Astra Space, Inc.: M&A transaction — Astra Space completes take-private merger at $0.50/share; delists from Nasdaq

Astra Space, Inc.

Astra Space taken private by Apogee Parent (entities formed by co-founders Kemp and London) for $0.50/share in cash; aggregate consideration ~$8.1M.
Class A common stock ceased trading on Nasdaq prior to market open on July 18, 2024; company to file Form 15 to suspend SEC reporting.
Approximately 6.7 million Class A shares rolled over into Parent Series A Preferred Stock; no consideration for unvested RSUs or underwater options.
Company had previously received Nasdaq deficiency notices for bid price <$1.00 and stockholders' equity <$2.5M.
Outstanding 12.0% senior secured convertible notes due 2025 converted into Parent Series A Preferred Stock and canceled.

item 1.01 item 2.01 item 3.03 item 5.01 item 5.02 item 5.03 item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Astra Space, Inc. underwent a change of control involving Apogee Parent Inc. for $0.50 per Class A Share (closed 2024-07-18).

Action: change of control
Counterparty: Apogee Parent Inc.
Consideration: $0.50 per Class A Share
Closing: 2024-07-18

Exact text from the filing

any Class A Shares canceled pursuant to the terms of the Merger Agreement and any dissenting Class A Shares) was converted into the right to receive an amount in cash equal to $0.50 per Class A Share, without interest (the “ Merger Consideration ”). Immediately prior to the Effective Time, each share of Class B common stock, par value $0.0001 per share (the “

View on SEC.gov

Browse all m&a transactions →

Source: SEC EDGAR

accession 0001193125-24-180782

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.