Astrea Acquisition Corp.
ASAXW
NASDAQ Capital Market0.00
USD
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Astrea Acquisition Corp.
ASAXW
(NASDAQ Capital Market)
Recent
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0.00
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yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Astrea Acquisition Corp. (ASAXW) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing operations; it seeks to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses, focusing on sectors including food and beverage/hospitality; financial services; technology; consumer; real estate and transportation; telecom and media; and industrials. Incorporated in 2020 and headquartered at 55 Ocean Lane Drive, Apt. 3021, Key Biscayne, Florida, the company raised $172.5 million in its February 2021 initial public offering underwritten by EarlyBirdCapital and Ladenburg Thalmann. It announced a proposed three-way merger with HotelPlanner.com and Reservations.com in August 2021 valued at approximately $567 million, which was terminated; thereafter, shareholders approved an amendment on December 22, 2022, accelerating liquidation, with the company fully liquidated by December 30, 2022, redeeming substantially all public shares. Warrants (ASAXW) trade separately post-liquidation of common units, reflecting residual value in the extinct SPAC structure.