Sec Form 4/A Filing - Nayyar Ashok @ Atlantic Avenue Acquisition Corp - 2020-11-16

FORM 4/A Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Nayyar Ashok 2. Issuer Name and Ticker or Trading Symbol Atlantic Avenue Acquisition Corp [ ASAQ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Executive Officer (Last) (First) (Middle) C/O ATLANTIC AVENUE ACQUISITION CORP, 2200 ATLANTIC STREET, SUITE 501 3. Date of Earliest Transaction (MM/DD/YY) 11/16/2020 (Street) STAMFORD, CT06902 4. If Amendment, Date Original Filed (MM/DD/YY) 11/17/2020 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Class B Common Stock, par value $0.0001 per share ( 2 ) 11/16/2020 J( 3 ) 750,000 ( 2 ) ( 2 ) Class A common stock, par value $0.0001 750,000 ( 3 ) $ 0 4,565,000 I See footnotes ( 1 ) ( 2 ) ( 4 ) ( 5 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Nayyar Ashok C/O ATLANTIC AVENUE ACQUISITION CORP 2200 ATLANTIC STREET, SUITE 501 STAMFORD, CT06902 X X Chief Executive Officer Atlantic Avenue Partners LLC C/O ATLANTIC AVENUE ACQUISITION CORP 2200 ATLANTIC STREET, SUITE 501 STAMFORD, CT06902 X Atlantic Avenue Partners GP LLC C/O ATLANTIC AVENUE ACQUISITION CORP 2200 ATLANTIC STREET, SUITE 501 STAMFORD, CT06902 X Signatures /s/ Ashok Nayyar 02/02/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This form is being filed by the following reporting persons: Ashok Nayyar, Atlantic Avenue Partners LLC (the "Sponsor") and Atlantic Avenue Partners GP LLC (the "GP" and, together with the Sponsor and Ashok Nayyar, the "Reporting Persons"). Because of the relationships among the Reporting Persons, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any. ( 2 )The shares of Class B Common Stock, par value $0.0001 (the "Class B Shares"), of Atlantic Avenue Acquisition Corp (the "Issuer") have no expiration date and are convertible into shares of Class A Common Stock, par value $0.0001 per share, of the Issuer, as described under the heading "Description of Securities-Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-248782). ( 3 )The Sponsor forfeited 750,000 Class B Shares to the Issuer for no consideration in connection with the underwriters' election not to exercise the over-allotment option. ( 4 )The managing member of the Sponsor is the GP, and Mr. Nayyar is the sole and managing member of the GP. ( 5 )Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

Remarks: This amended Form 4 is filed to correct an error in the balance of Class B Shares reported by the Reporting Persons in the Form 4 filed on November 17, 2020 and correct the transaction code to code "J". The balance of Class B Shares previously reported was incorrect due to an error in the number of Class B Shares originally reported in the Form 3 filed by the Reporting Persons on October 1, 2020. The Reporting Persons have filed a second amended Form 3 on this date to reflect the corrected number of Class B Shares held as of October 1, 2020 (5,315,000).Exhibit 99.1 Joint Filer Information and Signatures.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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