“The Board of Directors has initiated a formal investigation into this matter and we will have additional details to share very shortly,” the company added.

The CEO of Astronomer, a New York-based tech company, resigned Saturday following speculation surrounding a moment caught on camera during a Coldplay concert in Massachusetts this week.

“As stated previously, Astronomer is committed to the values and culture that have guided us since our founding. Our leaders are expected to set the standard in both conduct and accountability, and r...