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Astra Founders Offer To Take Company Private At Value Of About $30 Million

As per a securities filing on Thursday, the founders of Astra, a failing space company, have proposed to take the company private at a valuation of approximately $30 million.
The chief technology officer, Adam London, and chairman and CEO Chris Kemp presented a proposal to the Astra board of directors on Wednesday to purchase all of the outstanding shares of the firm at a price of $1.50 per share.
That amount reflects a 103% premium over the closing price on Wednesday of 74 cents per share, or almost $16 million in market value.
“We think that Astra will benefit most from being a private firm in terms of its strategic goals and business opportunities. In a letter to the board, Kemp and London stated that “taking the company private while delivering a meaningful premium to current shareholders allows for the best interests of shareholders as well as the Company, its employees, and its customers to be met.”
The take-private plan will require $60 million to $65 million in funding, depending on the purchase price, transaction costs, and bridge financing, according to the founders. “Open to certain accredited investor stockholders of the Company rolling their equity into the transaction” is another statement made by Kemp and London.
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Astra’s rocket launch operations have been suspended following a mission failure in June 2022. With its acquired spacecraft propulsion business unable to generate significant quarterly revenue, the company is rapidly running out of cash. In an effort to concentrate on producing spacecraft engines rather than rocket development, Astra laid off 25% of its employees in early August.
Astra said on Friday that its cash reserve fell below $10.5 million last month and that it missed a debt raising. The business then raised money from two investors on Monday to settle that outstanding debt.
In February 2021, Astra went public through a SPAC merger, valued at $2.6 billion. The startup wanted to build tiny rockets quickly and affordably. Even though Astra was able to successfully enter orbit twice, the business experienced three launch failures after going public.
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Kim Kardashian Reveals Her Secret Lip Tattoo On ‘The Kardashians’

Kim Kardashian helps plan hairstylist Chris Appleton’s Vegas wedding weekend, and the subject of tattoos comes up. In a twist no one saw coming, Kim, 43, has some shocking news to share with the world. In the November 9 episode of The Kardashians, Kim shows off her secret lip tattoo. Kim explains that she got the lip tattoo after hosting Saturday Night Live on October 9, 2021.
She pulls down her lip to show Chris the tattoo, which is a simple infinity symbol on the inside of her lower lip. Kim and all of her friends got matching tattoos after she made her SNL hosting debut. While her friends got the infinity symbol on their hands, Kim decided to get hers on her lip!
Kim hosting SNL in 2021 has proven to be one of the most memorable nights for the reality star. That’s the night her romance with Pete Davidson first sparked. Kim and Pete dated from October 2021 to August 2022. While they were dating, Pete got “my girl is a lawyer” tattooed near his collarbone and “Kim” inked on his chest.
Kim also reveals videos she took of the night she got her lip tattoo. La La Anthony was by Kim’s side and holding her legs as the tattoo artist inked up Kim’s lip. “I finally put a bumper sticker on a Bentley,” Kim says to Chris.
The SKIMS founder admits that “no one knows” about her tattoo, and she even forgets about it most of the time. Kim does admit that she’ll sometimes freak out when she sees the black ink on her lip when she’s flossing her teeth.
Back in 2009, Kim famously talked about her lack of ink during an interview on The Wendy Williams Show. When Wendy Williams asked Kim about having no tattoos, Kim replied, “Honey, would you put a bumper sticker on a Bentley?” Well, times have certainly changed for Kimmy K!
Kim plans the most epic wedding weekend for her longtime hairstylist and Lukas Gage. She surprises them with a special Shania Twain performance and even officiates their ceremony. New episodes of The Kardashians premiere Thursdays on Hulu.
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‘The Golden Bachelor’s Faith Martin Was In A Rut Before Turning 60. Here, She Reveals What Changed

