Astra Space agrees to go private for $11.25M at $0.50/share in Q2 2024 to avoid bankruptcy.
Astra Space, a small rocket manufacturer, has agreed to be taken private by its co-founders Chris Kemp and Adam London for $11.25 million, at $0.50 per share. The transaction is expected to close in Q2 2024, with long-term investors, including the co-founders, owning the company. Astra has faced significant financial losses as a publicly-traded company, leading to the decision to go private and avoid bankruptcy.
March 07, 2024
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