Atlantic Street Acquisition Corp, which has been renamed Atlantic Avenue Acquisition Corp  announced the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the New York Stock Exchange and trade under the ticker symbol "ASAQ.U" beginning October 2, 2020. Each unit consists of one share of the Company's Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of the Company's Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the NYSE under the symbols "ASAQ" and "ASAQ WS," respectively. The offering is expected to close on October 6, 2020.

The Company is a newly incorporated blank check company, sponsored by an entity affiliated with MC Credit Partners LP, whose business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or other similar business combination with one or more businesses.

Cowen and Company, LLC is serving as the lead active book-running manager and as representative of the underwriters. Robert W. Baird & Co. Incorporated is serving as passive book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any.