Astra, having nearly depleted its cash stockpile from its SPAC merger two years ago, has signed a deal to raise $65 million through a stock sale. It will also do a 1-for-15 reverse split to avoid a Nasdaq delisting. https://spacenews.com/astra-to-raise-up-to-65-million-in-stock-sale/
SpaceNews
Astra to raise up to $65 million in stock saleFaced with dwindling cash and a stock delisting, Astra Space announced plans July 10 to perform a reverse split of its stock and sell up to $65 million.
