Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On June 7, 2021, Glass Houses Acquisition Corp. (the "Company") received a
deficiency letter from the Nasdaq Capital Market ("NASDAQ") indicating that it
is not in compliance with Section 5250(c) of the NASDAQ Rules and Regulations as
a result of its failure to timely file the Form 10-Q for the fiscal quarter
ended March 31, 2021 (the "Form 10-Q").
On April 12, 2021, the staff of the Securities and Exchange Commission (the
"SEC") issued a public statement entitled "Staff Statement on Accounting and
Reporting Considerations for Warrants Issued by Special Purpose Acquisition
Companies ("SPACs")" (the "Statement'), which clarified guidance for all
SPAC-related companies regarding the accounting and reporting for their
warrants. The immediacy of the effective date of the new guidance set forth in
the Statement has resulted in a significant number of SPACs re-evaluating the
accounting treatment for their warrants with their professional advisors,
including auditors and other advisors responsible for assisting SPACs in the
preparation of financial statements. This, in turn, resulted in the Company's
delay in preparing and finalizing its financial statements as of and for the
quarter ended March 31, 2021 and filing its Form 10-Q with the SEC by the
prescribed deadline. Since receiving the deficiency letter, the Company has
filed its Form 10-Q with the SEC on June 11, 2021.
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GLASS HOUSES ACQUISITION CORP. 
