Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On May 28, 2021, Golden Arrow Merger Corp. (the "Company") received a deficiency
letter (the "Notice") 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 ("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, has 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 Notice, the Company has filed its Form 10-Q with
the SEC on June 4, 2021 and is in compliance with all other Nasdaq continued
listing standards.
Item 8.01. Other Events.
As required by Nasdaq rules, on June 4, 2021, the Company issued a press release
announcing its receipt of the Notice. A copy of the press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release, dated June 4, 2021
1
© Edgar Online, source Glimpses
GOLDEN ARROW MERGER CORP. 
