Astrea Acquisition Corp. filed SEC Form 8-K: Creation of a Direct Financial Obligation, Financial Statements and Exhibits
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Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
On August 29, 2022, each of (i) Felipe Gonzalez, the Chief Executive Officer of Astrea Acquisition Corp. (the “Company”), (ii) Jose Luis Cordova, the Company’s Chief Financial Officer, and (iii) a member of Astrea Acquisition Sponsor LLC, the Company’s sponsor, loaned to the Company $20,000 (or an aggregate of $60,000) for working capital purposes. The loans are evidenced by promissory notes (the “Notes”) which are non-interest bearing and payable upon the consummation by the Company of a merger, share exchange, asset acquisition, or other similar business combination with one or more businesses or entities (a “Business Combination”).
If the Company does not consummate a Business Combination, the Notes will not be repaid and all amounts owed under the Notes will be forgiven except to the extent that the Company has funds available to it outside of its trust account established in connection with the initial public offering (the “Trust Account”).
The foregoing summary of the Notes is qualified in its entirety by reference to the text of the form of Note, which is filed as an exhibit hereto and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
| Exhibit |
Description | |
| 10.1 | Form of Promissory Note dated August 29, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 12, 2022
| ASTREA ACQUISITION CORP. | ||
| By: | /s/ Felipe Gonzalez | |
| Name: | Felipe Gonzalez | |
| Title: | Chief Executive Officer | |
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