Astra Space, Inc.: debt financing — Astra Space closes $991K convertible note & warrant financing with RBH; total RBH exposure $3M

Astra Space, Inc.

Issued $991,000 principal of 12.0% Senior Secured Convertible Notes due 2025 to RBH; net proceeds ~$990,000.
RBH received warrants to purchase 429,270 shares of Class A common stock at $0.808 per share, expiring Mar 2029.
Total outstanding principal to RBH from all financings now $2,999,000; RBH holds warrants for up to 1,295,607 shares.
Notes require minimum return of 150%-175% of stated principal on early prepayment or redemption.
Issuance tied to ongoing merger with Apogee Parent Inc.; RBH agreed merger won't trigger conversion/exercise adjustments.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Astra Space, Inc. incurred convertible notes of $991,000 in aggregate principal amount with RBH Ventures Astra SPV, LLC at 12.0% maturing March 15, 2029.

Instrument: convertible notes
Principal: $991,000 in aggregate principal amount
Counterparty: RBH Ventures Astra SPV, LLC
Rate: 12.0%
Maturity: March 15, 2029
Event: incurrence

Exact text from the filing

in which RBH purchased (i) $991,000 in aggregate principal amount of a 12.0% Senior Secured Convertible Note due 2025

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299 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001193125-24-073994

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