secwatch.observer — SEC 8-K summary
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Issuer:     Astra Space, Inc. (—)
CIK:        0001814329
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001193125-24-024828
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astra defers Feb 2024 debt payment; $23.8M notes amended, first payment now May 2024 at 22.22%
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- Amendment defers $2.64M (11.11% of stated principal) from Feb 1, 2024; combined with May 2024 payment to equal 22.22%.
- May 1, 2024 payment of ~$5.28M covers both deferred and regular quarterly amortization.
- Company may issue up to $1.18M additional Convertible Notes but cautions no assurance of closing.
- Holders include JMCM Holdings ($9.69M), SherpaVentures ($5.13M), Chris Kemp Trust ($2M), and others.
- Deferral lets Astra prioritize cash for operations; holders retain right to convert deferred payments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814329/000119312524024828/0001193125-24-024828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814329/000119312524024828/d767492d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-024828

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