Astrea Acquisition, a blank check company targeting the hospitality and financial services sectors, filed on Monday with the SEC to raise up to $150 million in an initial public offering.
The Key Biscayne, FL-based company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Astrea Acquisition would command a market value of $192 million.
The company is led by CEO and Director Felipe Gonzalez, who is currently a Portfolio Manager at London-based investment office Strongrock Capital; CFO and Director Jose Cordova, who is currently a Senior Portfolio Manager at Mexican investment firm Axis Capital Management and previously served as CFO of Opes Acquisition until its acquisition of BurgerFi International (BFI); and Chairman Mohsen Moazami, who is the founder and Managing Partner of venture firm Seif Capital.
Astrea Acquisition plans to target industries or sectors in which its management team has a relationship network and proven investment track record, initially focusing on the food, beverage, and hospitality sector and the financial services and technology sector.
Astrea Acquisition was founded in 2020 and plans to list on the Nasdaq under the symbol ASAXU. The company filed confidentially on September 18, 2020. EarlyBirdCapital is the sole bookrunner on the deal.
