secwatch.observer — SEC 8-K summary
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Issuer:     ASTROTECH Corp (ASTC)
CIK:        0001001907
Form:       8-K
Filed at:   2022-11-23T23:59:59+00:00
Accession:  0001437749-22-027965
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001907/000143774922027965/0001437749-22-027965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001907/000143774922027965/astc20221122_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-027965

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer