secwatch.observer — SEC 8-K summary
======================================

Issuer:     Astra Space, Inc. (—)
CIK:        0001814329
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001193125-23-279896
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 2.04, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814329/000119312523279896/0001193125-23-279896-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814329/000119312523279896/d949642d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-279896

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer