Spacecraft maker Astra to execute reverse stock split, raise up to $65 million

Astra Space

10/07/2023 22:53

WASHINGTON, July 10 (Reuters) - Spacecraft firm Astra
Space  ASTR.O  on Monday said in a securities filing it plans to
raise up to $65 million and that it would also execute a reverse
stock split at a 1-to-15 ratio, a move that could save the
company from a NASDAQ delisting.

 (Reporting by Joey Roulette
Editing by Chris Reese)
 ((Joey.Roulette@thomsonreuters.com; 7034696632;))