Astra secures $12.5 million senior secured note financing

Alameda, calif.--(business wire)---- $astr #adastra--astra space, inc. (“astra”) (nasdaq: astr) announced today that it has closed a registered issuance of $12.5 million aggregate principal amount of senior secured notes (the “notes”) and warrants (the “warrants”) to purchase up to 22.5 million shares of astra's class a common stock, par value $0.0001 per share (the “shares”) to an institutional investor. the notes bear interest at 9.0% per annum, mature on november 1, 2024, and are secured by a first priority se.
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