All verified mentions of this organization in source documents.
Astra described the 2023-11-06 initial financing as linked to a non-binding term sheet that the company announced on 2023-10-23 seeking to raise $15,000,000 to $25,000,000.
Astra co-founders Chris Kemp and Adam London offered to take Astra private for $1.50 per share in an offer announced on 2023-11-09.
Kemp and London would need to raise an estimated $60,000,000 to $65,000,000 in capital to buy Astra’s outstanding shares and cover expenses and bridge financing.
Astra Space delivered eight Astra Spacecraft Engine electric propulsion systems with revenue for those deliveries recognized in the fourth quarter of 2024.
Astra Space signed contracts with a total value of $11,700,000 for its Astra Spacecraft Engine electric propulsion systems, including one contract with a major non-U.S. defense prime and one contract with an international commercial space company.
Astra Space founders Chris Kemp and Adam London offered on 2024-11-09 to take the company private in a deal that would value the company at nearly $30,000,000.
Astra Space released third-quarter financial results on 2024-11-16 reporting a net loss of $29,700,000 and revenue of $256,000.
Astra Space canceled a quarterly earnings call that was scheduled for 2024-11-13 following the founders’ take-private offer.
The bridge loan provided to Astra Space earlier in November 2024 was originally valued at $3,050,000.
Astra Space exercised a delayed draw term provision valued at $2.5 million, increasing the value of the bridge loan to $5,500,000.
JMCM Holdings LLC and SherpaVentures Fund II, LLP agreed to extend the maturity date of a loan to Astra Space by four days to 2024-11-21.
Kemp and London’s financing plans are based on the expectation that Astra will close an ongoing funding round of $15,000,000 to $25,000,000 that the company announced the previous month.
The $1.50 per share offer is more than double Astra’s $0.74 per share closing price on 2023-11-08.
Two founders of Astra Space, Chris Kemp and Adam London, offered to take Astra Space private for nearly $30,000,000.
The proposed transaction at $1.50 per share would value Astra Space at nearly $30,000,000.
Astra filed with the U.S. Securities and Exchange Commission on 2023-11-09 that it received a non-binding offer from Chris Kemp and Adam London to take the company private at $1.50 per share.
On 2023-11-06 Astra raised $13,400,000 in interim financing from two investors as part of the proposed $15,000,000 to $25,000,000 financing round.
Astra was scheduled to release its fiscal third-quarter financial results after markets closed on 2023-11-13 but canceled the earnings call late on 2023-11-09.
Astra’s 2023-11-06 interim financing included buying the earlier loan and providing a new $3,050,000 bridge loan that is due 2023-11-17.
Astra’s market value has dropped by more than 99% from its peak shortly after the company completed a SPAC merger in July 2021.