Astra Space, Inc. executed a non-binding term sheet with JMCM Holdings LLC for issuance of senior secured convertible notes for a principal amount of up to $25 million on October 19, 2023.JMCM Holdings LLC would participate in an initial closing of the Proposed Financing in aggregate principal amount of at least $15.0 million, and that additional potential investors, to be identified by the Potential Lead Investor and the Company. The Proposed Lead Investor has expressed an interest in investing $5.0 million in the initial closing of the Proposed Financing. In addition, Sherpa Venture Funds II, LP (?Acme II?) has also expressed an interest in investing up to $5.0 million in the initial closing of the Proposed Financing on the terms outlined in the Term Sheet.
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Apr. 18 | Astra Space, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Apr. 11 | North American Morning Briefing : Stock Futures Edge Lower Ahead of PPI Inflation Gauge | DJ |
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+29.08% | 295M | |
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- Astra Space, Inc. announced that it expects to receive $25 million in funding