Astra Space receives deficiency notice from Nasdaq

Astra Space announced that it received a deficiency notice from Nasdaq indicating that, because Astra did not timely file its quarterly report on Form 10-Q for the quarter ended March 31 with the SEC, Astra was not in compliance with Nasdaq Listing Rule 5250, which requires Nasdaq-listed companies to timely file all required periodic financial reports with the SEC. As previously reported by Astra on its notification of late filing on Form 12b-25, filed with the SEC on May 14, Astra was unable to file its Form 10-Q without unreasonable effort or expense by the prescribed due date for such filing. As previously disclosed on Astra’s current reports on form 8-K filed with the SEC on April 19 and April 26, respectively, Astra is not currently in compliance with Nasdaq Listing Rules 5450(a)(1) (the “Minimum Bid Price Requirement”) and 5550(b)(1).