Astra Space receives deficiency notice from Nasdaq, shares fall

Astra Space

10/10/2022 10:19

** Shares of rocket maker Astra Space Inc  ASTR.O  down 8.5%
to $0.54 premarket
    ** Co says it received a deficiency notice from NASDAQ about
not being in compliance with a minimum bid price rule as the
stock closed $1.00 for the last thirty consecutive sessions
    ** Adds that notice does not have immediate effect on
listing of stock, but has until Apr. 4, 2023 to regain
compliance with the rule
    ** ASTR fell ~95% as of Friday's close, since it went public
in July 2021 after being acquired by a blank-check firm
    ** Earlier this year, ASTR faced mission failures in June
and February 
    ** Up to last close, stock had fallen ~91% YTD
 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))