Astrotech Corporation‘s (NASDAQ:ASTC) stock rally has been brought into question amid concerns about the company's repeated strategy shifts, limited revenue base, and corporate governance structure.
Astrotech’s 99% Correction
A report released by short seller Fugazi Research on Tuesday outlined that the stock was ” fundamentally uninvestable” and had “a 99% correction.”
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The report also highlighted potential dilution tied to preferred shares and pointed to what it described as a short cash runway based on recent filings.
