Astra / Holicity SPAC Merger First Space Launch Company on NASDAQ

Astra Space, Inc. (“Astra”) merged with Holicity Inc. (“Holicity”), a special purpose acquisition company formed by funds affiliated with Pendrell Corporation and Bill Gates. At the time, Astra was the fastest privately funded U.S. company in history to demonstrate orbital launch capability. The deal was valued at approximately $2.1 billion, raising up to $500 million in cash proceeds including a $200mm upsized PIPE led by funds and accounts managed by BlackRock.

T.J. Wallace acted as the Financial Advisor, Capital Markets Advisor & Lead Placement Agent for the PIPE to Holicity.