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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.
Astrea Acquisition Corp. (NASDAQ: ASAXU) has scheduled a special stockholders' meeting for
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.
HotelPlanner has launched an Alexa-enabled hotel booking feature, connecting customers instantly with a live Hotel Planner agent for bookings worldwide. This is a first in the industry, leveraging the rise of voice-activated technology. Customers can activate the feature by enabling the HotelPlanner skill on their Alexa device, allowing them to book hotels with potential discounts. This innovative feature is free of charge, reinforcing HotelPlanner's commitment to staying ahead in travel technology. The company is also set to merge with Astrea Acquisition Corp (NASDAQ: ASAXU), aiming for a public listing.
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.
HotelPlanner, Reservations.com, and Astrea Acquisition Corp. (NASDAQ: ASAXU) have announced a definitive merger agreement. This business combination aims to leverage HotelPlanner's extensive inventory of over 1 million hotel rooms and proprietary booking technology to enhance growth. The transaction, valued at a pro forma enterprise value of $567.1 million, is expected to finalize in Q4 2021, resulting in HotelPlanner operating under the ticker symbol 'HOTP'. The merger will enhance their market position in the travel sector, aiming for record revenue growth and expanded international presence.
Astrea Acquisition Corp. (NASDAQ: ASAX) announced it is not in compliance with NASDAQ’s Listing Rule 5250(c)(1), having failed to submit its Quarterly Report on Form 10-Q for Q1 2021 by the deadline. NASDAQ has given the company until July 26, 2021, to propose a plan for regaining compliance, potentially extending the deadline to November 22, 2021. The delay was attributed to increased demand for third-party accounting services following SEC guidance on SPAC warrants, which has complicated the filing process.
Astrea Acquisition Corp. (NASDAQ: ASAXU) announced that starting March 15, 2021, holders of its IPO units can trade shares of common stock and warrants separately. The common stock will trade under the symbol 'ASAX,' while warrants will trade as 'ASAXW.' Units that are not separated will continue to trade under 'ASAXU.' Astrea Acquisition Corp. is a blank check company aiming for business combinations across various industries. EarlyBirdCapital, Inc. managed the initial public offering, effective February 3, 2021. This announcement does not constitute an offer to sell securities.
