The founders of struggling space company Astra have offered to take the company private at a value of about $30 million, according to a securities filing on Thursday.
Chris Kemp, chairman and CEO, and Adam London, chief technology officer, delivered a proposal to the Astra board of directors on Wednesday to acquire all the company's outstanding stock at a $1.50 a share.have offered to take the company private at a value of about $30 million, according to a securities filing on Thursday.
Chris Kemp, chairman and CEO, and Adam London, chief technology officer, delivered a proposal to the Astra board of directors on Wednesday to acquire all the company's outstanding stock at a $1.50 a share. That price is a 103% premium to Wednesday's closing price at 74 cents a share, which represents a market value of about $16 million.Sign up here to receive weekly editions of CNBC's Investing in Space newsletter