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Astra Space | 3: Initial statement of beneficial ownership of securities- Karkar Andrei

SEC announcement ·  Mar 18 16:07
Summary by Moomoo AI
On March 7, 2024, Andrei Karkar, associated with ERAS Capital LLC, filed an Initial Statement of Beneficial Ownership of Securities with the SEC, indicating a significant financial interest in Astra Space, Inc. The filing, required under Section 16(a) of the Securities Exchange Act of 1934, details Karkar's beneficial ownership of Class A Common Stock and derivative securities, including Senior Secured Convertible Notes due 2025 and warrants. The Convertible Notes are immediately convertible at Karkar's discretion, subject to certain limitations, and will mature on November 13, 2025, unless extended by agreement. The warrants, purchased at $0.125 each, are exercisable for Class A Common Stock at $0.808 per share. Karkar, through ERAS Capital LLC, may be deemed to beneficially own the securities held by the LLC. The filing also mentions a group of Selected Investors, which includes Karkar and others, who collectively may own more than 10% of Astra Space's registered securities. Karkar disclaims beneficial ownership of the shares owned by the other Selected Investors.
On March 7, 2024, Andrei Karkar, associated with ERAS Capital LLC, filed an Initial Statement of Beneficial Ownership of Securities with the SEC, indicating a significant financial interest in Astra Space, Inc. The filing, required under Section 16(a) of the Securities Exchange Act of 1934, details Karkar's beneficial ownership of Class A Common Stock and derivative securities, including Senior Secured Convertible Notes due 2025 and warrants. The Convertible Notes are immediately convertible at Karkar's discretion, subject to certain limitations, and will mature on November 13, 2025, unless extended by agreement. The warrants, purchased at $0.125 each, are exercisable for Class A Common Stock at $0.808 per share. Karkar, through ERAS Capital LLC, may be deemed to beneficially own the securities held by the LLC. The filing also mentions a group of Selected Investors, which includes Karkar and others, who collectively may own more than 10% of Astra Space's registered securities. Karkar disclaims beneficial ownership of the shares owned by the other Selected Investors.
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