![]() ![]() ![]() The Nasdaq notice has no immediate effect on the listing or trading of the Company’s units, Class A common stock or warrants on the Nasdaq Capital Market, and while the notice provides that the Company must submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) by July 26, 2021, the Company filed the Form 10-Q on Jaccordingly, the Company believes that it is now in compliance with all applicable Nasdaq listing rules.Īs the Company reported in its Form 12b-25 filed with the SEC on May 18, 2021, the delay in the filing of the Company’s Form 10-Q was due to the process required for evaluating the impact on the Company’s financial statements of the Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies issued by the staff of the SEC on Ap(the “Statement”). (NASDAQ: LWAC) (the “Company”), a blank-check company formed for the purpose of acquiring or merging with one or more businesses, today announced that on it received a notice from Nasdaq Regulation indicating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarter ended Ma(the “Form 10-Q”), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission (the “SEC”). BOSTON, J(GLOBE NEWSWIRE) - Locust Walk Acquisition Corp. ![]()
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