Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard? Transfer of Listing.
On May 28, 2021, FTAC Hera Acquisition Corp. (the "Company") received a notice
from Nasdaq Regulation ("Nasdaq") indicating that the Company is not in
compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to
timely file its Quarterly Report on Form 10-Q for the quarter ended March 31,
2021 (the "Form 10-Q") with the Securities and Exchange Commission (the "SEC").
The notice provides that the Company must submit a plan to regain compliance
with Nasdaq Listing Rule 5250(c)(1) by July 26, 2021. If the plan is accepted by
Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due
date of the Form 10-Q, or November 22, 2021, to regain compliance. The Company
can regain compliance with Nasdaq listing standards at any time prior to that
date by filing the Form 10-Q.
As the Company reported in its Form 12b-25 filed with the SEC on May 18, 2021,
the Company is working diligently to complete the Form 10-Q as soon as possible;
however, given the scope of the process 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 ("SPACs") issued by the staff of the SEC on April 12, 2021, the
Company is not in a position to file the Form 10-Q until after the completion of
this process.
On May 28, 2021, the Company issued a press release regarding receipt of the
notice from Nasdaq. The press release is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release dated May 28, 2021.
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FTAC HERA ACQUISITION CORP. 
