secwatch.observer — SEC 8-K summary
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Issuer:     Astra Space, Inc. (—)
CIK:        0001814329
Form:       8-K
Filed at:   2023-11-24T23:59:59+00:00
Accession:  0001193125-23-282784
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814329/000119312523282784/0001193125-23-282784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814329/000119312523282784/d590486d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-282784

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