Astra Space (ASTR) Announces $100M Committed Equity Facility with B. Riley
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Astra Announces $100 Million Committed Equity Facility
August 2, 2022 5:23 PM EDTALAMEDA, Calif.--(BUSINESS WIRE)-- Astra Space, Inc. (Astra) (NASDAQ: ASTR) today announced that it has entered into a common stock purchase agreement with B. Riley Principal Capital II, LLC (B. Riley Principal Capital II).
The agreement governs a Committed Equity Facility that provides Astra the right, in its discretion and without obligation, to sell and issue up to $100 million of its Class A common stock over the course of 24 months to B. Riley Principal Capital II, subject to certain limitations and conditions, including that in no event will the number of... More
