Summary by Moomoo AI
On April 22, 2024, Astra Space, Inc. completed a Subsequent Financing round, securing $400,000 in aggregate principal amount of 12.0% Senior Secured Convertible Notes due 2025 from RBH Ventures Astra SPV, LLC. This financing follows a series of amendments to the original Securities Purchase Agreement dated August 4, 2023, and is part of a larger financing strategy that could see the issuance of additional convertible notes up to $18,289,781, subject to certain conditions. The net proceeds from this round, after estimated offering expenses, amounted to approximately $390,000. The convertible notes are set to mature on November 15, 2025, with the possibility of conversion into Class A common stock, subject to stockholder approval and Nasdaq listing rules. Concurrently, Astra Space received a deficiency notice from Nasdaq for not meeting the minimum stockholders...Show More