Holicity Inc is a Special Purpose Acquisition Company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

When insiders sell shares, it indicates their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h2>Charles Schwab </h2>
The Trade: The Charles Schwab Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) Chairman Charles Schwab <a href="https://www.benzinga.com/sec/insider-trades/"> disposed a total of 199400 shares </a> at an average price of $80.34. The insider received $1,044,375.80 as a result of the transaction.
What&rsquo;s Happening: Charles Schwab, last week, reported better-than-expected Q3 EPS and sales results.
What Charles Schwab Does: Charles Schwab operates in the brokerage, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website.
<h2>Ford </h2>
The Trade: Ford Motor Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) President, Ford Europe Stuart Rowley <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 15000 shares </a> at an average price of $16.00. The insider received $240,031.92 from selling those shares.
What&rsquo;s Happening: Ford Motor recently rolled out the first units of the locally-built Mustang Mach-E electric vehicle from its Changan manufacturing plant in Chongqing.
What Ford Does: Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands. The company has about 14% market share in the United States and about 7% share in Europe.
<h2>Accenture </h2>
The Trade: Accenture plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) Chief Executive &ndash; Europe Jean-Marc Ollagnier <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 5233 shares </a> at an average price of $340.81. The insider received $1,783,453.87 as a result of the transaction.
What&rsquo;s Happening: Accenture announced plans to collaborate with MediaMarktSaturn to reshape content creation.
What Accenture Does: Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration.
<h2>Bank of America </h2>
The Trade: Bank of America Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bac#NYSE">BAC</a>) President - Retail and Preferred &amp; Small Business Banking Dean C Athanasia <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 108478 shares </a> at an average price of $45.77. The insider received $4,965,038.06 from selling those shares.
What&rsquo;s Happening: The bank, last week, reported better-than-expected Q3 earnings.
What Bank of America Does: Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets.
<h2>Coinbase Global </h2>
The Trade: Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) Director Frederick Ernest Ehrsam III <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 87649 shares </a> at an average price of $273.69. The insider received $23,988,474.38 from selling those shares.
What&rsquo;s Happening: The National Basketball Association announced its first cryptocurrency sponsorship in a partnerhsip with Coinbase Global.
What Coinbase Global Does: Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy.

News

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

COIN

SCHW

5 Stocks Insiders Are Selling

Akouos, Inc. (&quot;Akouos&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKUS#NASDAQ">AKUS</a>), a precision genetic medicine company dedicated to developing potential gene therapies for individuals living with disabling hearing loss worldwide, today announced that Manny Simons, Ph.D., M.B.A., co-founder, president, and chief executive officer of Akouos, will participate in a presentation at the Jefferies Gene Therapy/Editing Summit on Wednesday, October 27 at 9:30 a.m. EDT. 
&nbsp;
A live webcast of the presentation will be accessible through the investors section of&nbsp;<a href="http://www.akouos.com/">www.akouos.com</a>. To access the webcast, please go to the Akouos website approximately 15 minutes prior to the start time to ensure adequate time for any software downloads that may be required. An archived replay will be available on Akouos&#39;s website for 30 days following the conference.

Events

AKUS

Akouos To Present At Jefferies Gene Therapy/Editing Summit

Berenberg initiates coverage on INDUS Realty Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDT#NASDAQ">INDT</a>) with a Buy rating and announces Price Target of $77.

Price Target

Initiation

Analyst Ratings

INDT

Berenberg Initiates Coverage On INDUS Realty Trust with Buy Rating, Announces Price Target of $77

Biotech

General

VECT

VectivBio Announces FDA Has Cleared Co.'s IND For Apraglutide

Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) reported quarterly earnings of $2.57 per share which beat the analyst consensus estimate of $2.01 by 27.86 percent. This is a 77.24 percent increase over earnings of $1.45 per share from the same period last year. The company reported quarterly sales of $1.04 billion which beat the analyst consensus estimate of $958.33 million by 8.10 percent. This is a 40.42 percent increase over sales of $737.81 million the same period last year.

Earnings

Winnebago Industries Q4 EPS $2.57 Beats $2.01 Estimate, Sales $1.04B Beat $958.33M Estimate

CLSK

CleanSpark Announces Purchase Of An Additional 2,250 Units Of The Antminer S19j Pro Bitcoin Mining Machine

Berenberg initiates coverage on EastGroup Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) with a Buy rating and announces Price Target of $215.

