Summary by Moomoo AI
Astra Space, Inc. (Astra Space), a Delaware corporation, has entered into an Agreement and Plan of Merger with Apogee Parent Inc. (Parent) and Apogee Merger Sub Inc. (Merger Sub), both also Delaware corporations. The merger agreement stipulates that Merger Sub will merge with and into Astra Space, with Astra Space surviving as a wholly owned subsidiary of Parent. The transaction is subject to customary closing conditions, including the approval of Astra Space's stockholders and the absence of any legal obstacles preventing the completion of the merger. The agreement was unanimously approved by Astra Space's Board of Directors, acting on the recommendation of a special committee established to evaluate the transaction. The merger is expected to be completed in the second quarter of 2024, provided all conditions are met. Astra Space has also received a fairness opinion from its financial advisor, Houlihan Lokey Capital, Inc., stating that the merger consideration is fair from a financial point of view to Astra Space's public stockholders.