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.