Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On August 30, 2022, Astrea Acquisition Corp. (the "Company") received a written
notice (the "Notice") from the Listing Qualifications Department of the Nasdaq
Stock Market ("NASDAQ") indicating that the Company was not in compliance with
Listing Rule 5250(c)(1) because the Company had failed to file its Quarterly
Report on Form 10-Q for the quarter ended June 30, 2022 (the "Delinquent
Report").
The Notice stated that no later than October 24, 2022, the Company is required
to submit a plan to regain compliance with respect to the filing of the
Delinquent Report. If NASDAQ accepts the Company's plan, it has the discretion
to grant the Company an extension of up to 180 calendar days from the due date
of the Delinquent Report (or until February 20, 2023) to regain compliance.
The Company is continuing to work diligently to complete the Delinquent Report.
If the Company is unable to file the Delinquent Report by October 24, 2022, it
intends to file a plan to regain compliance with NASDAQ. This notification has
no immediate effect on the listing of the Company's shares on NASDAQ. There can
be no assurance, however, that the Company will be able to regain compliance
with the listing requirements discussed above or otherwise satisfy the other
NASDAQ listing criteria.
The Company issued a press release announcing the foregoing, which press release
is attached to this Current Report on Form 8-K as exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Description
99.1 Press release
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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