Astra Space, Inc. to be Taken Private

Core Viewpoint - Astra Space, Inc. has entered into a definitive merger agreement to be acquired for $0.50 per share in cash, with the transaction expected to close in the second quarter of 2024 [1][3]. Group 1: Merger Agreement Details - The acquiring entity, referred to as the "Parent," is formed by Astra's co-founders Chris Kemp and Dr. Adam London, and will be owned by long-term investors including these co-founders [1]. - The transaction price of $0.50 per share represents a discount compared to Astra's closing price of $0.86 per share on March 6, 2024 [1]. - The Board of Directors, through a Special Committee of independent directors, unanimously recommended the transaction, considering Astra's liquidity situation [2]. Group 2: Transaction Approval and Conditions - The transaction has been approved by the written consent of the requisite number of shares, eliminating the need for additional stockholder approval [3]. - The transaction is subject to customary closing conditions and is expected to finalize in the second quarter of 2024 [3]. Group 3: Company Overview - Astra Space, Inc. aims to enhance life on Earth from space by providing low-cost orbital launch services and advanced electric propulsion systems for satellites [4].