| COMPANY |
Astra Space, Inc. f/k/a Holicity Inc. |
| COURT |
United States District Court for the Eastern District of New York |
| CASE NUMBER |
22-cv-00737 |
| JUDGE |
The Honorable Nina R. Morrison |
| CLASS PERIOD |
February 2, 2021 - December 29, 2021 |
| SECURITY TYPE |
Securities |
Case Background:
A class action lawsuit has been filed on behalf of those who purchased or acquired Astra Space, Inc. (“Astra”) (NASDAQ: ASTR) f/k/a Holicity Inc. (“Holicity”) (NASDAQ: HOL) securities between February 2, 2021 and December 29, 2021, both dates inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Astra cannot launch “anywhere”; (2) Astra significantly overstated its addressable market; (3) Astra overstated the effectiveness of its designs and reliability; (4) Astra significantly overstated its plans for diversification and its broadband constellation plan; and (5) as a result, the defendants’ public statements were materially false and/or misleading at all relevant times.
Current Status of Case:
On August 2, 2023, the Court granted Defendants’ Motion to Dismiss. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.