Astrea Acquisition Corp. (ASAXU) Prices $150M IPO

Astrea Acquisition Corp. announced the pricing of its $150 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “ASAXU” Thursday, February 4.

The new company aims to combine with a business in the hospitality, financial services, technology, real estate, or transportation spaces. Astrea is led by CEO Felipe Gonzalez and CFO Jose Luis Cordova.

Total SPAC deal count for 2021 year-to-date is now 102 with $29.6 billion in gross proceeds raised. This offering is expected to close on Monday, February 8.

EarlyBirdCapital Inc. is acting as the sole book-running manager for the offering. Graubard Miller is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.