 KEY BISCAYNE, May 28, 2021 GLOBE NEWSWIRE -- Astrea Acquisition Corp. NASDAQ: ASAX Astrea or the Company, a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, announced that on May 25, 2021, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market NASDAQ advising the Company that the Company does not comply with NASDAQs Listing Rule 5250c1 for continued listing because NASDAQ has not received the Companys Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2021 the Form 10-Q. NASDAQ has informed the Company that it has until July 26, 2021 to submit a plan to regain compliance with respect to this delinquent report. If NASDAQ approves the Companys plan, it has the discretion to grant the Company an extension of up to 180 calendar days from the due date of the Form 10-Q or until November 22, 2021 to regain compliance. 