secwatch.observer — SEC 8-K summary
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Issuer:     Astra Space, Inc. (—)
CIK:        0001814329
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001193125-24-117973
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 2.03, 3.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astra Space receives Nasdaq deficiency notice for low equity, issues $400K convertible note
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- On Apr 23, Nasdaq notified Astra of non-compliance with minimum stockholders' equity requirement ($2.5M) per 10-K.
- Astra has 45 days (until June 7) to submit plan to regain compliance; may get extension to Oct 20.
- Closed subsequent financing with RBH: $400K principal 12% senior secured convertible note due 2025; net proceeds ~$390K.
- Total outstanding convertible notes now $3.399M; notes mature Nov 2025 with minimum return 150%-175% if prepaid.
- Merger with Apogee Parent pending; if closed before June 7, stock will be delisted in connection with Merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814329/000119312524117973/0001193125-24-117973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814329/000119312524117973/d821196d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-117973

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