Astra Space Inc - ASTR STOCK NEWS

Celestial AI has appointed Kelyn Brannon as its new Chief Financial Officer (CFO), effective June 3, 2024. Brannon brings over 30 years of experience in corporate finance and investor relations, having previously served as CFO at notable companies including Calix, Arista Networks, and Astra Space. She has successfully led three IPOs on major stock exchanges. Celestial AI's CEO, David Lazovsky, praised Brannon's extensive experience and believes her expertise will be instrumental in guiding the company's financial strategy.

Prior to joining Celestial AI, Brannon served as CFO of Siprocal and Astra Space, where she played a key role in their financial growth and public offerings. Brannon expressed enthusiasm about joining Celestial AI and contributing to its innovative optical interconnect technology in the rapidly expanding AI industry.

On March 7, 2024, Astra Space announced the filing of its definitive Information Statement in accordance with Section 14(c) of the Securities Exchange Act. The statement outlines the Agreement and Plan of Merger with Apogee Parent and Apogee Merger Sub. If the merger is completed, Astra's Class A common stock will be delisted from Nasdaq and deregistered under the Exchange Act. Stockholders are advised to review this document for details on how the merger may impact their shares.

Astra Space announced it received a deficiency notice from Nasdaq on May 22, 2024, due to its failure to timely file its Form 10-Q for the quarter ending March 31, 2024. This non-compliance with Nasdaq Listing Rule 5250(c)(1) had no immediate effect on Astra's stock listing. Astra cited the inability to file without unreasonable effort or expense as the reason for delay. The company is also non-compliant with Nasdaq's Minimum Bid Price and Minimum Stockholders' Equity Requirements. However, Astra filed the required Form 10-Q on May 29, 2024, curing the deficiency concerning Rule 5250(c)(1). Astra must submit a compliance plan to Nasdaq by July 22, 2024, but there is no assurance of success in regaining compliance with other listing requirements.

The Goldhirsh Foundation announces an all-female investment committee, a first for an organization of its size. The committee members bring diverse experience from finance, real estate, food, and philanthropy sectors. The Foundation, with a $60 million endowment, has shifted to 100% mission-aligned investing. Female-inclusive investment committees have shown 27% higher value creation. The Foundation invests in funds and enterprises focusing on human potential and wellness.

Astra Space, Inc. (ASTR) has entered a definitive merger agreement for the Parent to acquire all shares not already owned for $0.50 per share. The Special Committee of the Board of Directors unanimously recommended the transaction, with the closing expected in the second quarter of 2024.

Astra Space, Inc. (Nasdaq: ASTR) announced its Q3 2023 financial results, including deliveries of 8 Astra Spacecraft Engines™ and signing two new customer contracts totaling $11.7 million. The GAAP Net Loss was $29.7 million, with Adjusted Net Loss at $27.4 million and Adjusted EBITDA Loss at $24.7 million. Cash and Cash Equivalents totaled $13.9 million, with Restricted Cash at $5.0 million.

Astra Space, Inc. has closed an initial financing with affiliates of two early investors, JMCM Holdings LLC and Sherpa Venture Funds II, LLP, for a total investment amount of approximately $13.4 million. The financing includes the purchase of senior secured notes and associated warrants, a loan to Astra and its subsidiaries, and the sale of warrants to purchase shares of Astra's Class A Common Stock.

Astra Space to report Q3 2023 financial results and host webcast

Astra Space regains compliance with Nasdaq's minimum bid price requirement.