Alameda, California-based Astra Space has begun trading on the Nasdaq under the ticker symbol “ASTR” following the completion of its merger with special purpose acquisition company Holicity.
Shareholders in Holicity on Wednesday gave their approval of the deal, and Astra said it will use the $500 million raised from the transaction to further develop its space service delivery platform and pursue addressable market opportunities.
“Becoming a public company is an important milestone in our mission to improve life on Earth from space,” said Chris Kemp, founder, chairman and CEO of Astra.
Holicity Chairman and CEO Craig McCaw will join the board of directors of the combined company.
Deutsche Bank Securities served as Holicity’s primary financial and capital market adviser, while Ropes & Gray and PJT Partners respectively acted as Astra’s legal and financial advisers.