Spacehab Inc. (SPAB) Enters into $5.5 Million Stock Purchase Agreement
Spacehab Incorporated announced today that it has entered into a stock purchasing agreement with certain investors for the purchase of 55,000 shares of the Company’s Series D convertible preferred stock for a total price of $5.5 million. An additional 150,150 shares of common stock were also issued upon the announcement of this purchase agreement. The entire agreement is contingent upon NASA awarding the company with a funded Space Act agreement under the Commercial Orbital Transportation Services (COTS) program. The award is scheduled to be received by the middle of February, and must be in the amount of $120 million or…