Berenberg Initiates Coverage On EastGroup Properties with Buy Rating, Announces Price Target of $215

This marks the first regulatory approval for BRUKINSA in Russia
BRUKINSA is now approved for the treatment of MCL in ten countries, following the U.S., China, Canada, Australia, and others
BeiGene is committed&nbsp;to rapidly advancing the global registration of BRUKINSA on its own and alongside strategic collaborators
Under an exclusive distribution agreement, Nanolek will commercialize BRUKINSA in Russia

Global

BGNE

BeiGene And Nanolek Announce Approval In Russia For BRUKINSA For Treatment Of Patients With Relapsed Or Refractory Mantle Cell Lymphoma

Manhattan Bridge Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOAN#NASDAQ">LOAN</a>) reported quarterly earnings of $0.10 per share. This is a 16.67 percent decrease over earnings of $0.12 per share from the same period last year.

LOAN

Manhattan Bridge Capital Q3 EPS $0.10 Down From $0.12 YoY

Benchmark analyst Bill Sutherland initiates coverage on Quipt Home Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QIPT#NASDAQ">QIPT</a>) with a Buy rating and announces Price Target of $7.5.

QIPT

Benchmark Initiates Coverage On Quipt Home Medical with Buy Rating, Announces Price Target of $7.5

IRBT

iRobot Announces Partnership With Bona For Hardwood And Hard-Surface Floor Cleaner Solutions

Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) reported quarterly earnings of $1.78 per share which beat the analyst consensus estimate of $1.71 by 4.09 percent. This is a 16.34 percent increase over earnings of $1.53 per share from the same period last year. The company reported quarterly sales of $838.00 million which beat the analyst consensus estimate of $833.26 million by 0.57 percent. This is a 17.20 percent increase over sales of $715.00 million the same period last year.

NDAQ

Nasdaq Q3 EPS $1.78 Beats $1.71 Estimate, Sales $838.00M Beat $833.26M Estimate

Wells Fargo analyst Sarah Akers initiates coverage on UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) with a Equal-Weight rating and announces Price Target of $46.

Wells Fargo Initiates Coverage On UGI with Equal-Weight Rating, Announces Price Target of $46

Recro Pharma, Inc. (&quot;Recro&quot;; NASD:&nbsp;<a href="https://www.globenewswire.com/Tracker?data=xiKvzTBOPaKIxaegluovf1PavxRMpwY-k60gOIaFFzeOgS29jDVZ3Oma3Ilg-cSZnYvZM5YU-l5ALAcecCoaeqX76qa3Y9yx4zMh_Ls97Mo=" target="_blank">REPH</a>), a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges primarily in small molecule therapeutic development, today announced that it has been awarded a new development and manufacturing contract by the National Center for Advancing Translational Sciences (NCATS) at the National Institutes of Health (NIH). The contract, &quot;Dosage Form Development, Manufacture, and Stability Studies of NES-100 Nasal Spray,&quot; focuses on NES-100, a novel nasal spray analgesic.&nbsp;&nbsp; 
&nbsp;
The new contract is an individual&nbsp;$1.87 million&nbsp;task order that falls under an existing NIH parent contract (N01TR-17-2003) that was previously awarded to IriSys, the San Diego-based CDMO that was recently acquired by Recro. Under terms of the new contract, the company will support Chemistry, Manufacturing and Controls (CMC) development of NES-100, a microparticle dosage form of leu-enkephalin (LENK) that is prepared by the encapsulation of LENK in a patent-protected molecular enveloped technology (MET) and delivered via a nasal spray device. The polymer particles encapsulating LENK are able to transport LENK to the brain via the intranasal route with little to no peripheral exposure.
&quot;This is a great win for the company and highlights the impressive capabilities and expertise possessed by our San Diego team in the development and manufacture of sophisticated therapeutic formulations. At the same time, this also showcases the significant traction that we are generating as we rapidly integrate our new West Coast operations and continue to grow the overall business,&quot; said David Enloe, chief executive officer of Recro. &quot;We are pleased to have been selected by NIH for this important project and are grateful for the strong working relationship that has been established between the company and the agency in recent years. Our broad-ranging parent contract with NIH remains in effect for several more years and we look forward to applying for and winning additional key projects during that time.&quot;
This project is funded in whole or in part with Federal funds from the National Center for Advancing Translational Sciences, National Institutes of Health, Department of Health and Human Services, under Contract No. HHSN2712017000201. The content of this press release is solely the responsibility of Recro and does not necessarily represent the official views of the National Institutes of Health.

