Astra Space, Inc. (NASDAQ: ASTR) has entered into a common stock purchase agreement with B. Riley Principal Capital II, LLC ("B. Riley Principal Capital II"). The agreement governs a Committed Equity Facility that provides Astra the right, in its discretion and without obligation, to sell and issue up to $100 million of its Class A common stock over the course of 24 months to B. Riley Principal Capital II, subject to certain limitations and conditions, including that in no event will the number of shares of Class A common stock sold exceed 19.99% of its outstanding Class A and Class B common stock.

"Securing this Committed Equity Facility is an important step in achieving Astra's mission to Improve Life on Earth from Space," stated CFO Kelyn Brannon. "The flexibility to raise equity capital as the need arises supports our current operations and the ongoing development of our launch services, space products and other space services offerings."

This press release is informational only and does not represent an offer to sell or the solicitation of an offer to buy any of Astra's securities. There will be no sale of Class A common stock in any jurisdiction in which such a sale would be unlawful.

Further details are contained in the Current Report on Form 8-K that Astra filed with the Securities and Exchange Commission today.

Related Links
Astra Space
The latest information about the Commercial Satellite Industry

Tweet

Thanks for being here; We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor $5 Billed Once credit card or paypal		SpaceMediaNetwork Monthly Supporter $5 Billed Monthly paypal only

Australians see space more as a danger than a benefit: Report
Sydney, Australia (SPX) Aug 03, 2022
Australia was at the forefront of the first space race and played a vital role in Apollo 11's iconic Moon landing in 1969. Half a century later, Australians are more likely to see space as a threat than a frontier full of positive possibilities, and just one in ten say they would like to work in the space industry. According to a new global report from Inmarsat - 'What on Earth is the value of space?', based on a survey of 20,000 people in 11 countries - 49% of Australians are concerned about spac ... read more