Key facts
- This page summarizes ERAS Capital LLC's Form 4 filing for Astra Space, Inc..
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 19 Jul 2024, 16:01.
ERAS Capital LLC - 18 Jul 2024 Form 4 Insider Report for Astra Space, Inc.
- Reporting relationship
- Other*
- Issuer ticker
- N/A
- Reported as of
- 18 Jul 2024
- Net transaction value
- -$1,054,146
- Reporting owner signature
- ERAS Capital, LLC By: /s/ Andrei Karkar Chief Executive Officer
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
ERAS Capital LLC filed Form 4 for Astra Space, Inc. on 19 Jul 2024.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$1,054,146.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ASTR
transaction
Class A Common Stock
Other
- Transaction value
- $0.5
- Shares
- -1
- Change %
- -100%
- Price
- $0.5000
- Shares after
- 0
- Date
- 18 Jul 2024
- Ownership
- See footnote
- Footnotes
- F1, F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ASTR
transaction
Derivative
Convertible Notes
Other
- Transaction value
- $1,000,000
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 18 Jul 2024
- Ownership
- See footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,237,624
- Exercise price
- $0.8080
- Footnotes
- F1, F3, F4
ASTR
transaction
Derivative
Warrants
Other
- Transaction value
- $54,146
- Shares
- -433,168
- Change %
- -100%
- Price
- $0.1250
- Shares after
- 0
- Date
- 18 Jul 2024
- Ownership
- See footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 433,168
- Exercise price
- $0.8080
- Footnotes
- F1, F3, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
ERAS Capital LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
On July 18, 2024, Apogee Parent, Inc. ("Parent") acquired the issuer pursuant to that certain Agreement and Plan of Merger entered into by and among the issuer, Parent and Apogee Merger Sub, a direct, wholly owned subsidiary of Parent ("Merger Sub"), dated as of March 7, 2024 (the "Merger Agreement"). In accordance with the Merger Agreement, Merger Sub merged with and into the issuer, with the issuer surviving such merger as a wholly owned subsidiary of Parent (the "Merger").
Footnote F2
In connection with the consummation of the Merger and pursuant to the Merger Agreement, such share of Class A Common Stock, par value $0.0001 per share (the "Class A Common Stock") was automatically canceled and converted into the right to receive $0.50 per share in cash, without interest.
Footnote F3
Held of record by ERAS Capital, LLC. Mr. Karkar is the sole member of ERAS Capital, LLC and thus may have been deemed to beneficially own the securities held of record by ERAS Capital, LLC. ERAS Capital, LLC has the same address as Mr. Karkar.
Footnote F4
On March 7, 2024, the Reporting Persons purchased convertible notes, aggregate principal amount $1,000,000, from the issuer (the "Convertible Notes") at an initial conversion price of $0.808 per share and accrued interest payable in kind. Upon consummation of the Merger and pursuant to a noteholder conversion agreement entered into, and in connection with, the Merger, such Convertible Notes (including accrued interest thereon) were converted into newly issued shares of Series A preferred stock, par value $0.0001 per share of Parent (the "Parent Series A Preferred Stock") at a price per share of $0.404 per share.
Footnote F5
On March 7, 2024, the Reporting Person purchased 433,168 warrants from the Issuer at a price of $0.125 per warrant. Each warrant was immediately exercisable on a one-to-one basis for Class A Common Stock at a price of $0.808 per share. Pursuant to a warrant exchange agreement entered into, and in connection with, the Merger, such warrants were converted into warrants to purchase shares of Parent Series A Preferred Stock at a price of $0.404 per share.
SEC remarks
The Reporting Person, together with Adam London, Chris Kemp, Chris Kemp Living Trust dated February 10, 2021, SherpaVentures Fund II, LP, SherpaVentures Fund II GP, LLC, Eagle Creek Capital, LLC, Scott Stanford, Astera Institute, RBH Ventures Astra SPV, LLC, JMCM Holdings LLC, Baldo Fodera, Alexander Morcos, MH Orbit LLC and Ulrich Gall (the "Selected Investors") may comprise a group within the meaning of Section 13(d)(3) of the Exchange Act that collectively beneficially owns greater than 10% of the registered securities of the Issuer. The Reporting Person expressly disclaims beneficial ownership over the shares beneficially owned by the Selected Investors.