---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-270510"
form_type: "8-K"
ticker: null
cik: "0001814329"
company_name: "Astra Space, Inc."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:41:08.005288+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Astra Space triggers default on $12.5M note; cash requirement breached, interest rate rises to 15%

## Summary
- On Oct 30, 2023, event of default under senior secured note due to failure to maintain $10.5M cash requirement and missing compliance certificate.
- Interest rate on note increased to 15% per annum default interest; investor can accelerate principal at 115%.
- On Nov 1, 2023, Company paid $3.1M (including 115% amortization and default interest), reducing principal to $8.0M.
- Company in discussions for additional financings and strategic transactions but no assurance of completion.

## SEC filing metadata
- accession: 0001193125-23-270510
- form_type: 8-K
- cik: 0001814329
- company_name: Astra Space, Inc.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1814329/000119312523270510/0001193125-23-270510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814329/000119312523270510/d519443d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-270510
- JSON: https://secwatch.observer/filing/0001193125-23-270510.json
- Plain text: https://secwatch.observer/filing/0001193125-23-270510.txt

## Key facts
- Debt Financings
  Astra Space, Inc. faced acceleration on senior notes of $12.5 million with an institutional investor at 15.0% per annum maturing November 1, 2024.
  - Instrument: senior notes
  - Principal: $12.5 million
  - Counterparty: an institutional investor
  - Rate: 15.0% per annum
  - Maturity: November 1, 2024
  - Event: acceleration
  source text: and the Company issued and sold on August 4, 2023, in a registered direct offering to the Investor (the “ Offering ”), a senior secured note in an aggregate principal amount of $12.5 million (the “ Note ”) and warrants to purchase up to 22.5 million shares of the Company’s Class A common stock, par value $0.0001 per share. The Note bears interest at 9.0% per annum,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814329/000119312523270510/0001193125-23-270510-index.htm

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