Astra Announces the Results of the Completed Redemption of all Outstanding Public and Private Warrants.
04 January 2022 - 8:16AM
Business Wire
Astra Space, Inc. (“Astra” or the Company”) (Nasdaq:
ASTR) today announced the results of the completed
redemption (the “Redemption”) of all of its outstanding public
warrants (the “Public Warrants”) and private warrants (the “Private
Warrants” and together with the Public Warrants, the “Warrants”) to
purchase shares of the Company’s Class A common stock, par value
$0.0001 per share (the “Class A Common Stock”), that were issued
under the Warrant Agreement, dated August 4, 2020 (the “Warrant
Agreement”), by and between the Company and Continental Stock
Transfer & Trust Company (“CST”), as warrant agent. The Public
Warrants were issued as part of the units sold in the Company’s
initial public offering (the “Offering”). The Private Warrants were
issued in private placement that was conducted simultaneously with
the Offering.
On November 26, 2021, the Company issued a press release stating
that it would redeem all of the Warrants that remained outstanding
following 5:00 p.m. New York City time on December 27, 2021 (the
“Redemption Date”), for a redemption price of $0.10 per Public
Warrant (the “Redemption Price”).
In connection with the Redemption, the holders of 9,413,895
Public Warrants and 5,333,333 Private Warrants elected to receive
in lieu of the Redemption Price 0.2560374 shares of Class A Common
Stock per Warrant. A total of 586,075 Public Warrants remained
unexercised as of the Redemption Date and the Company redeemed the
Public Warrants for an aggregate redemption price of
$58,607.50.
In connection with the Redemption, the Public Warrants stopped
trading on the Nasdaq Capital Market and has been delisted. The
Redemption had no effect on the trading of the Company’s Class A
Common Stock, which continues to trade on the Nasdaq Capital Market
under the ticker symbol, “ASTR”.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any offer of any
of Astra’s securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such
jurisdiction.
About Astra Space, Inc.
Astra’s mission is to improve life on Earth from space by
creating a healthier and more connected planet. Today, Astra offers
the one of the lowest cost-per-dedicated-orbital-launch service of
any operational launch provider in the world. Astra completed its
first commercial orbital launch in November 2021, making it one of
the fastest U.S. companies in history to reach this milestone.
Astra is based in Alameda, California, and was founded in 2016.
Astra (NASDAQ: ASTR) was the first space launch company to be
publicly traded on Nasdaq. Visit www.astra.com to learn more about
Astra.
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version on businesswire.com: https://www.businesswire.com/news/home/20220103005460/en/
Investor Contact: Dane Lewis investors@astra.com
Media Contact: Kati Dahm kati@astra.com
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