Contracts

REPH

Recro Awarded $1.87M Development And Manufacturing Contract By National Institutes Of Health To Support Novel Nasal Spray Analgesic

LMDX

LumiraDx Receives Approval For Its COVID-19 Antigen Test For Use In India

<ul>
<li>Plinabulin&#39;s anti-cancer effects were tested against approximately 80 patient-derived tumor models with small cell lung cancer (SCLC) tumor types being the most sensitive to plinabulin monotherapy at&nbsp;IC70&nbsp;of 35 nM</li>
<li>The preclinical data is consistent with clinical data in SCLC: plinabulin, in combination with nivolumab and ipilimumab, shows a&nbsp;46%&nbsp;objective response rate (ORR) in 13 evaluable patients with PD-1/PD-L1 na&iuml;ve or resistant tumors in 2nd&nbsp;line and beyond in SCLC</li>
</ul>

BYSI

BeyondSpring Announces New Patient-Derived Cancer Model Data For Plinabulin Monotherpy At The AACR-NCI-EORTC Virtual International Conference

Guidance

BIIB

Biogen Sees FY21 Sales $10.8B-$10.9B vs $10.76B Est.

Management

HEXO

HEXO Appoints Scott Cooper As President & CEO

Biogen Sees FY21 Adj. EPS $18.85-$19.35 vs $18.61 Est.

Electric Last Mile Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELMS#NASDAQ">ELMS</a>, ELMSW)))) (&quot;ELMS&quot; or &quot;the Company&quot;), a pure-play commercial electric vehicle (&quot;EV&quot;) company focused on redefining productivity for the last mile, today announced the expansion of its global footprint to Canada. As part of the expansion, ELMS hires David MacPhail as President of Canada.
Canada has been progressive in its recent sustainability actions, supporting the Paris Climate Accord and making aggressive decisions that support the push towards an electric vehicle ecosystem. A combination of federal and provincial incentives can reach up to C$8,000 for Canadian customers who buy or lease an electric vehicle. Canada announced a mandatory target requiring&nbsp;100%&nbsp;of car and light truck sales to be zero-emission vehicles by 2035.
Furthermore, Canada is experiencing an e-commerce boom similar to the U.S., with&nbsp;72.5%&nbsp;of the country&#39;s population purchasing through e-commerce platforms this year. It is estimated that retail e-commerce sales will total US$40.3 billion by 2025. The Canadian market for commercial vehicles is an estimated&nbsp;15%&nbsp;of the U.S. market, and sales have nearly doubled over the past decade to support the country&#39;s growing e-commerce trend.
&quot;With Canada&#39;s commitment to sustainability and EVs and the need for more delivery vehicles in a growing e-commerce market, we see a good market opportunity and application for our all-electric commercial vehicles,&quot; said Ron Feldeisen, Chief Revenue Officer, ELMS. &quot;We&#39;re excited to bring on David, with his wealth of sales experience and knowledge in the high-tech hardware and software solutions sector to help us grow our operations in Canada, where we have already received distribution and sales interest.&quot;
Mr. MacPhail brings two decades of international B2B experience, with a particular focus in high-tech solutions encompassing hardware, software and capital equipment. He brings in-depth sales knowledge from a variety of high-growth subsectors aligned with ELMS&#39; strategy, including e-commerce, electric vehicle manufacturing, logistics, telecommunications and utilities. Prior to joining ELMS, he held various sales and engineering positions at JR Automation, ATS Automation Tooling Systems, Stabil and CAE Inc.
The Canada expansion is the latest in a series of moves by ELMS to broaden its global capabilities in sales, engineering, supply chain and advanced technology solutions.

