outstanding shares of common stock, par value $0.001 per share (the “Reverse Stock Split”).

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ASTROTECH Corp filing history →

Source: SEC EDGAR

accession 0001437749-22-027965

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