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Atlantic Coastal Acquisition Corp. Receives Expected Nasdaq Delisting Determination

Atlantic Coastal Acquisition Corp. Receives Expected Nasdaq Delisting Determination

大西洋海岸收購公司收到預期的納斯達克退市決定
Accesswire ·  02/15 06:40

NEW YORK, NY / ACCESSWIRE / February 14, 2024 / Atlantic Coastal Acquisition Corp. (NASDAQ:ACAH) (the "Company"), a special purpose acquisition company, announced today that on February 14, 2024, the Company received a Staff Delisting Determination (the "Staff Determination") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that for the reasons discussed below trading of the Company's common stock will be suspended from The Nasdaq Capital Market at the opening of business on February 23, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the "SEC"), which will remove the Company's securities from listing and registration on The Nasdaq Stock Market.

紐約州紐約/ACCESSWIRE/2024年2月14日/特殊目的收購公司大西洋海岸收購公司(納斯達克股票代碼:ACAH)(“公司”)今天宣佈,2024年2月14日,公司收到了納斯達克股票市場有限責任公司(“納斯達克”)上市資格部門發佈的員工退市決定(“工作人員裁決”),通知公司,出於下述原因,公司普通股的交易將在2024年2月23日開業時被納斯達克資本市場暫停,並提交25號表格-NSE將向美國證券交易委員會(“SEC”)提交,該委員會將取消該公司的證券在納斯達克股票市場的上市和註冊。

On August 17, 2023, and November 20, 2023, Staff notified the Company that it did not comply with Nasdaq's filing requirements set forth in Listing Rule 5250(c)(1) (the "Rule") because it had not filed its Form 10-Q for the period ended June 30, 2023, and its Form 10-Q for the period ended September 30, 2023 (the "Delinquent Reports"). Based on its review and the materials submitted by the Company on October 31, 2023, the Staff granted the Company an exception until February 13, 2024, to regain compliance with the Rule. However, the Staff has determined that the Company did not meet the terms of the exception by not filing the Delinquent Report by the February 13, 2024 deadline.

2023年8月17日和2023年11月20日,工作人員通知公司,該公司沒有遵守納斯達克在《上市規則》第5250(c)(1)(“規則”)中規定的申報要求,因爲它沒有提交截至2023年6月30日的10-Q表以及截至2023年9月30日的10-Q表格(“拖欠報告”)。根據其審查和公司於2023年10月31日提交的材料,工作人員批准了公司在2024年2月13日之前的例外情況,以恢復對該規則的遵守。但是,工作人員已確定公司沒有在2024年2月13日截止日期之前提交拖欠報告,因此不符合例外條款。

The Staff has also determined that since the Company has not yet held an annual meeting of shareholders within twelve months of the end of the Company's fiscal year end, it no longer complies with Nasdaq's Listing Rules (the "Rules") for continued listing. This matter serves as an additional and separate basis for delisting.

工作人員還確定,由於公司在公司財政年度結束後的十二個月內尚未舉行年度股東大會,因此不再遵守納斯達克上市規則(“規則”)繼續上市。此事是除名的另一個單獨依據。

Although the Company may request a hearing regarding the Staff Determination before a Nasdaq Hearings Panel and seek a further stay of the delisting action pending the hearing process and an additional extension period in accordance with the procedures set forth in the Staff Determination, it does not intend to do so.

儘管公司可以要求納斯達克聽證會小組就員工裁決舉行聽證會,並根據員工裁決中規定的程序,尋求在聽證程序之前進一步暫停退市行動,並延長延長期限,但它無意這樣做。

About Atlantic Coastal Acquisition Corp.

關於大西洋海岸收購公司

Atlantic Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Atlantic Acquisition Corp. 是一家空白支票公司,成立的目的是與一家或多家企業進行合併、股權交換、資產收購、股票購買、重組或類似的業務合併。

Contact information:
For more information, Anthony Porcheron: +353 8706 50447 or tporcheron@porchecapital.com

聯繫信息:
欲了解更多信息,請安東尼·波切隆:+353 8706 50447 或 tporcheron@porchecapital.com

Cautionary Note Regarding Forward-Looking Statements

關於前瞻性陳述的警示說明

This press release may include, and oral statements made from time to time by representatives of the Company may include, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the Securities and Exchange Commission ("SEC"). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's initial public offering and other reports filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

本新聞稿可能包括經修訂的1933年《證券法》第27A條和經修訂的1934年《證券交易法》第21E條所指的 “前瞻性陳述”,公司代表不時發表的口頭陳述可能包括這些陳述。關於可能的業務合併及其融資的陳述以及相關事項,以及除本新聞稿中包含的歷史事實陳述以外的所有其他陳述均爲前瞻性陳述。在本新聞稿中使用諸如 “預期”、“相信”、“繼續”、“可以”、“估計”、“期望”、“打算”、“可能”、“可能”、“計劃”、“可能”、“潛力”、“預測”、“項目”、“應該”、“將” 等詞語以及與我們或我們的管理團隊相關的類似表達方式來識別前瞻性陳述。此類前瞻性陳述基於管理層的信念,以及公司管理層做出的假設和目前獲得的信息。由於公司向美國證券交易委員會(“SEC”)提交的文件中詳述的某些因素,實際業績可能與前瞻性陳述所設想的結果存在重大差異。此後所有歸因於我們或代表我們行事的人的書面或口頭前瞻性陳述均受本段的全部限制。前瞻性陳述受許多條件的約束,其中許多條件是公司無法控制的,包括公司註冊聲明和公司首次公開募股招股說明書以及向美國證券交易委員會提交的其他報告的風險因素部分中規定的條件。除非法律要求,否則在本新聞稿發佈之日之後,公司沒有義務更新這些聲明以進行修訂或變更。

SOURCE: Atlantic Coastal Acquisition Corp.

資料來源:大西洋海岸收購公司


譯文內容由第三人軟體翻譯。


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