---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-282784"
form_type: "8-K"
ticker: null
cik: "0001814329"
company_name: "Astra Space, Inc."
filed_at: "2023-11-24T23:59:59+00:00"
generated_at: "2026-06-07T21:55:55.524049+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Astra Space closes $2.7M net financing via $17.8M convertible notes due 2025 at 12%

## Summary
- Net proceeds of ~$2.7M from subsequent financing closed Nov 21, 2023.
- Issued ~$17.8M aggregate principal of 12% Senior Secured Convertible Notes due Nov 15, 2025, convertible at ~$0.808/share.
- New Warrants to purchase up to 7.7M shares at $0.808; existing Senior Warrant for 1.5M shares unaffected.
- Investors include CEO Chris Kemp, CTO Adam London, JMCM Holdings, and SherpaVentures Fund II.
- Company must file registration statement by May 1, 2024 to register resale of underlying shares.

## SEC filing metadata
- accession: 0001193125-23-282784
- form_type: 8-K
- cik: 0001814329
- company_name: Astra Space, Inc.
- filed_at: 2023-11-24T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1814329/000119312523282784/0001193125-23-282784-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814329/000119312523282784/d590486d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-282784
- JSON: https://secwatch.observer/filing/0001193125-23-282784.json
- Plain text: https://secwatch.observer/filing/0001193125-23-282784.txt

## Key facts
- Debt Financings
  Astra Space, Inc. incurred convertible notes of $17.8 million aggregate principal amount of Convertible Notes with JMCM Holdings LLC, SherpaVentures Fund II, LP, Chris Kemp Living Trust, Adam London at 12.0% maturing 2025.
  - Instrument: convertible notes
  - Principal: $17.8 million aggregate principal amount of Convertible Notes
  - Counterparty: JMCM Holdings LLC, SherpaVentures Fund II, LP, Chris Kemp Living Trust, Adam London
  - Rate: 12.0%
  - Maturity: 2025
  - Event: incurrence
  source text: Stock, subject to certain adjustments, and that expire on November 6, 2028. Accordingly, upon closing of the Subsequent Financing, the Company had outstanding approximately $17.8 million aggregate principal amount of Convertible Notes and New Warrants to purchase up to 7,696,627 shares of the Class A Common Stock, at an exercise price of $0.808, subject to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814329/000119312523282784/0001193125-23-282784-index.htm
- Material Agreements
  Astra Space, Inc. amended Senior Secured Convertible Note due 2025 with Initial Investors (effective 2023-11-21).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Initial Investors
  - Effective: 2023-11-21
  source text: the Company, the Company’s subsidiaries and the Initial Investors agreed to amend and modify the terms of the Existing Notes in their entirety in accordance with the form of 12.0% Senior Secured Convertible Note due 2025 attached hereto as Exhibit 4.1 (the “ Convertible Notes ”) in exchange for the Company’s reimbursement of a premium (including accrued interest thereon from November 6, 2023), of approximately $1.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814329/000119312523282784/0001193125-23-282784-index.htm
- Material Agreements
  Astra Space, Inc. entered into Securities Purchase Agreement with JMCM Holdings LLC, SherpaVentures Fund II, LP, Chris Kemp Living Trust, Adam London (effective 2023-08-04).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: JMCM Holdings LLC, SherpaVentures Fund II, LP, Chris Kemp Living Trust, Adam London
  - Effective: 2023-08-04
  source text: Pursuant to the Securities Purchase Agreement dated as of August 4, 2023 (as amended by the Reaffirmation Agreement and Omnibus Amendment Agreement dated as of November 6, 2023, the Limited Waiver and Consent and Omnibus Amendment No. 2 Agreement dated as of November 17, 2023 and the Omnibus Amendment No. 3 Agreement dated as of November 21, 2023) (the “ Subsequent Financing Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814329/000119312523282784/0001193125-23-282784-index.htm

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