Holicity Stockholders Litigation

(Newbold v. McCaw, et al.,N C.A. No. 2022-0439-LWW)

This official website is maintained by the Settlement Administrator under the supervision of Lead Counsel in the action captioned Newbold v. McCaw, et al. , No. 2022-0439-LWW (the “Action”), which is pending in the Court of Chancery of the State of Delaware (the “Court”).


The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency and Proposed Settlement of Stockholder Class Action, Settlement Hearing, and Right to Appear (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.

The parties to the Action have reached a settlement of the Action for $16,500,000 in cash (the “Settlement”). On July 30, 2024, the Court held a hearing to consider approval of the Settlement and related matters. Following the hearing, the Court entered a Final Order and Judgment approving the Settlement, approving the Plan of Allocation for the proceeds of the Settlement, and awarding attorney's fees and litigation expenses to Plaintiff’s Counsel.

If you are a member of the Settlement Class, you are subject to the Settlement. The non-opt-out Settlement Class certified by the Court consists of:

All holders of Holicity Inc. (“Holicity”) Class A common stock (excluding, for the avoidance of doubt, shares of Holicity Class B common stock that converted into Holicity Class A common stock solely in connection with the Merger), whether beneficial or of record, together with the heirs, successors in interest, transferees, and assignees of all such foregoing holders, as of the effective time of the acquisition of legacy Astra Space, Inc. (“Legacy Astra”) by Holicity on June 30, 2021 (the “Effective Time”), but excluding (i) Defendants Craig McCaw, Cathleen A. Massey, Wayne Perry, R. Gerard Salemme, Dennis Weibling, and Randy Russell (collectively, the “Individual Defendants”); Pendrell Corporation (“Pendrell”); and X-icity Holdings Corporation f/k/a Pendrell Holicity Holdings Corporation (“X icity,” and together with the Individual Defendants and Pendrell, “Defendants”); (ii) any person who was an officer or director of Holicity, Astra Space, Inc., Legacy Astra, Pendrell, or X-icity as of the Effective Time; (iii) the immediate family members of any of the foregoing; (iv) any trusts, estates, entities, or accounts that held Holicity Class A common stock for the benefit of any of the foregoing; and (v) the legal representatives, heirs, successors-in-interest, successors, transferees, and assigns of the foregoing.

The Settlement Administrator has finalized the administration of the Settlement. Plaintiff’s Counsel filed a motion with the Court for a Class Distribution Order on February 10, 2025. The Court approved this motion on February 12, 2025. The distribution will occur within 30 - 45 days.

Please continue to check this website for further updates.

Please read the Notice carefully. If you have questions, you may call the Holicity Stockholders Litigation Help Line at (877) 411-4620 or email info@HolicityStockholdersLitigation