Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | ASTR | Class A Common Stock | 199K | Mar 7, 2024 | See footnote | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | ASTR | Senior Secured Convertible Notes due 2025 | Mar 7, 2024 | Class A Common Stock | 11.9M | $0.81 | See footnote | F2, F3, F4 | ||||||
holding | ASTR | Senior Secured Convertible Notes due 2025 | Mar 7, 2024 | Class A Common Stock | 4.95M | $0.81 | See footnote | F2, F3, F5 | ||||||
holding | ASTR | Warrants | Mar 7, 2024 | Class A Common Stock | 1.5M | $0.81 | See footnote | F3, F4, F6 | ||||||
holding | ASTR | Warrants | Mar 7, 2024 | Class A Common Stock | 3.1M | $0.81 | See footnote | F3, F4, F6 | ||||||
holding | ASTR | Warrants | Mar 7, 2024 | Class A Common Stock | 1.08M | $0.81 | See footnote | F3, F4, F6 | ||||||
holding | ASTR | Warrants | Mar 7, 2024 | Class A Common Stock | 1.73M | $0.81 | See footnote | F3, F5, F6 |
Id | Content |
---|---|
F1 | These shares of Class A Common Stock are managed by Baldo Fodera ("Mr. Fodera") for the benefit of Alexander Morcos ("Mr. Morcos"), entities owned by Mr. Morcos, and a private charitable foundation. Each of Mr. Morcos and Mr. Fodera disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |
F2 | The holders of these Senior Secured Convertible Notes due 2025 (the "Convertible Notes") may, at their option, prior to maturity, convert all or any portion of the outstanding amount of the Convertible Notes, including accrued paid-in-kind interest thereon, subject to certain limitations, into shares of Class A Common Stock, at an initial conversion rate of 1,237.6238 shares of Class A Common Stock per $1,000 principal amount of Convertible Notes, which is equivalent to an initial conversion price of approximately $0.808 per share of Class A Common Stock. The conversion rate is subject to adjustment in accordance with the terms of the Convertible Notes and will be subject to standard adjustments in the event of any stock split, stock dividend, stock combination, recapitalization, or other similar transactions. |
F3 | The conversion of the Convertible Notes and exercise of the warrants reported herein (the "Warrants") are subject to a beneficial ownership limitation that provides that the Issuer shall not effect the conversion of any portion of the Convertible Notes nor issue shares upon the exercise of any portion of the Warrants, and the holder of such Convertible Notes and Warrants shall not have the right to convert any portion of the Convertible Notes nor exercise any portion of the Warrants, to the extent that, after giving effect to such conversion or exercise, the holder, together with any affiliates and any persons acting as a "group," as such term is used for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Act"), with such holder, collectively would beneficially own in the aggregate in excess of 9.99% of the number of shares of Class A Common Stock outstanding immediately after giving effect to such conversion or exercise (the "Blocker"). |
F4 | These securities are held directly by JMCM Holdings LLC ("JMCM"). Mr. Morcos and Mr. Fodera are co-managers of JMCM, and Mr. Morcos is the sole member. Each of Mr. Morcos and Mr. Fodera disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |
F5 | These securities are held directly by MH Orbit LLC. Mr. Morcos and Mr. Fodera are co-managers of MH Orbit LLC, and Mr. Morcos is the sole member. Each of Mr. Morcos and Mr. Fodera disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |
F6 | These Warrants are currently exercisable, subject to the Blocker. |
In connection with the Agreement and Plan of Merger, dated as of March 7, 2024, by and among the Issuer, Apogee Parent Inc., and Apogee Merger Sub Inc., the Reporting Persons entered certain agreements and arrangements with other shareholders of the Issuer and, accordingly, may be deemed to be members of a "group," as such term is defined in Section 13(d)(3) of the Act and Rule 13d-5 thereunder, with such other shareholders of the Issuer. Collectively, such "group" may be deemed to beneficially own approximately 26.3% of the shares of the Issuer's Class A Common Stock outstanding. Accordingly, the Reporting Persons are filing this Form 3 by virtue of their deemed membership in such "group." Exhibit List: Exhibit 24 - Power of Attorney