Summary by Moomoo AI
Astra Space, Inc. (Astra) has entered into a definitive merger agreement with Apogee Parent Inc. and Apogee Merger Sub Inc., both Delaware corporations, as announced in a Form 8-K filed with the SEC on March 7, 2024. The merger will result in Astra becoming a wholly owned subsidiary of Apogee Parent Inc. The company's founders, Chris Kemp and Adam London, who hold approximately 66.1% of the total voting power through Class B common stock, are involved in the transaction. A special committee of independent directors has approved the merger, which is deemed fair and in the best interests of Astra and its public stockholders. At the merger's effective time, each common share of Astra will be converted into the right to...Show More