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Astra secured $13,400,000 in initial financing on 2023-11-06 from JMCM Holdings LLC and Sherpa Ventures Fund II.
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.
Astra had announced on 2023-10-23 a planned financing round valued at up to $25,000,000 with JMCM Holdings as the planned lead investor and participation from Sherpa Venture Funds II.
Astra previously planned for each of JMCM Holdings and Sherpa Venture Funds II to contribute $5,000,000 to the financing round.
JMCM Holdings LLC and Sherpa Venture Funds II, LLP agreed to provide $13,400,000 in initial financing as part of a non-binding term sheet that sought to raise $15,000,000 to $25,000,000.