Finance

Astronics initiates $30.0 million at-the-market equity offering program

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Astronics initiates $30.0 million at-the-market equity offering program

Astronics Corporation has initiated an at-the-market (‘ATM’) equity offering program for the sale from time to time of shares of the company’s common stock having an aggregate sales price of up to $30.0 million.

Shares of Common Stock under the ATM program will be offered through Wells Fargo Securities, and HSBC Securities as sales agents. Wells Fargo and HSBC may sell shares of common stock by any lawful method deemed to be an at-the-market offering. Sales may be made at market prices prevailing at the time of the sale, at prices related to prevailing market prices or at negotiated prices and, as a result, sales prices may vary.