Astrotech receives unsolicited $17.25/share acquisition proposal from BML

ASTROTECH Corp

BML Investment Partners offers $17.25 per share cash for all outstanding stock; BML holds ~13% of shares.
Proposal subject to Astrotech having at least $35M cash net of costs and no ATM share issuances.
Astrotech terminated its ATM agreement effective June 27, 2023 per proposal condition.
Board will evaluate proposal; no stockholder action required at this time.

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