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Astra Space | 8-K: Current report

SEC announcement ·  Apr 19 16:16
Summary by Moomoo AI
On April 17, 2024, Astra Space, Inc., a company listed on the NASDAQ Capital Market under the trading symbol ASTR, reported receiving a deficiency notice from NASDAQ. The notice indicated that Astra Space is not meeting the NASDAQ's minimum bid price requirement, as its Class A common stock's closing bid price has been below $1.00 for 30 consecutive business days. While the notice does not immediately affect the stock's listing, Astra Space has until October 14, 2024, to regain compliance with the minimum bid price rule. The company must maintain a closing bid price of at least $1.00 for ten consecutive business days before the deadline to meet NASDAQ's requirements. Astra Space is considering its options to address the issue and may be...Show More
On April 17, 2024, Astra Space, Inc., a company listed on the NASDAQ Capital Market under the trading symbol ASTR, reported receiving a deficiency notice from NASDAQ. The notice indicated that Astra Space is not meeting the NASDAQ's minimum bid price requirement, as its Class A common stock's closing bid price has been below $1.00 for 30 consecutive business days. While the notice does not immediately affect the stock's listing, Astra Space has until October 14, 2024, to regain compliance with the minimum bid price rule. The company must maintain a closing bid price of at least $1.00 for ten consecutive business days before the deadline to meet NASDAQ's requirements. Astra Space is considering its options to address the issue and may be eligible for an additional 180-day period to regain compliance if necessary. The company is also in the process of a merger with Apogee Parent Inc. and Apogee Merger Sub Inc., which, if completed before October 14, will result in the delisting of Astra's Class A common stock from NASDAQ in connection with the merger.

This announcement is a separate document:

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