Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On
The Notice serves only as a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company's warrants on the Nasdaq Global Market. Additionally, the Notice relates only to the Company's warrants and will have no effect on the listing or trading of the Company's Class A ordinary shares.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements. These
express or implied statements are not promises or guarantees and involve
substantial risks and uncertainties. Examples of forward-looking statements
herein include, without limitation, statements regarding the Company's intent or
ability to regain compliance with Rule 5452(b)(C), an outcome of a panel
hearing, and any courses of action to regain compliance with the Nasdaq
continued listing requirements. Forward-looking statements are statements that
are not historical facts, nor assurances of future performance. Instead, they
are based on the Company's current beliefs, expectations and assumptions
regarding the future of its business, future plans, strategies, projections,
anticipated events and trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject to inherent
risks and uncertainties, and actual results may differ materially from those set
forth in the forward-looking statements. Important factors that could cause
actual results to differ include, without limitation, the Company's ability to
regain compliance with Rule 5452(b)(C), or otherwise meet Nasdaq's compliance
standards, whether Nasdaq will grant the Company any relief from delisting as
necessary or whether the Company can ultimately meet applicable Nasdaq
requirements for any such relief. There can be no assurance that the Company
will be able to regain or maintain compliance with Nasdaq Global Market
aggregate market value of outstanding warrants requirement. In addition, if the
Company does not meet the aggregate market value of outstanding warrants
requirement by the end of the Compliance Period, Nasdaq could provide notice
that the Company's warrants will become subject to delisting. In the event the
Company receives notice that its warrants are being delisted, Nasdaq rules
permit the Company to appeal any delisting determination by the Nasdaq staff to
a hearings panel. These forward-looking statements should be considered together
with the risks and uncertainties that may affect the Company's business and
future results included in the Company's filings with the
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