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
|
|
|
|
news links
|
|
Friday, November 7
SES Feels Pinch Of Government Shutdown
Aviation Week — 7:04 am ET (1204 GMT) SES Reports Some Contract Delays from US Shutdown in Q3 Results
ViaSatellite — 7:04 am ET (1204 GMT) SES performance scarred by US budget standoff
Luxembourg Times — 7:03 am ET (1203 GMT) BT strikes satellite broadband deal with Elon Musk’s Starlink
The Daily Telegraph — 7:01 am ET (1201 GMT) Elon Musk's Starlink to start services in India
AFP — 7:00 am ET (1200 GMT) |
