Astra Space announces 1-for-15 reverse stock split effective Sept 13, 2023

Astra Space, Inc.

Board approved 1-for-15 reverse split of Class A and B common stock; effective after market close on Sept 13, 2023.
Class A common stock begins trading on split-adjusted basis on Nasdaq on Sept 14, 2023; ticker remains ASTR.
New CUSIP number 04634X202 for Class A common stock; par value and authorized shares unchanged.
Outstanding equity awards, warrants, and shares reserved under plans will be adjusted proportionally.
No action required for registered uncertificated holders; brokers will automatically adjust positions.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Astra Space, Inc.: Amended certificate of incorporation to effect a 1-for-15 reverse stock split of Class A and Class B common stock, effective September 13, 2023, with fractional share treatment clarification (effective 2023-09-13).

Change: charter amendment
Effective: 2023-09-13

Exact text from the filing

On September 12, 2023, the Company amended its existing Second Amended and Restated Certificate of Incorporation (the “Prior Certificate”), to implement the Reverse Stock Split by filing the Certificate of Amendment (the “Amendment”) to Second Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware. The Amendment will become effective at 4:01 PM Eastern Time on September 13, 2023 (the “Effective Time”), thereby giving effect to the Reverse Stock Split.

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Source: SEC EDGAR

accession 0001193125-23-233978

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