2023-08-07 06:07:00 ET
- Astra Space ( NASDAQ: ASTR ) closes registered issuance of $12.5M aggregate principal amount of senior secured notes and warrants to purchase up to 22.5M shares.
- The notes bear interest at 9.0% per annum, mature on November 1, 2024, and are secured by a first priority security interest in all of the assets of Astra and its subsidiaries.
- The warrants are immediately exercisable at an exercise price of $0.45 per share and will expire on August 4, 2028.
- Net proceeds will be were ~$10.8M that will be deployed for working capital and general corporate purposes.
For further details see:
Astra gets $12.5M senior note financing