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Astra Space | SC 13D: Statement of acquisition of beneficial ownership by individuals-Ulrich Gall(0.0%)

SEC announcement ·  Mar 14 18:05
Summary by Moomoo AI
On March 7, 2024, Astra Space, Inc., a Delaware corporation, entered into a series of agreements with various investors and entities in preparation for a merger with Apogee Parent Inc. and its subsidiary, Apogee Merger Sub Inc. The agreements included an Interim Investors' Agreement, Equity Commitment Letters, a Warrant Exchange Agreement, and a Noteholder Conversion Agreement. These documents outlined the terms and conditions governing the relationship between the parties involved, the equity commitments from investors, the exchange of warrants, and the conversion of convertible notes. The agreements also detailed the governance structure and arrangements to be put in place prior to and following the merger's completion. Key investors, such as JMCM Holdings, LLC, MH Orbit LLC, JW 16 LLC, SherpaVentures Fund II...Show More
On March 7, 2024, Astra Space, Inc., a Delaware corporation, entered into a series of agreements with various investors and entities in preparation for a merger with Apogee Parent Inc. and its subsidiary, Apogee Merger Sub Inc. The agreements included an Interim Investors' Agreement, Equity Commitment Letters, a Warrant Exchange Agreement, and a Noteholder Conversion Agreement. These documents outlined the terms and conditions governing the relationship between the parties involved, the equity commitments from investors, the exchange of warrants, and the conversion of convertible notes. The agreements also detailed the governance structure and arrangements to be put in place prior to and following the merger's completion. Key investors, such as JMCM Holdings, LLC, MH Orbit LLC, JW 16 LLC, SherpaVentures Fund II, LP, and others, were involved in the transaction. The merger was contingent upon various conditions, including obtaining necessary governmental approvals and fulfilling equity commitments. The agreements were designed to ensure a smooth transition and the successful completion of the merger, which would result in Astra Space becoming a wholly-owned subsidiary of Apogee Parent Inc.
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