secwatch.observer — SEC 8-K summary
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Issuer:     Astra Space, Inc. (—)
CIK:        0001814329
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001193125-24-073994
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astra Space closes $991K convertible note & warrant financing with RBH; total RBH exposure $3M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814329/000119312524073994/0001193125-24-073994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814329/000119312524073994/d719646d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-073994

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