Astra Space, Inc. (NASDAQ: ASTR) Investor Notice: Investigation over potential Wrongdoing annoounced

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Astra Space, Inc.

Investors who purchased shares of Astra Space, Inc. (NASDAQ: ASTR) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Astra Space, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

On February 09, 2022, a lawsuit was filed by an investor in Astra Space, Inc. (NASDAQ: ASTR) against Astra Space, Inc. in the U.S. District Court for the Eastern District of New York over alleged violations of Federal Securities Laws by Astra Space, Inc. f/k/a Holicity, Inc. in connection with certain allegedly false and misleading statements made between February 2, 2021 and December 29, 2021.

The plaintiff claimed that between February 2, 2021 and December 29, 2021, the defendants made false and/or misleading statements and/or failed to disclose: (1) Astra cannot launch "anywhere"; (2) Astra significantly overstated its addressable market; (3) Astra overstated the effectiveness of its designs and reliability; (4) Astra significantly overstated its plans for diversification and its broadband constellation plan; and (5) as a result, defendants' public statements were materially false and/or misleading at all relevant times.

On December 28, 2022, an amended complaint was filed.

Those who purchased shares of Astra Space, Inc. (NASDAQ: ASTR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.