The last nights reported price was $0.37 per share with possible $12 - 13 M in proceeds
Outstanding shares were 45.66 M and there will be 85.1 M post offering.
The underwriter will now be Aegis Capital
The Bottom Line: Finally, a lower share volume <25 M to 15 M> and a much lower pricing. JMP was dropped for Aegis for the offering.
ASTM closed at $0.37. Expect this puppy to drop like a stone! How quickly can an over-night be priced (?) in a dropping market and at what price? My next question is ... "why put rouge on this ... blushing pig"!
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.