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ASAX - ASAX STOCK NEWS

Welcome to our dedicated page for ASAX news (Ticker: ASAX), a resource for investors and traders seeking the latest updates and insights on ASAX stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ASAX's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ASAX's position in the market.

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Astrea Acquisition Corp. (NASDAQ: ASAX) announced it received a notification from NASDAQ regarding non-compliance with Listing Rule 5250(c)(1) due to a delayed Quarterly Report on Form 10-Q for the quarter ended June 30, 2022. The company has until October 24, 2022, to submit a plan for regaining compliance. NASDAQ may grant a 180-day extension until February 20, 2023. Astrea is actively working on the report and filed a plan if unable to meet the deadline. No immediate effect on its securities listing; however, future compliance is uncertain.

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Astrea Acquisition Corp. (NASDAQ: ASAX) announced it received a notice from NASDAQ regarding non-compliance with Listing Rule 5250(c)(1) due to the absence of its Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The company has until June 21, 2022, to regain compliance and may receive an extension of up to 180 days if its plan is approved. The company is actively working to complete the Form 10-K but has no guarantee of compliance or meeting NASDAQ's listing criteria.

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Astrea Acquisition Corp. (NASDAQ: ASAXU), HotelPlanner, and Reservations.com have mutually agreed to terminate their previously announced business combination agreement, effective immediately. The decision was made in the belief that this outcome is the best path forward for all involved. HotelPlanner and Reservations.com are established players in travel technology and online travel services, respectively, known for their innovative platforms and customer-centric approaches.

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Astrea Acquisition Corp. (NASDAQ: ASAXU) has scheduled a special stockholders' meeting for February 15, 2022 to vote on the proposed merger with HotelPlanner and Reservations.com. Stockholders of record as of January 21, 2022 are eligible to vote. If approved, the transaction will lead to HotelPlanner Inc. being listed under new ticker symbols “HOTP” and “HOTPW.” The meeting will be held virtually due to health concerns, and stockholders are encouraged to review proxy materials filed with the SEC.

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HotelPlanner, a leading AI-powered travel technology platform, announced that CEO Tim Hentschel will present at the virtual ICR Conference on January 11, 2022, at 8:30 a.m. ET. The presentation will be accessible via the company's Investor Relations website. HotelPlanner is preparing for a merger with Astrea Acquisition Corp (NASDAQ: ASAX) and Reservations.com, aiming for a NASDAQ listing under the ticker HOTP. This merger is expected to enhance HotelPlanner's diversified hotel and event booking capabilities, with anticipated growth opportunities.

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Astrea Acquisition Corp. (NASDAQ: ASAX, ASAXU, ASAXW) has filed a preliminary proxy statement with the SEC regarding its proposed business combination with HotelPlanner and Reservations.com. The merger is aimed at creating a leading travel technology platform, expected to close in Q4 2021, pending stockholder approval and regulatory conditions. The combined entity will be named HotelPlanner Inc., trading under the new ticker symbols HOTP and HOTPW. Investors are encouraged to view the proxy materials for detailed information.

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FAQ

What is the market cap of ASAX (ASAX)?

The market cap of ASAX (ASAX) is approximately 222.1M.

ASAX

Nasdaq:ASAX

ASAX Rankings

ASAX Stock Data

222.14M
17.25M