* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, May 30, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

    Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Aziz Ansari made Keanu Reeves Indian food so he wouldn’t feel ‘freaked out’ directing him in Good Fortune (exclusive) – Entertainment Weekly

    Aziz Ansari Whips Up Indian Cuisine for Keanu Reeves to Ease Directing Jitters in Good Fortune

    Cassie Ventura welcomes third child – crossroadstoday.com

    Cassie Ventura Joyfully Welcomes Her Third Child!

    Drew Brees opens Surge Entertainment Center in Metairie hot spot for new businesses – NOLA.com

    Drew Brees Unveils Exciting New Surge Entertainment Center in Metairie!

    Will Gio Stay Or Go On May 27 General Hospital? – Yahoo

    Will Gio Make a Shocking Exit on May 27th’s General Hospital

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    4Liberty Announces Collaboration with Itron to Drive Innovation in Utility Technology Adoption and Optimization – FinancialContent

    4Liberty Partners with Itron to Revolutionize Utility Technology and Boost Innovation

    Q1 2025 Quantum Technology Investment: What’s Driving the Surge in Quantum Investment? – The Quantum Insider

    Unleashing the Future: Exploring the Surge in Quantum Technology Investments for Q1 2025

    MIT Team Releases Tempting Report on Electric Aircraft Technology – AVweb

    MIT Team Releases Tempting Report on Electric Aircraft Technology – AVweb

    MSE, DXC Technology expand tech partnership – Sports Business Journal

    MSE, DXC Technology expand tech partnership – Sports Business Journal

    Technology Driving Performance: How Elite MA Plans Leverage Data, Care Coordination, and Advanced Analytics to Thrive Amid CMS’s Rigorous 2025 Standards, Black Book – Newswire.com

    Unlocking Success: How Top MA Plans Harness Data and Analytics to Excel Under CMS’s 2025 Standards

    Arqit acquires Ampliphae’s technology IP, enhancing its global encryption portfolio – GlobeNewswire

    Arqit Boosts Global Encryption Portfolio with Strategic Acquisition of Ampliphae’s Technology IP

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

    Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Aziz Ansari made Keanu Reeves Indian food so he wouldn’t feel ‘freaked out’ directing him in Good Fortune (exclusive) – Entertainment Weekly

    Aziz Ansari Whips Up Indian Cuisine for Keanu Reeves to Ease Directing Jitters in Good Fortune

    Cassie Ventura welcomes third child – crossroadstoday.com

    Cassie Ventura Joyfully Welcomes Her Third Child!

    Drew Brees opens Surge Entertainment Center in Metairie hot spot for new businesses – NOLA.com

    Drew Brees Unveils Exciting New Surge Entertainment Center in Metairie!

    Will Gio Stay Or Go On May 27 General Hospital? – Yahoo

    Will Gio Make a Shocking Exit on May 27th’s General Hospital

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    4Liberty Announces Collaboration with Itron to Drive Innovation in Utility Technology Adoption and Optimization – FinancialContent

    4Liberty Partners with Itron to Revolutionize Utility Technology and Boost Innovation

    Q1 2025 Quantum Technology Investment: What’s Driving the Surge in Quantum Investment? – The Quantum Insider

    Unleashing the Future: Exploring the Surge in Quantum Technology Investments for Q1 2025

    MIT Team Releases Tempting Report on Electric Aircraft Technology – AVweb

    MIT Team Releases Tempting Report on Electric Aircraft Technology – AVweb

    MSE, DXC Technology expand tech partnership – Sports Business Journal

    MSE, DXC Technology expand tech partnership – Sports Business Journal

    Technology Driving Performance: How Elite MA Plans Leverage Data, Care Coordination, and Advanced Analytics to Thrive Amid CMS’s Rigorous 2025 Standards, Black Book – Newswire.com

    Unlocking Success: How Top MA Plans Harness Data and Analytics to Excel Under CMS’s 2025 Standards

    Arqit acquires Ampliphae’s technology IP, enhancing its global encryption portfolio – GlobeNewswire

    Arqit Boosts Global Encryption Portfolio with Strategic Acquisition of Ampliphae’s Technology IP

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Science

Astra agrees to go private

March 7, 2024
in Science
Astra agrees to go private
Share on FacebookShare on Twitter

WASHINGTON — Spacecraft propulsion and launch company Astra Space has accepted a proposal from its founders to take the company private after previously warning its only other alternative was bankruptcy.

The company announced March 7 that it accepted a revised proposal made by Chris Kemp and Adam London, chief executive and chief technology officer respectively, on Feb. 24 to take the company private at $0.50 per share. That price was just one third of what the two originally offered in a November 2023 proposal to take the company private at $1.50 per share.

