Astra Space announces 1-for-15 reverse stock split

Astra Space announced that the company’s board of directors has approved a reverse stock split of Astra’s Class A common stock, par value $0.0001 per share, and Astra’s Class B common stock, par value $0.0001 at a ratio of 1-for-15. The reverse stock split is expected to become effective immediately after the close of the trading day on the Nasdaq Capital Market on September 13 and the Class A Common Stock will begin trading on the Nasdaq on a reverse split-adjusted basis on September 14 under the ticker symbol (ASTR).