WASHINGTON The board of spacecraft propulsion and launch vehicle company Astra has warned that if it is unable to complete a deal offered by the companys founders to go private, its only option is to liquidate the company.
In a filing with the Securities and Exchange Commission after the markets closed March 1, Astra said a special committee of its board was reviewing a revised proposal offered by Chris Kemp and Adam London, the companys chief executive and chief technology office respectively, Feb. 24 to take the company private at $0.50 per share. That price was two-thirds lower than the original offer they made in November.
The board indicated that was the only option that would keep Astra alive. The Company, under the supervision of…
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