ELMS

Electric Last Mile Solutions Enters Canadian Market, Expanding Its Global Footprint

Special Meeting Scheduled for June 30, 2021

NEW YORK &amp; ALAMEDA, Calif.--(BUSINESS WIRE)-- Holicity Inc., a Delaware corporation (the &ldquo;Company&rdquo;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLUU#NASDAQ">HOLUU</a>, HOL, HOLUW))), announced today that its registration statement on Form S-4 (File No. 333-255703) (as amended, the &ldquo;Registration Statement&rdquo;), relating to the previously announced business combination (the &ldquo;Business Combination&rdquo;) with Astra Space, Inc. (&ldquo;Astra&rdquo;), has been declared effective by the U.S. Securities and Exchange Commission (&ldquo;SEC&rdquo;) and that it has commenced mailing the definitive proxy statement/prospectus relating to the Special Meeting (the &ldquo;Special Meeting&rdquo;) of the Company&rsquo;s stockholders to be held on June 30, 2021 in connection with the Business Combination. The proxy statement/prospectus is being mailed to the Company&rsquo;s stockholders of record as of the close of business on May 24, 2021 (the &ldquo;Record Date&rdquo;).

&ldquo;We are pleased to announce this significant milestone for our transaction,&rdquo; said Craig McCaw, Chairman and CEO of Holicity. &ldquo;Astra continues to make progress creating a space platform that fulfills the need of simple and accessible launches to help fuel the trillion dollar-plus space economy and launch a new generation of services to enhance our lives.&rdquo;

Since the merger was announced, Astra has accelerated the following areas of its business:

<ul>
	<li>Customer Acquisition: NASA awarded Astra the TROPICS Contract, a three-launch mission to observe and analyze the impact of tropical storms. Astra also announced a multi-launch contract with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2Fastra.com%2Fpress-releases%2Fastra-announces-multi-launch-contract-with-planet%2F__%3B%21%21KSjYCgUGsB4%21IJ-mLNgTqABMYdt-OXc6NuKEYzxn6bZN_zouJXoOAzUaEhh9A0dhdoAyAhCR6BEJ560k%24&amp;esheet=52441649&amp;newsitemid=20210607005774&amp;lan=en-US&amp;anchor=Planet&amp;index=1&amp;md5=3c784872af9ea7ed17c771f8d2bce1a7">Planet</a>, one of the leading small satellite companies focused on Earth Observation.</li>
	<li>Factory Expansion: Astra is <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2Fwww.cnbc.com%2F2021%2F05%2F02%2Finside-astras-rocket-factory-as-the-company-prepares-to-go-public.html__%3B%21%21KSjYCgUGsB4%21IJ-mLNgTqABMYdt-OXc6NuKEYzxn6bZN_zouJXoOAzUaEhh9A0dhdoAyAhCR6EKN2rkR%24&amp;esheet=52441649&amp;newsitemid=20210607005774&amp;lan=en-US&amp;anchor=expanding+its+factory&amp;index=2&amp;md5=27744e979c373fe9cb14bd13cca73bd0">expanding its factory</a> in Alameda, which was recently chronicled by CNBC.</li>
	<li>Technology Advancement: Astra announced the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2Fastra.com%2Fpress-releases%2Fastra-acquires-apollo-fusion-to-reach-new-orbits%2F%3Fswcfpc%3D1__%3B%21%21KSjYCgUGsB4%21IJ-mLNgTqABMYdt-OXc6NuKEYzxn6bZN_zouJXoOAzUaEhh9A0dhdoAyAhCR6NeOzziG%24&amp;esheet=52441649&amp;newsitemid=20210607005774&amp;lan=en-US&amp;anchor=acquisition+of+Apollo+Fusion&amp;index=3&amp;md5=5c9cdf8734b377e9e85ee0a6ed99d41f">acquisition of Apollo Fusion</a>, which will allow it to expand their TAM, reach mid-Earth, geosynchronous, and lunar orbits, and accelerate its ability to offer Space Services. The deal is accretive to revenue in the first year.</li>
	<li>Leadership Team Additions: Astra has added executive level leaders from companies such as Apple, Tesla, Blue Origin, IBM, and SpaceX.</li>
</ul>

&ldquo;We are excited to present the business combination to Holicity stockholders on schedule this quarter,&rdquo; said Chris Kemp, Founder, Chairman and CEO of Astra. &ldquo;We look forward to becoming the first publicly-traded space launch company on Nasdaq.&rdquo;

Holicity Reports Effectiveness Of Registration Statement For Proposed Business Combo With Astra Space

