---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-204012"
form_type: "8-K"
ticker: null
cik: "0001814329"
company_name: "Astra Space, Inc."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:16:41.545773+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Astra Space raises $12.5M in senior secured notes with warrants at $0.45/share

## Summary
- Issued $12.5M principal of 9.0% senior secured notes maturing Nov 1, 2024, plus warrants for 22.5M shares.
- Net proceeds ~$10.8M; intends to use for working capital and general corporate purposes.
- Warrants exercisable immediately at $0.45/share, expiring Aug 4, 2028, with anti-dilution adjustments.
- Potential additional $7.5M notes and warrants subject to conditions including $1.00 VWAP and cash thresholds.
- Notes secured by first-priority lien on all assets; restricted cash of $5.0M must be maintained.

## SEC filing metadata
- accession: 0001193125-23-204012
- form_type: 8-K
- cik: 0001814329
- company_name: Astra Space, Inc.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1814329/000119312523204012/0001193125-23-204012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814329/000119312523204012/d540406d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-204012
- JSON: https://secwatch.observer/filing/0001193125-23-204012.json
- Plain text: https://secwatch.observer/filing/0001193125-23-204012.txt

## Key facts
- Debt Financings
  Astra Space, Inc. incurred senior notes of $12.5 million aggregate principal amount with an institutional investor at 9.0% per annum maturing November 1, 2024.
  - Instrument: senior notes
  - Principal: $12.5 million aggregate principal amount
  - Counterparty: an institutional investor
  - Rate: 9.0% per annum
  - Maturity: November 1, 2024
  - Event: incurrence
  source text: “ Investor ”) pursuant to which the Investor agreed to purchase, and the Company agreed to issue and sell in a registered direct offering to the Investor (the “ Offering ”), $12.5 million aggregate principal amount of senior secured notes (the “ Initial Notes ”) and warrants (the “ Initial Warrants ”) to purchase up to 22.5 million shares of the Company’s Class A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814329/000119312523204012/0001193125-23-204012-index.htm
- Material Agreements
  Astra Space, Inc. entered into Purchase Agreement with an institutional investor valued at $12.5 million aggregate principal amount of senior secured notes (effective 2023-08-04).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: an institutional investor
  - Value: $12.5 million aggregate principal amount of senior secured notes
  - Effective: 2023-08-04
  source text: On August 4, 2023, Astra Space, Inc. (the " Company ") entered into a securities purchase agreement (the " Purchase Agreement ") with an institutional investor (the " Investor ") pursuant to which the Investor agreed to purchase, and the Company agreed to issue and sell in a registered direct offering to the Investor (the " Offering "), $12.5 million aggregate principal amount of senior secured notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814329/000119312523204012/0001193125-23-204012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.