The Space Investor - 🚀 $ASTR To Reverse Split

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• At the 2023 Annual Meeting last week, investors voted for the inevitable: preservation of ASTR shares ability to trade on the Nasdaq.
   
• The exact ratio and timing is to be determined later by the discretion of the Board of Directors, but is expected in the range of 1-for-5 to 1-for-15 and no later than June 8, 2024.
   
• ASTR received its first warning from the NASDAQ on October 6th and on March 13th submitted an application to Nasdaq for an additional 180-day grace period.

• Mr. Tony Gingiss spent more than two decades with Boeing Satellites Systems, served as Chief Executive Officer of Airbus OneWeb Satellites, and most recently served as Chief Operating Officer at Virgin Orbit where he was responsible for the day-to-day operations.
   
• Gingiss was last heard from blasting Virgin Orbit management on his way out (👏).

• The first two spaceflights, Galactic 01 and Galactic 02 are planned to launch between June 27 - 30 and early August, with monthly spaceflights scheduled thereafter.
   
• Galactic 01 is a scientific research mission that will carry three crew members from the Italian Air Force to conduct microgravity research.
   
• Shares popped +47% to start the day but closed the day +16% higher.

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