secwatch.observer — SEC 8-K summary
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Issuer:     Astra Space, Inc. (—)
CIK:        0001814329
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001193125-24-015565
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astra Space closes $6M 12% convertible note and warrant financing, extends closing window
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- Issued $6.0M in 12% senior secured convertible notes due 2025; net proceeds ~$5.85M.
- Warrants to purchase up to 2,599,010 shares at $0.808/share, exercisable immediately, expiring Jan 2029.
- Amendment extends subsequent closing date to Feb 19, 2024; up to $1.18M additional notes possible.
- Notes carry minimum return of 125%-175% of principal; registration statement due by May 1, 2024.
- Investors include MH Orbit LLC (JMCM affiliate) and RBH Ventures Astra SPV.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814329/000119312524015565/0001193125-24-015565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814329/000119312524015565/d696820d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-015565

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