We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Holicity Inc. (“Holicity” or the “Company”) (NASDAQ: HOL) in connection with the Company’s proposed merger with Astra Space, Inc. (“Astra”), a privately held startup that makes small rockets to send satellites into orbit.  Under the terms of the merger agreement, Holicity will acquire Astra through a reverse merger that will result in Astra becoming a public company traded on the NASDAQ under the symbol “ASTR.”  The transaction represents an implied pro forma enterprise value for Astra of $2.1 billion.

WeissLaw LLP is investigating whether Holicity’s board acted in the best interest of Holicity’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Astra, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Holicity’s public shareholders. WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com