© Reuters.

By Joey Roulette

WASHINGTON (Reuters) – Astra Space this week asked Nasdaq for more time to bring its stock price above $1 to avoid being delisted from the US stock exchange, the rocket company said in a statement on Thursday.

“Based on our discussions with representatives of Nasdaq, we expect to hear back from Nasdaq regarding the status of our application on or around April 5, 2023, and we are not aware of any reason why our application would not be approved,” Astra Chief Financial Officer Axel Martinez said in a statement.

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