Johnson Fistel, PLLP is investigating Astrotech Corporation on behalf of investors who suffered losses, following a short report by Fugazi Research that caused the stock price to decline. The report alleged that Astrotech has repeatedly shifted its business model to pursue popular market themes while relying on capital raises despite limited commercial success, and raised governance concerns including that Thomas Boone Pickens III simultaneously serves as CEO, CTO, Chairman, and Principal Financial Officer. Johnson Fistel is examining whether Astrotech and certain officers and directors violated federal securities laws. Investors who purchased Astrotech securities and suffered losses are encouraged to contact the firm.
Astrotech CorpInvestigation into potential securities law violations following a short report alleging business model shifts and governance concerns.