INVESTIGATION NOTICE: Kaskela Law LLC Announces Stockholder Investigation of Astra Space, Inc. (HOL / ASTR) and Encourages Long-Term Stockholders to Contact the Firm
PHILADELPHIA, Feb. 24, 2022 (GLOBE NEWSWIRE) — Investor protection firm Kaskela Law LLC announces that it is investigating Astra Space, Inc. (“Astra” or the “Company”) (NASDAQ: ASTR), f/k/a Holicity Inc. (NASDAQ: HOL), on behalf of the company’s long-term stockholders.
Astra operates as a space launch company. The current company was formed in July 2021 through a business combination between then-private Astra and Holicity, a special purpose acquisition company, with Astra as the surviving, publicly traded entity.
On December 29, 2021, market researcher Kerrisdale Capital released a report entitled “Astra Space, Inc (ASTR): Headed for Dis-Astra” (the “Report”) which alleged a myriad of issues with the Company. As detailed in a recently filed complaint, that Report detailed concerns about the Company’s: (i) “claims that it can launch anywhere”; (ii) “reliability and quality issues”; and (iii) “plans for diversification and its broadband constellation plan.” Following that Report, shares of the company’s stock fell $1.10 per share, or approximately 14% in value, to close at $6.61 per share on December 29, 2021, on unusually heavy trading volume. Currently, Astra’s shares are trading at approximately $3.00 per share.
Astra stockholders who purchased or acquired HOL or ASTR shares prior to May 24, 2021 are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by email ([email protected]) or online at https://kaskelalaw.com/cases/holicity-astra/, for additional information about this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in state and federal actions throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750
www.kaskelalaw.com
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