UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 12, 2022 |
Astra Space, Inc.
(Exact name of Registrant as Specified in Its Charter)
Delaware |
001-39426 |
85-1270303 |
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(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
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1900 Skyhawk Street |
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Alameda, California |
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94501 |
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(Address of Principal Executive Offices) |
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Registrant’s Telephone Number, Including Area Code: (866) 278-7217 |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Class A common stock, par value $0.0001 per share |
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ASTR |
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NASDAQ Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On April 12, 2022, Astra Space, Inc. ("Astra") issued a press release announcing that Astra and LeoStella LLC (“LeoStella”) entered into a contract for Astra to provide multiple Astra Spacecraft Engines for LeoStella satellites. A copy of our press release is included in this current report on Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
Description |
99.1 |
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104 |
Cover Page Interactive Data File (embedded with the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: April 12, 2022 |
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Astra Space, Inc. |
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By: |
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/s/ Kelyn Brannon |
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Name: |
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Kelyn Brannon |
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Title: |
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Chief Financial Officer |
Exhibit 99.1
Astra Announces Electric Propulsion System Contract with LeoStella
ALAMEDA, CA – April 12, 2022. Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) and LeoStella LLC (“LeoStella”) today announced a contract for Astra to provide multiple Astra Spacecraft Engines for LeoStella satellites. Astra is expected to begin delivering the propulsion systems later this year and into 2023.
LeoStella designs and manufactures operational satellites cost effectively and at scale. Astra’s Spacecraft Engine has demonstrated that it can assist satellites in achieving and maintaining target orbits and maneuverability and is expected to be integrated onto a variety of LeoStella’s satellites.
“As demand for small satellites continues to grow, we are always looking for innovative options to provide highly efficient, reliable propulsion for our satellites,” said Tod Byquist, Director of Programs and Supply Chain at LeoStella. “Astra’s Spacecraft Engine has good flight heritage and the performance we need to get our satellites to space on schedule.”
“LeoStella is a pioneering force in constructing critical space infrastructure through a variety of satellite designs,” said Mike Cassidy, VP of Product Management at Astra. “Their vision to deploy reliable, cost-effective satellites aligns closely with Astra’s and demonstrates the innovative forces at work to expand and accelerate access to space.”
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About Astra
Astra’s mission is to improve life on Earth from space by creating a healthier and more connected planet. Today, Astra offers one of the lowest cost-per-launch dedicated orbital launch services of any operational launch provider in the world. Astra delivered its first commercial payload into earth orbit in 2021, making it the fastest company in history to reach this milestone, just five years after it was founded in 2016. Astra (NASDAQ: ASTR) was the first space launch company to be publicly traded on Nasdaq. Visit astra.com to learn more about Astra.
About LeoStella
LeoStella is a state-of-the-art satellite design and manufacturing company transforming constellation construction by building small satellites cost-effectively and at scale. Based in Tukwila, Wash., LeoStella is a joint venture between Thales Alenia Space and BlackSky. The company was founded to meet the growing demand for efficient satellite development and manufacturing arising from the increasing number of constellations. For more information, visit https://www.leostella.com/.
Safe Harbor Statement
Certain statements made in this press release are “forward-looking statements”. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These
forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) our failure to meet projected development and delivery targets, including as a result of the decisions of governmental authorities or other third parties not within our control; (ii) changes in applicable laws or regulations; (iii) the ability of the Astra to meet its financial and strategic goals, due to, among other things, competition; (iv) the ability of Astra to pursue a growth strategy and manage growth profitability; (v) the possibility that Astra may be adversely affected by other economic, business, and/or competitive factors; (vi) the effect of the COVID-19 pandemic on Astra and (vii) other risks and uncertainties described discussed from time to time in other reports and other public filings with the Securities and Exchange Commission, including our registration statements and quarterly reports.
Astra Media Contact:
Kati Dahm
kati@astra.com
Astra Investor Contact:
Dane Lewis
dane@astra.com
LeoStella Media Contact:
Colleen Moffitt
media@leostella.com