secwatch.observer — SEC 8-K summary
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Issuer:     Astra Space, Inc. (—)
CIK:        0001814329
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001193125-23-270510
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814329/000119312523270510/0001193125-23-270510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814329/000119312523270510/d519443d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-270510

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