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Astra Space | 8-K: Astra Space Closed a Subsequent Financing with Rbh Ventures Astra Spv, Llc

SEC announcement ·  Mar 21 17:23
Summary by Moomoo AI
Astra Space, Inc. has successfully closed a Subsequent Financing deal with RBH Ventures Astra SPV, LLC on March 15, 2024. The financing included the sale of $991,000 in aggregate principal amount of 12.0% Senior Secured Convertible Notes due 2025 and new warrants to purchase up to 429,270 shares of Astra's Class A common stock. The warrants, priced at $0.125 each for an aggregate purchase price of $53,659, have an initial exercise price of $0.808 per share and are set to expire on March 15, 2029. This transaction follows a series of amendments and agreements dating back to August 4, 2023, and is part of a larger financing strategy that has involved multiple investors. The net proceeds from the Subsequent Financing, after estimated offering expenses, were approximately $990,000. The company may issue additional convertible...Show More
Astra Space, Inc. has successfully closed a Subsequent Financing deal with RBH Ventures Astra SPV, LLC on March 15, 2024. The financing included the sale of $991,000 in aggregate principal amount of 12.0% Senior Secured Convertible Notes due 2025 and new warrants to purchase up to 429,270 shares of Astra's Class A common stock. The warrants, priced at $0.125 each for an aggregate purchase price of $53,659, have an initial exercise price of $0.808 per share and are set to expire on March 15, 2029. This transaction follows a series of amendments and agreements dating back to August 4, 2023, and is part of a larger financing strategy that has involved multiple investors. The net proceeds from the Subsequent Financing, after estimated offering expenses, were approximately $990,000. The company may issue additional convertible notes and warrants under certain conditions, including the consent of the majority of the current note and warrant holders. The convertible notes and warrants were sold in a transaction exempt from registration under the Securities Act, to RBH, an accredited investor. Astra Space is required to file a registration statement by May 1, 2024, for the resale of all shares underlying the convertible notes and warrants. The company's ability to issue shares upon conversion of the notes or exercise of the warrants is subject to obtaining necessary stockholder approvals and compliance with Nasdaq listing rules.

This announcement is a separate document:

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