HOLUU

SPAC Holcity surges premarket on plan to take rocket maker Astra public

SPAC Holicity surges premarket on plan to take rocket maker Astra public

Holicity: A Cheap Opportunity To Get Into Space

HOLUW

Special Meeting Scheduled for June 30, 2021

Holicity Inc., a Delaware corporation (the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLUU#NASDAQ">HOLUU</a>, HOL, HOLUW))), announced today that its registration statement on Form S-4 (File No. 333-255703) (as amended, the "Registration Statement"), relating to the previously announced business combination (the "Business Combination") with Astra Space, Inc. ("Astra"), has been declared effective by the U.S. Securities and Exchange Commission ("SEC") and that it has commenced mailing the definitive proxy statement/prospectus relating to the Special Meeting (the "Special Meeting") of the Company's stockholders to be held on June 30, 2021 in connection with the Business Combination. The proxy statement/prospectus is being mailed to the Company's stockholders of record as of the close of business on May 24, 2021 (the "Record Date").

"We are pleased to announce this significant milestone for our transaction," said Craig McCaw, Chairman and CEO of Holicity. "Astra continues to make progress creating a space platform that fulfills the need of simple and accessible launches to help fuel the trillion dollar-plus space economy and launch a new generation of services to enhance our lives."

Since the merger was announced, Astra has accelerated the following areas of its business:
<ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
Customer Acquisition: NASA awarded Astra the TROPICS Contract, a three-launch mission to observe and analyze the impact of tropical storms. Astra also announced a multi-launch contract with <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2Fastra.com%2Fpress-releases%2Fastra-announces-multi-launch-contract-with-planet%2F__%3B%21%21KSjYCgUGsB4%21IJ-mLNgTqABMYdt-OXc6NuKEYzxn6bZN_zouJXoOAzUaEhh9A0dhdoAyAhCR6BEJ560k%24&amp;esheet=52441649&amp;newsitemid=20210607005774&amp;lan=en-US&amp;anchor=Planet&amp;index=1&amp;md5=3c784872af9ea7ed17c771f8d2bce1a7" shape="rect">Planet</a>, one of the leading small satellite companies focused on Earth Observation.
</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Factory Expansion: Astra is <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2Fwww.cnbc.com%2F2021%2F05%2F02%2Finside-astras-rocket-factory-as-the-company-prepares-to-go-public.html__%3B%21%21KSjYCgUGsB4%21IJ-mLNgTqABMYdt-OXc6NuKEYzxn6bZN_zouJXoOAzUaEhh9A0dhdoAyAhCR6EKN2rkR%24&amp;esheet=52441649&amp;newsitemid=20210607005774&amp;lan=en-US&amp;anchor=expanding+its+factory&amp;index=2&amp;md5=27744e979c373fe9cb14bd13cca73bd0" shape="rect">expanding its factory</a> in Alameda, which was recently chronicled by CNBC.
</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Technology Advancement: Astra announced the <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2Fastra.com%2Fpress-releases%2Fastra-acquires-apollo-fusion-to-reach-new-orbits%2F%3Fswcfpc%3D1__%3B%21%21KSjYCgUGsB4%21IJ-mLNgTqABMYdt-OXc6NuKEYzxn6bZN_zouJXoOAzUaEhh9A0dhdoAyAhCR6NeOzziG%24&amp;esheet=52441649&amp;newsitemid=20210607005774&amp;lan=en-US&amp;anchor=acquisition+of+Apollo+Fusion&amp;index=3&amp;md5=5c9cdf8734b377e9e85ee0a6ed99d41f" shape="rect">acquisition of Apollo Fusion</a>, which will allow it to expand their TAM, reach mid-Earth, geosynchronous, and lunar orbits, and accelerate its ability to offer Space Services. The deal is accretive to revenue in the first year.
</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Leadership Team Additions: Astra has added executive level leaders from companies such as Apple, Tesla, Blue Origin, IBM, and SpaceX.
</li>
</ul>
"We are excited to present the business combination to Holicity stockholders on schedule this quarter," said Chris Kemp, Founder, Chairman and CEO of Astra. "We look forward to becoming the first publicly-traded space launch company on Nasdaq."

