ASTR Stock Alert: Astra Space Is Going Private

Group 1 - Astra Space plans to go private with a proposal to buy ASTR stock at 50 cents per share, significantly lower than the previous closing price of 86 cents [1] - The take-private deal has been approved by the Board of Directors without the need for a vote, as they have received written approval from a sufficient number of investors [1] - The deal is expected to take effect in the second quarter of 2024, after which ASTR will no longer be traded on public exchanges [2] Group 2 - Following the announcement, Astra Space's stock initially dropped by 32.1% before recovering slightly to a 1% increase as of Friday morning [2]