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Astrotech receives indemnity holdback

Mar. 01, 2016 9:13 AM ETAstrotech Corporation (ASTC) StockASTCBy: Yoel Minkoff, SA News Editor
  • Astrotech (NASDAQ:ASTC) received an indemnity payment of $6.1M on Feb. 25, 2016, which was held in escrow until the 18-month anniversary of the sale of its Astrotech Space Operations unit to Lockheed Martin.
  • As of February 25, 2016, Astrotech received a total of $61M for the sale of the ASO business.
  • No claims were asserted against the indemnity escrow account, and all monies held in escrow related to the sale by Astrotech of the ASO business have been paid.

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