Authorization

Astrotecha??s CEO Makes Investment in the Company

Astrotech Corporation ("Astrotech" or the "Company") (NASDAQ: ASTC)
today announced that it has entered into and closed a private placement
of the sale of its equity securities for aggregate gross proceeds to the
Company of approximately $2 million, before deducting offering-related
expenses.A The Company plans to use the proceeds from the financing
primarily for working capital and general corporate purposes.


The Companya??s Chairman of the Board and Chief Executive Officer, Thomas
B. Pickens III, has purchased, for an aggregate purchase price of
approximately $1 million, 280,898 shares of the Companya??s series D
convertible preferred stock (the "Series D Preferred Stocka??), at a price
of $3.56 per share, the consolidated closing bid price of the Companya??s
common stock on the NASDAQ Capital Market on April 16, 2019. The Series
D Preferred Stock is convertible, at the option of the holder, into an
aggregate of 280,898 shares of the Companya??s common stock. In addition,
a current significant Astrotech shareholder has purchased, for an
aggregate purchase price of approximately $1 million, 280,898 shares of
the Companya??s series C convertible preferred stock (the "Series C
Preferred Stocka??), at a price of $3.56 per share, the consolidated
closing bid price of the Companya??s common stock on the NASDAQ Capital
Market on April 16, 2019. The Series C Preferred Stock is convertible,
at the option of the holder, into an aggregate of 280,898 shares of the
Companya??s common stock. The holder of the Series C Preferred Stock has
agreed to restrict its ability to exercise the Series C Preferred Stock
such that the number of shares of the Company common stock held by such
holder and its affiliates after such conversion does not exceed 9.99% of
the Companya??s then issued and outstanding shares of common stock.


The securities offered in the private placement have not been registered
under the Securities Act of 1933, as amended (the "Securities Act"), or
any state securities laws and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements of the Securities Act and applicable state laws.


This press release is neither an offer to sell nor a solicitation of an
offer to purchase the securities described herein.


About Astrotech Corporation


Headquartered in Austin, Texas, Astrotech (NASDAQ: ASTC) is a science
and technology development and commercialization company that launches,
manages, and builds scalable companies based on innovative technology in
order to maximize shareholder value.
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