Astra seeks more time to boost stock above $1 to avert delisting (updated)

Astra Space

16/03/2023 21:04

(Adds CFO quote)
    By Joey Roulette
       WASHINGTON, March 16 (Reuters) - Astra Space  ASTR.O 
this week asked Nasdaq for more time to bring its stock price
above $1 to avoid being delisted from the U.S. stock exchange,
the rocket company said in a statement on Thursday.    
    "Based on our discussions with representatives of Nasdaq, we
expect to hear back from Nasdaq regarding the status of our
application on or around April 5, 2023, and we are not aware of
any reason why our application would not be approved," Astra
Chief Financial Officer Axel Martinez said in a statement. 



 (Reporting by Joey Roulette;
Editing by Chris Reese and Stephen Coates)
 ((Joey.Roulette@thomsonreuters.com; 7034696632;))