Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On August 23, 2022, Kismet Acquisition Three Corp. (the "Company") received a
notice (the "Notice") from the Listing Qualifications Department of The Nasdaq
Stock Market LLC ("Nasdaq") notifying the Company that because it is delinquent
in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2022
(the "Form 10-Q"), it was not in compliance with Nasdaq Listing Rule 5250(c)(1)
(the "Listing Rule"). The Listing Rule requires listed companies to timely file
all required periodic financial reports with the Securities and Exchange
Commission.
The Notice stated that the Company has sixty calendar days from the date of the
Notice to submit a plan to regain compliance with the Listing Rule. If Nasdaq
accepts the Company's plan, it has the discretion to grant the Company an
extension of up to 180 calendar days from the due date of the Form 10-Q (or
until February 20, 2023) to regain compliance. The Notice has no immediate
effect on the listing of the Company's securities on Nasdaq.
As previously disclosed in the Company's Notification of Late Filing on Form
12b-25 filed on August 16, 2022, the Company was unable to file the Form 10-Q by
the required due date of August 15, 2022 because the Company needs additional
time to complete the financial statements to be included in the Form 10-Q. The
Company intends to file its Form 10-Q as soon as practicable to cure the
deficiency outlined in the Notice.
On September 6, 2022, the Company issued a press release disclosing its receipt
of the Notice. A copy of the press release is attached 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 September 6, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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KISMET ACQUISITION THREE CORP. 
