secwatch.observer — SEC 8-K summary
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Issuer:     Astra Space, Inc. (—)
CIK:        0001814329
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001193125-23-204012
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814329/000119312523204012/0001193125-23-204012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814329/000119312523204012/d540406d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-204012

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