Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On April 19, 2022, Springwater Special Situations Corp. (the "Company") received
a written notice (the "Notice") from the Listing Qualifications Department of
the Nasdaq Stock Market ("NASDAQ") indicating that the Company was not in
compliance with Listing Rule 5250(c)(1) because the Company had failed to file
its Annual Report on Form 10-K for the year ended December 31, 2021 (the
"Delinquent Report").
The Notice stated that no later than June 18, 2022, the Company was required to
submit a plan to regain compliance with respect to the filing of the Delinquent
Report. If NASDAQ accepted the Company's plan, it would have had the discretion
to grant the Company an extension of up to 180 calendar days from the due date
of the Delinquent Report (or until October 12, 2022) to regain compliance.
On April 21, 2022, the Company filed the Delinquent Report with the Securities
and Exchange Commission and on April 22, 2022 it received a notice from NASDAQ
indicating it had regained compliance with the listing rules as a result
thereof.
The Company issued a press release announcing the foregoing, which press release
is attached to this Current Report on Form 8-K as exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Description
3.1 Press release
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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