EQUITY ALERT: Rosen Law Firm Encourages Astra Space, Inc. f/k/a Holicity, Inc. Investors with Losses to Inquire About Class Action Investigation – ASTR, HOL - Yahoo Finance

NEW YORK, December 29, 2021--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Astra Space, Inc. f/k/a Holicity, Inc. (NASDAQ: ASTR, HOL) resulting from allegations that Astra may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Astra securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2233.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

WHAT IS THIS ABOUT: On December 29, 2021, during trading hours, market analyst Kerrisdale Capital published a report regarding Astra entitled "Astra Space, Inc (ASTR): Headed for Dis-Astra" which alleges several issues at the Company 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[.]" Further the report alleges 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." Finally, the report alleges that "[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."

source: https://finance.yahoo.com/news/equity-alert-rosen-law-firm-191000896.html

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