Astra SPAC Presentation Deck
TRANSACTION SUMMARY
TRANSACTION
STRUCTURE
OFFERING
SIZE
VALUATION
PRO FORMA
CAPITAL
STRUCTURE
PRO FORMA
OWNERSHIP
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Business combination between Astra (the "Company") and Holicity Inc. ("Holicity"), a publicly-traded special purpose acquisition company
Expected to close in Q2 2021
Post-closing, the Company will maintain the Astra name, and will be listed on NASDAQ under a new ticker symbol "ASTR"
Holicity (NASDAQ:HOL) is a SPAC with ~$300M cash held in trust, 1/3 warrant structure
PIPE investors to commit $200M concurrent with transaction announcement
Pro forma enterprise value of $2.1B with well capitalized balance sheet
3.1x 2025E Adj. EBITDA
Astra will receive ~$489M in cash as a result of the transactions (including Series C)
100% existing Astra shareholder rollover: Astra founders to hold super-voting stock (10:1)
3% existing Astra shareholders (including Series C), 14% SPAC and founder shares, and 8% PIPE investors
Note: Assumes no redemptions by Holicity's existing public shareholders.
ASTRA
PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE
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