Astra said in a statement that a special committee of the company’s board of directors, tasked with evaluating that proposal and any alternatives, unanimously recommended the revised proposal. That committee, comprised of independent or otherwise disinterested directors, evaluated the proposal in the context of the company’s financial situation and concluded it was in the best interests of the company.

Astra’s board of directors then approved the proposal, with Kemp, London and Scott Stanford abstaining. SherpaVentures Fund II, an affiliate of Stanford who has helped finance the company in recent months, agreed to contribute its stake in the company as part of the deal.

Kemp and London said in their revised proposal that they estimated needing $40 million to $45 million to finance the deal, which covers buying shares and other expenses as well as providing a minimum of $20 million of cash to finance operations. They said they had arranged financing for the deal, including $8.6 million from unnamed customers to support future orders.

They did not disclose specifics of the financing, such as the identities of the companies financing future orders. Astra said in the statement that, once taken private, Astra will be owned by “a number of long-term investors” in the company, including Kemp and London.

The proposal from Kemp and London appeared to be the only option to keep Astra alive. The company said in a March 1 filing with the Securities and Exchange Commission that the special committee evaluating the proposal to go private had studied alternatives, “none of which have come to fruition.” It concluded that, if the proposal fell through, its only option was to file for Chapter 7 bankruptcy, resulting in liquidation of the company.

Astra said that it expected the deal to close in the second quarter, with no additional shareholder approvals needed. The company did not disclose if and when it planned to release financial results for the fourth quarter and all of 2023 before going private.

Shares in Astra, which closed March 6 at $0.86, fell sharply once Astra announced it was going private, closing at $0.584. The company went public in July 2021 through a special purpose acquisition company (SPAC) merger, but the value of those shares has dropped by more than 99% from its peak shortly after going public.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : SpaceNews – https://spacenews.com/astra-agrees-to-go-private/

Tags: AgreesAstrascience
Previous Post

Office of Space Commerce considers restoring orbital debris regulations for commercial remote sensing licensees

Next Post

Industry clouds give CIOs on-ramp to gen AI

Even birds can’t out-fly climate change – Phys.org

Even birds can’t out-fly climate change – Phys.org

May 30, 2025
Opinion | How China’s maritime strategy is swapping force for research diplomacy – South China Morning Post

Opinion | How China’s maritime strategy is swapping force for research diplomacy – South China Morning Post

May 30, 2025
Newly discovered ‘ghost’ lineage linked to ancient mystery population in Tibet, DNA study finds – Live Science

Unveiling the Secrets of Tibet: A Fascinating ‘Ghost’ Lineage Revealed by DNA Study

May 30, 2025
‘Wicked,’ gardening and Amy Sedaris: 7 events this week – Albuquerque Journal

‘Wicked,’ gardening and Amy Sedaris: 7 events this week – Albuquerque Journal

May 30, 2025
Yankees have a busload of momentum heading into World Series rematch against Dodgers – AP News

Yankees have a busload of momentum heading into World Series rematch against Dodgers – AP News

May 30, 2025
Economists blame Trump tariffs, AI explosion for threatening global economy – theregister.com

How Trump’s Tariffs and the AI Boom Are Shaking Up the Global Economy

May 30, 2025
Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

May 30, 2025
UMC Health System, Texas Tech HSC to honor endowed chairs, professors – Lubbock Avalanche-Journal

Celebrating Excellence: UMC Health System and Texas Tech HSC Honor Distinguished Professors and Endowed Chairs

May 30, 2025
Paris on Politics: Israel-Gaza conflict gets personal in Chicago’s City Council – FOX 32 Chicago

Paris on Politics: Israel-Gaza conflict gets personal in Chicago’s City Council – FOX 32 Chicago

May 30, 2025
Anduril and Meta Team Up to Transform XR for the American Military – Anduril

Revolutionizing Military Training: Anduril and Meta Join Forces to Enhance XR Technology

May 30, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (651)
  • Economy (664)
  • Entertainment (21,571)
  • General (15,248)
  • Health (9,706)
  • Lifestyle (666)
  • News (22,149)
  • People (666)
  • Politics (672)
  • Science (15,886)
  • Sports (21,170)
  • Technology (15,651)
  • World (652)

Recent News

Even birds can’t out-fly climate change – Phys.org

Even birds can’t out-fly climate change – Phys.org

May 30, 2025
Opinion | How China’s maritime strategy is swapping force for research diplomacy – South China Morning Post

Opinion | How China’s maritime strategy is swapping force for research diplomacy – South China Morning Post

May 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version