About Astra

Astra's mission is to improve life on Earth from space by creating a healthier and more connected planet. Astra is the fastest privately-funded company in history to reach space. With over 50 launches under contract, Astra will begin delivering customer payloads into low Earth orbit in Summer 2021, moving to monthly, biweekly, weekly, and daily launches by 2025. Visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fastra.com&amp;esheet=52441649&amp;newsitemid=20210607005774&amp;lan=en-US&amp;anchor=www.astra.com&amp;index=4&amp;md5=62fce9b2e508ed0b4ee5338b23d2f44c" shape="rect">www.astra.com</a> for more information.

About Holicity

Holicity Inc. is a special purpose acquisition company ("SPAC") sponsored by Pendrell X-icity Holdings Corporation, which is a subsidiary of Pendrell Corporation, a permanent capital vehicle whose controlling shareholder is Mr. Craig O. McCaw.

Important Information About the Business Combination and Where to Find It

In connection with the proposed Business Combination, the Company publicly filed with the SEC a registration statement on Form S-4 (the "Registration Statement") (Registration No. 333-255703), which includes a proxy statement/prospectus, and certain other related documents, which will be both the proxy statement to be distributed to holders of shares of the Company's common stock in connection with the Company's solicitation of proxies for the vote by the Company's stockholders with respect to the Business Combination and other matters as described in the Registration Statement, as well as the prospectus relating to the offer and sale of the securities of the Company to be issued in the Business Combination. The Company's stockholders and other interested persons are advised to read the proxy statement/prospectus included in the Registration Statement and the amendments thereto and the definitive proxy statement/prospectus, as these materials will contain important information about the parties to the Business Combination Agreement, the Company and the Business Combination. The definitive proxy statement/prospectus is being mailed to stockholders of the Company as of the Record Date to be established for voting on the Business Combination and other matters as may be described in the Registration Statement. Stockholders are able to obtain copies of the proxy statement/prospectus and other documents filed with the SEC that will be incorporated by reference in the proxy statement/prospectus, without charge, at the SEC's web site at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52441649&amp;newsitemid=20210607005774&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=5&amp;md5=bad10068153a235758846087472f6a4d" shape="rect">www.sec.gov</a>, or by directing a request to: Holicity Inc., 2300 Carillon Point, Kirkland, WA 98033, Attention: Craig McCaw, Chief Executive Officer, (425) 278-7100.

Participants in the Solicitation

The Company and its directors and executive officers may be deemed participants in the solicitation of proxies from the Company's stockholders with respect to the Business Combination. A list of the names of those directors and executive officers and a description of their interests in the Company is contained in the Company's registration statement on Form S-1, which was initially filed with the SEC on July 17, 2020, and is available free of charge at the SEC's web site at sec.gov, or by directing a request to Holicity Inc., 2300 Carillon Point, Kirkland, WA 98033, Attention: Secretary, (425) 278-7100. Additional information regarding the interests of such participants is contained in the Registration Statement.

Astra and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with the Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the Business Combination is contained in the Registration Statement.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company's and Astra's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company's and Astra's expectations with respect to future performance and anticipated financial impacts of the Business Combination, the satisfaction of the closing conditions to the Business Combination and the timing of the completion of the Business Combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's and Astra's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the outcome of any legal proceedings that may be instituted against the Company and Astra following the announcement of the Business Combination Agreement and the transactions contemplated therein; (2) the inability to complete the Business Combination, including due to failure to obtain approval of the stockholders of the Company, approvals or other determinations from certain regulatory authorities, or other conditions to closing in the Business Combination Agreement; (3) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement or could otherwise cause the transactions contemplated therein to fail to close; (4) the inability to obtain or maintain the listing of New Astra's Class A common stock on Nasdaq following the Business Combination; (5) the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Business Combination; (6) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition and the ability of the combined company to grow and manage growth profitably and retain its key employees; (7) costs related to the Business Combination; (8) changes in applicable laws or regulations; (9) the possibility that Astra or the combined company may be adversely affected by other economic, business, and/or competitive factors; (10) New Astra's ability to raise financing in the future and to comply with restrictive covenants related to long-term indebtedness; (11) the impact of COVID-19 on Astra's business and/or the ability of the parties to complete the Business Combination; and (12) other risks and uncertainties indicated from time to time in the proxy statement/prospectus relating to the Business Combination, including those under "Risk Factors" in the Registration Statement, and in the Company's other filings with the SEC. The Company cautions that the foregoing list of factors is not exclusive. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

No Offer or Solicitation

This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
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