Astra Space, Inc. (“Astra” or the “Company”) (Nasdaq: ASTR) announced today that it has filed its definitive Information Statement pursuant to Section 14(c) of the Securities Exchange Act of 1934 describing the Agreement and Plan of Merger (as amended or otherwise modified in accordance with its terms, the “Merger Agreement,” and such merger transaction, the “Merger”), dated as of March 7, 2024, by and among Apogee Parent Inc., a Delaware corporation (“Parent”), Apogee Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), and the Company, a copy of which is attached to the Information Statement. If the Merger is completed, the Company’s Class A common stock will be delisted from Nasdaq and deregistered under the Exchange Act. Stockholders are encouraged to carefully review the definitive Information Statement for important information about the Merger and how it may impact holders of the Company’s Class A common stock.
Astra Space, Inc. (“Astra”) announced that on May 22, 2024, it received a deficiency notice from Nasdaq indicating that, because Astra did not timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 with the Securities and Exchange Commission (the “SEC”), Astra was not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the SEC. As previously reported by Astra on its Notification of Late Filing on Form 12b-25, filed with the SEC on May 14, 2024, Astra was unable to file its Form 10-Q without unreasonable effort or expense by the prescribed due date for such filing. As previously disclosed on Astra’s Current Reports on Form 8-K filed with the SEC on April 19, 2024, and April 26, 2024, respectively, Astra is not currently in compliance with Nasdaq Listing Rules 5450(a)(1) (the “Minimum Bid Price Requirement”) and 5550(b)(1) (the “Minimum Stockholders’ Equity Requirement”).
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the sale of Astra Space, Inc. (“Astra” or the “Company”) (NasdaqCM: ASTR) to Apogee Parent Inc., (“Parent”) a private entity formed by Chris Kemp, Astra’s co-founder, chief executive officer and chairman, and Dr. Adam London, Astra’s co-founder, chief technology officer and director. The Parent is expected to be owned, at the closing of the transaction, by a number of long-term investors of the Company and its predecessor, including Mr. Kemp and Dr. London. Under the terms of the transaction, shareholders of Astra will receive $0.50 in cash for each share of Astra that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Astra Space, Inc. (“Astra” or the “Company”) (Nasdaq: ASTR) announced today that it has entered into a definitive merger agreement pursuant to which the acquiring entity (the “Parent”) has agreed, subject to customary closing conditions, to acquire all shares of Astra common stock not already owned by it for $0.50 per share in cash. On March 6, 2024, the closing price of Astra’s Class A common stock was $0.86 per share.
Astra Space, Inc. (“Astra”)(Nasdaq: ASTR) announced today that it has closed an initial financing with JMCM Holdings LLC (“JMCM”) and Sherpa Venture Funds II, LLP (together with JMCM, the “Investors”), affiliates of two early investors in Astra, for a total investment amount of approximately $13.4 million (the “Initial Financing”) pursuant to a reaffirmation agreement and omnibus amendment agreement dated November 6, 2023 (the “Initial Financing Agreement”). This Initial Financing is connected to Astra’s announcement in a report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on October 23, 2023 of the execution of a non-binding term sheet (the “Term Sheet”). The Term Sheet contemplates a financing of at least $15.0 million, from the Investors and other potential investors, and up to $25.0 million (the “Proposed Financing”).
Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) will report financial results for its third quarter ended September 30, 2023, after market close on Monday, November 13, 2023.
Astra Space, Inc. (“Astra” or the “Company”) (Nasdaq: ASTR) today announced it has received notice from the Nasdaq Capital Market (“Nasdaq”) on September 28, 2023, that the Company has regained compliance with Nasdaq’s minimum bid price requirement.
Astra Space, Inc. (NASDAQ: ASTR) (“Astra” or the “Company”) is announcing that the Company’s Board of Directors has approved a reverse stock split (the “Reverse Stock Split”) of Astra’s Class A common stock, par value $0.0001 (the “Class A common stock”) per share, and Astra’s Class B common stock, par value $0.0001(the “Class B common stock”) at a ratio of 1-for-15 (the “Reverse Stock Split Ratio”). The Reverse Stock Split is expected to become effective immediately after the close of the trading day on the Nasdaq Capital Market (the “NASDAQ”) on September 13, 2023 (the “Effective Time”) and the Class A Common Stock will begin trading on the NASDAQ on a reverse split-adjusted basis on September 14, 2023 under the ticker symbol “ASTR”.
NEW YORK, NY / ACCESSWIRE / August 15, 2023 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day August Micro-Cap Conference taking place Wednesday and Thursday, August 16-17, 2023. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links.
Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) will host a conference call to discuss recent events via a webcast at 6:00am PT (9:00am ET) on Monday, August 7, 2023.
Astra Space, Inc. (“Astra”) (NASDAQ: ASTR) announced today that it has closed a registered issuance of $12.5 million aggregate principal amount of senior secured notes (the “Notes”) and warrants (the “Warrants”) to purchase up to 22.5 million shares of Astra’s Class A common stock, par value $0.0001 per share (the “Shares”) to an institutional investor. The Notes bear interest at 9.0% per annum, mature on November 1, 2024, and are secured by a first priority security interest in all of the assets of Astra and its subsidiaries. The Warrants are immediately exercisable at an exercise price of $0.45 per Share, subject to certain adjustments and will expire on August 4, 2028.
Astra Space, Inc. (“Astra”) (NASDAQ: ASTR) today announced a strategic reallocation of its workforce from its Launch Services organization to its Astra Spacecraft Engines™ business to support its growing customer base and order backlog of its spacecraft engines.
Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) will report financial results for its second quarter ended June 30, 2023, after market close on Monday, August 14, 2023.
Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) announced today that it has been awarded a launch contract add-on for Rocket 4’s first test flight with the U.S. Department of Defense (the “DoD”), facilitated by the Defense Innovation Unit (the “DIU”).
Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) will report financial results for its first quarter ended March 31, 2023, after market close on Monday, May 15, 2023.
Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) and Apex Technology, Inc. (“Apex”) today announced a contract for Astra to initially provide 5 Spacecraft Propulsion Kits for Apex’s satellite bus platform. Astra is expected to begin delivering the Spacecraft Propulsion Kits in 2023.
Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) announced today that it has been awarded a launch task order for Rocket 4 through the United States Space Force’s Orbital Services Program (OSP)-4 contract.
Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) today announced that it has taken initial steps to mitigate potential illegal short selling in its shares, including providing notices to the respective Chief Compliance Officers of certain broker-dealers identified in analysis performed by ShareIntel-Shareholder Intelligence Services, LLC (“ShareIntel”).
Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) today announced that it is taking steps to proactively review stockholder ownership of Astra’s Class A common stock in an effort to identify parties to suspicious, aberrant or unusual trading activity and deploy corrective action steps to help curtail any such activity.
Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) will report financial results for its fourth quarter and fiscal year ended December 31, 2022, after the market close on Thursday, March 30, 2023.
