Astra secures interim funding offer

WASHINGTON — Launch auto and spacecraft propulsion organization Astra Space said Nov. 6 that it has secured interim funding from two investors that presents the organization through the close of future 7 days to obtain extra funding.

In a assertion issued immediately after the near of trading, Astra said that JMCM Holdings LLC and Sherpa Undertaking Funds II, LLP, which it described as affiliate marketers of two early buyers in Astra, agreed to supply $13.4 million in “initial financing” as element of a non-binding phrase sheet Astra declared Oct. 23 that sought to elevate $15 million to $25 million.


Read More