---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-279896"
form_type: "8-K"
ticker: null
cik: "0001814329"
company_name: "Astra Space, Inc."
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:20:13.047910+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Astra Space gets $2.5M additional loan; extends default waivers to Nov 21

## Summary
- JMCM provided $2.5M delayed draw term loan and purchased warrants for 869,781 shares at $1.006/share, expiring Nov 13, 2028.
- Bridge Notes (~$5.5M) due Nov 17 extended to Nov 21; minimum liquidity covenant waiver also extended to Nov 21.
- Company has not regained compliance; refinancing negotiations ongoing with no assurance of success.
- Initial financing on Nov 6 totaled ~$13.4M from JMCM and SherpaVentures, including existing notes and bridge notes.

## SEC filing metadata
- accession: 0001193125-23-279896
- form_type: 8-K
- cik: 0001814329
- company_name: Astra Space, Inc.
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 2.04, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1814329/000119312523279896/0001193125-23-279896-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814329/000119312523279896/d949642d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-279896
- JSON: https://secwatch.observer/filing/0001193125-23-279896.json
- Plain text: https://secwatch.observer/filing/0001193125-23-279896.txt

## Key facts
- Debt Financings
  Astra Space, Inc. incurred term loan of $2.5 million with JMCM Holdings LLC.
  - Instrument: term loan
  - Principal: $2.5 million
  - Counterparty: JMCM Holdings LLC
  - Event: incurrence
  source text: On November 13, 2023, JMCM loaned the full amount of the delayed draw term loan (the “ Additional Advance”) , thereby increasing the outstanding principal balance due on the JMCM Bridge Note by an additional $2.5 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814329/000119312523279896/0001193125-23-279896-index.htm
- Debt Financings
  Astra Space, Inc. reported a default on senior notes of $5.5 million with JMCM Holdings LLC and SherpaVentures Fund II, LLP maturing November 17, 2023.
  - Instrument: senior notes
  - Principal: $5.5 million
  - Counterparty: JMCM Holdings LLC and SherpaVentures Fund II, LLP
  - Maturity: November 17, 2023
  - Event: default
  source text: The Company and the Investors continue to negotiate with respect to a refinancing of the Initial Financing and Additional Advance and have mutually agreed to extend the maturity date for the approximately $5.5 million, plus accrued interest, due on the Bridge Notes on November 17, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814329/000119312523279896/0001193125-23-279896-index.htm

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