On January 19, 2024, Astra Space, Inc. experienced a significant financial event involving key stakeholders JMCM Holdings LLC, Baldo Fodera, and Alexander Morcos. The event was the closure of a financing deal, referred to as the Second Subsequent Financing, in which MH Orbit LLC, an affiliate of the reporting persons, purchased $4.0 million in aggregate principal amount of newly-issued Convertible Notes and warrants to purchase shares of Astra Space's Class A common stock. The funds for this transaction were sourced from the personal funds of Mr. Morcos. This financing is part of a series of financial engagements with the company, following the Initial Financing and the Subsequent Financing previously reported. The Convertible Notes and warrants are subject to a 9.99% blocker, which...Show More

On January 19, 2024, Astra Space, Inc. experienced a significant financial event involving key stakeholders JMCM Holdings LLC, Baldo Fodera, and Alexander Morcos. The event was the closure of a financing deal, referred to as the Second Subsequent Financing, in which MH Orbit LLC, an affiliate of the reporting persons, purchased $4.0 million in aggregate principal amount of newly-issued Convertible Notes and warrants to purchase shares of Astra Space's Class A common stock. The funds for this transaction were sourced from the personal funds of Mr. Morcos. This financing is part of a series of financial engagements with the company, following the Initial Financing and the Subsequent Financing previously reported. The Convertible Notes and warrants are subject to a 9.99% blocker, which limits the immediate acquisition of additional shares of Class A common stock by the reporting persons. As of the reporting date, JMCM may be deemed the beneficial owner of approximately 9.03% of Astra Space's outstanding Class A common stock, while Mr. Fodera and Mr. Morcos may each be deemed the beneficial owner of approximately 9.99%. These ownership percentages are calculated based on the right to acquire shares within 60 days, subject to the aforementioned blockers, and exclude a significant number of shares underlying the Convertible Notes and warrants due to these blockers. The reporting persons share voting and investment power over the shares they beneficially own.