Astrea Acquisition in a regulatory filing disclosed that CEO Felipe Gonzalez, CFO Jose Luis Cordova, and a member of Astrea Acquisition Sponsor, each loaned to the company $20,000 for working capital.
The SPAC had borrowed $350,000 from its sponsor in March 2021. Astrea raised $150 million in an IPO the previous month.
Astrea in February of this year called off proposed mergers with HotelPlanner and Reservations.com. The deals were expected to provide more than $120 million in cash proceeds. Read more.
