Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Astra Space, Inc. f/k/a Holicity, Inc. (ASTR, HOL) Investigation

NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Astra Space, Inc. f/k/a Holicity, Inc. (“Astra” or the “Company”) (NASDAQ: ASTR, HOL). Investors who purchased Astra shares are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/astr.

The investigation concerns whether Astra and certain of its officers and/or directors have violated federal securities laws.

On December 29, 2021, Kerrisdale Capital published an article about Astra called “Astra Space, Inc (ASTR): Headed for Dis-Astra.” The article alleged multiple issues including that “Astra’s rocket launch projections are nonsense. No market analysis supports Astra’s planned 300+ launches by 2025.” The report also alleges that “[p]ost-merger cash on hand – originally touted as sufficient to fully fund the company until daily launch in 2025 – is now only enough to cover monthly launches in 2023[.]” The article continued to allege that “the seemingly mundane issue of finding somewhere to launch is a risk to Astra’s long-term vision because contrary to management’s oft repeated claim – Astra can’t launch from anywhere,” and “[r]ecent M&A and a broadband constellation announcement smack of trying to run SpaceX’s playbook – but without any of SpaceX’s resources and without having first established basic launch reliability.” Following this news, Astra stock dropped during intraday trading on December 29, 2021.

If you are aware of any facts relating to this investigation or purchased Astra shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/astr. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.