Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related
Audit Report or Completed Interim Review.
In connection with the preparation of the financial statements as of
December 31, 2021 for Astrea Acquisition Corp. (the "Company"), management
identified an error made in the Company's historical financial statements where
the Company failed to account for the over-allotment option granted to the
underwriters in connection with the Company's initial public offering as a
liability as well as the recording of the proceeds related to the Initial Public
Offering.
Based on the foregoing, on April 15, 2022, management of the Company and the
Audit Committee of the Board of Directors of the Company determined that the
Company's previous quarterly reports on Form 10-Q for the quarters ended
March 31, 2021, June 30, 2021 and September 30, 2021 (collectively, the
"Affected Periods") should no longer be relied upon.
The Company's management and the Audit Committee have discussed the matters
disclosed in this Current Report on Form 8-K pursuant to this Item 4.02 with
Marcum LLP, its independent registered public accounting firm.
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