Astrea Acquisition Corp. has closed its initial public offering of 15,000,000 units at $10.00 per unit generating total gross proceeds of $150,000,000. The units were listed on the Nasdaq Capital Market and began trading under the ticker symbol “ASAXU” on February 4, 2021. Each unit consists of one share of common stock and one-half of one warrant to purchase one share of common stock at a price of $11.50 per share, subject to adjustment. Once the securities comprising the units begin separate trading, the common stock and warrants are expected to be listed on Nasdaq under the symbols “ASAX” and “ASAXW,” respectively.
EarlyBirdCapital Inc. is acting as the sole book running manager for the offering. The company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.
The company is led by Felipe Gonzalez, the company’s chief executive officer, Jose Luis Cordova, the company’s chief financial officer, and board members Mohsen Moazami, Hector Sepúlveda Reyes Retana and Boris Salas von Weltzien.