Martin has vowed not to look back or wish she had her revelation sooner. She will not turn back, no matter what happens with Turner, 72. Rather, she’s accepting the lessons the challenging years have taught her.
“My face is covered in numerous scars. Although I haven’t been kind to myself, things are as they are,” she remarks. “I’m too busy right now enjoying life, working, and doing the things I love.” We feel happiest when we pursue our passions. Perhaps we also appear younger.
In the latest episode of Drop the Routine on Glamour, Martin shares her self-care routine, particularly in light of her experience with skin cancer. She also discusses her willingness to discuss injectables and her go-to moisturizer.
Since I developed skin cancer on my nose last year, sunscreen is the one thing I’ve become fervent about. Because of the divot that resulted from the biopsy on my nose, I always advise people to use sunscreen. Unfortunately, a lot of sunscreens have an odd fragrance, cover your face entirely in white, and make you appear strange. However, Superscreen Daily Moisturizer SPF 40 from Supergoop applies easily and transparently. I also use the tinted moisturizer with sunscreen from Supergoop!. After that, I just applied bronzer. I only use bronzer; I don’t use foundation.
Frank’s rosehip oil body as lotions frequently feel [too] thick on the skin. And I use coconut oil—the cooking kind—if I’m not using this. I simply grab the jug. I started using coconut oil since the thick lotions didn’t feel right and I would get dry patches while I was outside in the sun. I would simply grab some olive or coconut oil and apply it to myself. I also wrapped it around my cuticles. I always apply Nivea to my neck as well.
We frequently have the opportunity to perform endorsement-type work in radio, so I do advertisements for the New U Women’s Clinic & Aesthetics in Washington. In 2018, they requested that I do an AquaGold microchannel microinjector treatment. Your own blood platelets are extracted, and Botox and filler are also injected. They applied pressure to my entire body. And I promise that as soon as they completed that, I became aware of a change in the texture of my skin. Because I have complete faith in Dr. Rachel Fidino, I’m fine if she gives me a little prod here and there. Twice a year, I have Botox, specifically for the wrinkles that run between my eyebrows. You’re sitting there thinking to yourself, “Why am I poking myself and hurting my face with this?” However, after four days or so, you say, “Yes, I really love this.”
The New York Times best-selling book The Big Bang Theory: The Definitive, Inside Story of the Epic Hit Series was written by Jessica Radloff, senior West Coast editor for Glamour.
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Zac Efron Would Be ‘Honored’ To Play Matthew Perry In Biopic

The fact that he is no longer with us still breaks my heart, 36-year-old Zac Efron said to Extra on Wednesday, November 8.
Perry wanted Efron to portray a younger version of him in a potential biopic, according to his friend Athenna Crosby, who made this revelation in an interview with ET Canada following the Friends alum’s passing.
“I felt incredibly honored. On Wednesday, Efron stated, “To do it would be extraordinary.” “We’ll observe the situation.”
Crosby claims that Perry stated he “was gonna ask [Efron] soon” about the potential part.
Following his death at the age of 54, actor Matthew Perry is being mourned by celebrities. Perry passed away on Saturday, October 28, apparently from drowning. After receiving a call about a person experiencing cardiac arrest, police reportedly discovered the actor unconscious in a bathtub at a Los Angeles residence. Ian Ziering, a collaborator with […]
Efron continued, “To think he was thinking of me for that role, I mean I would be honored to do it, to be honest,” in a separate interview with Entertainment Tonight on Wednesday.
“I had the best time of my life working with him,” Efron continued, referring to Perry as “the best guy in the world” and telling the publication.
In the 2009 film 17 Again, Efron portrayed Mike O’Donnell, Perry’s younger role.
On April 14, 2009, in Hollywood, Michelle Trachtenberg, Zac Efron, Leslie Mann, and Matthew Perry attend the film’s premiere. Getty Images/Kevin Winter
On October 28, Perry’s death was announced following what seemed to be a drowning at his Los Angeles residence. In a statement released on October 30, the Los Angeles Fire Department said that he was discovered “unconscious in a stand-alone jacuzzi.”
The statement went on, “Firefighters removed the man from the water upon their arrival after a bystander had brought his head above the water and gotten him to the edge.” Sadly, a quick medical examination found the individual had passed away before first responders could arrive.
Before a toxicology study is completed, Perry’s cause of death has not been disclosed.
Crosby exclusively told Us Weekly on November 1 that Perry “was in a good state of mind” prior to his death. In the final days before his passing, she spent time with the actor.
“He was quite happy to be hanging out and was talking the entire time. He was “talking about his life and sharing with me funny stories about his time in the industry,” she continued, calling it “great.”
After becoming well-known for playing Chandler Bing in the television series Friends, Matthew Perry never hesitated to talk openly about his personal troubles. For a period, when [fame] occurs, it’s similar to Disneyland. This sensation of “I’ve made it, I’m thrilled, there’s no problem in the world” lasted for me for almost eight months. [..]
He was talking about how happy he was to have a second act and how his acting goals had been hampered by problems, but he had overcome them all and was eager to get back into it full force, according to Crosby.
Along with having a great acting career, Perry was committed to supporting people who battled drug addiction.
“I don’t want Friends to be the first thing that people talk about when I die,” Perry stated in a November 2022 audio interview with Tom Power’s “Q.””I want to live the rest of my life proving that it should be the first thing mentioned.”
Our Matthew Perry-themed special issue is now available.
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