Astra Space to go private
Posted: Sun, Mar 10, 2024, 9:18 AM ET (1318 GMT)
Astra Space has accepted a proposal from its founders to take the company private. The satellite propulsion and launch vehicle company announced Thursday that its board approved a revised proposal from Chris Kemp and Adam London, CEO and CTO respectively, to take the company private at $0.50 per share. The deal is expected to close in the second quarter, after which Astra will no longer be publicly traded but instead owned by "a number of long-term investors" in the company, including Kemp and London. Astra said in a regulatory filing last week that, if that deal fell through, its only option was a Chapter 7 bankruptcy liquidation.
Astra Space has accepted a proposal from its founders to take the company private. The satellite propulsion and launch vehicle company announced Thursday that its board approved a revised proposal from Chris Kemp and Adam London, CEO and CTO respectively, to take the company private at $0.50 per share. The deal is expected to close in the second quarter, after which Astra will no longer be publicly traded but instead owned by "a number of long-term investors" in the company, including Kemp and London. Astra said in a regulatory filing last week that, if that deal fell through, its only option was a Chapter 7 bankruptcy liquidation.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Space Force and NGA sign agreement on space-based intelligence
Posted: Sat, May 24 7:35 AM ET (1135 GMT) |
|
news links
|
|
Friday, May 30
Northrop Grumman Invests $50 Million in Firefly Aerospace to Advance Medium Launch Vehicle Named Eclipse
Firefly Aerospace — 1:50 am ET (0550 GMT) Firefly and Northrop Grumman’s New Rocket Gets a Name, and $50M Investment
ViaSatellite — 1:49 am ET (0549 GMT) New Northrop/Firefly Rocket Gets $50M — And A Name
Aviation Week — 1:49 am ET (0549 GMT) Luxembourg’s SES cleared by UK to acquire Intelsat in €2.8b deal
Luxembourg Times — 1:47 am ET (0547 GMT) Editorial: The fault in our Starlink narratives
Mail and Guardian — 1:47 am ET (0547 GMT) |
