THE LAUNCH PAD
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Astra Space has concluded its tenure as a publicly traded company as on July 18, the company finalized a deal that takes it private, marking the end of more than three years on the public market.
Astra Space has successfully raised $2.7 million from existing investors, according to a filing submitted to the U.S. Securities and Exchange Commission.
Ursa Major CEO, Joe Laurienti, says that the partnership with Astra “marks an important industry milestone in outsourcing propulsion to unlock growth and innovation for launch providers”
Astra has submitted an application to Nasdaq for an additional 180-day period to comply with the minimum bid price requirement.
The collapse of Silicon Valley Bank (SVB) has directly impacted a number of space companies who relied on it for investment, loans, and traditional banking services.
Astra Space (Nasdaq: ASTR) is investigating potential illegal short selling of the company's stock weeks as the April 4th delisting deadline approaches.
Astra has concluded its investigation into the TROPICS-1 mishap that occurred on June 12, 2022, after six months of rigorous testing and analysis.
As Astra enters a new chapter, its former Chief Engineer Benjamin Lynn is departing the company for new opportunities elsewhere and a number of senior leaders are being elevated to management positions.
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