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Astra Space | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Baldo Fodera(9.99%),Alexander Morcos(9.99%), etc.

SEC announcement ·  Mar 11 21:58
Summary by Moomoo AI
On March 7, 2024, Astra Space, Inc. entered into a Merger Agreement with Apogee Parent Inc. and its subsidiary, Apogee Merger Sub Inc. The merger will result in Astra Space becoming a wholly owned subsidiary of Apogee. The transaction is expected to close in the second quarter of 2024, subject to shareholder approval and other customary closing conditions. Founders Chris Kemp and Dr. Adam London, who hold approximately 66% of the total voting power of the company through Class B common stock, have already provided their consent for the merger. At the effective time of the merger, each share of Class A common stock will be converted into the right to receive $0.50 in cash. Reporting persons JMCM Holdings LLC, MH Orbit LLC, Baldo Fodera...Show More
On March 7, 2024, Astra Space, Inc. entered into a Merger Agreement with Apogee Parent Inc. and its subsidiary, Apogee Merger Sub Inc. The merger will result in Astra Space becoming a wholly owned subsidiary of Apogee. The transaction is expected to close in the second quarter of 2024, subject to shareholder approval and other customary closing conditions. Founders Chris Kemp and Dr. Adam London, who hold approximately 66% of the total voting power of the company through Class B common stock, have already provided their consent for the merger. At the effective time of the merger, each share of Class A common stock will be converted into the right to receive $0.50 in cash. Reporting persons JMCM Holdings LLC, MH Orbit LLC, Baldo Fodera, and Alexander Morcos, who collectively hold significant shares and derivative instruments in Astra Space, have entered into various agreements in connection with the merger, including equity and debt commitment letters, warrant exchange, and noteholder conversion agreements. These arrangements will support the financing of the merger and the ongoing operations of Apogee and its subsidiaries post-merger. The merger will result in the delisting of Astra Space's Class A common stock from the Nasdaq Capital Market.

This announcement is a separate document:

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