Spacecraft engine manufacturer and small rocket builder Astra announced on Friday that the company is investigating "potential illegal short selling."
The company said it hired financial software firm ShareIntel to assist with its review of "suspicious, aberrant or unusual trading activity." The announcement comes as Astra faces a delisting deadline of April 4, issued by the Nasdaq last year.Astra CEO Chris Kemp speaks inside the company's headquarters during the company's "Spacetech Day" on May 12, 2022.announced on Friday that the company is investigating "potential illegal short selling" among shareholders of its common stock.
The company said it hired financial software firm ShareIntel to assist with its review of "suspicious, aberrant or unusual trading activity." "Astra remains committed to protecting our investors and maximizing stockholder value," Chairman and CEO Chris Kemp said in a statement.