Former SPAC Astra finalises privatisation deal
Astra became the first launch company to be publicly traded on Nasdaq during the SPAC surge in 2021.
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Astra became the first launch company to be publicly traded on Nasdaq during the SPAC surge in 2021.
The company went public through a standard-issue IPO in January 2022, creating 3 million new shares worth $5 each on NASDAQ, raising $15m.
Founded in 2012, the ADGM-registered public company listed with the trading name Anghami.
The merger will turn Virgin Orbit into a publicly traded company on the Nasdaq with an initial valuation of $3.2bn.
Rocket Lab will receive approximately $777m, before transaction expenses, from the SPAC and a current private investment in public equity (PIPE) round.
A merger with Nasdaq-listed VMAC makes the MENA music streaming platform the first Arab tech company to be listed on Nasdaq.
