Mountain Crest Acquisition announced that it received an expected deficiency notification letter from the staff of The Nasdaq Stock Market on September 13 … The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to timely file (i) its Quarterly Report on Form 10-Q for the quarter ended March 31 as described more fully in the Company’s Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission on April 2, and (ii) its Quarterly Report on Form 10-Q for the quarter ended June 30…The Company has made progress towards regaining compliance. In particular, on September 13 the Company filed the Q1 10-Q with the SEC. Then on September 16, the Company submitted a letter to Nasdaq setting forth the Company’s plan to regain compliance with the Listing Rule. The Company also requested the Staff to provide an exception to allow the Company to regain compliance with the Listing Rule, by filing the Q2 10-Q, to October 14
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCAG:
- Mountain Crest Acquisition Corp. V Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Reports on Form 10-Q and Makes Progress Towards Regaining Compliance
- Mountain Crest Acquisition V Announces Merger with CUBEBIO
- CUBEBIO Announces Business Combination Agreement With Mountain Crest V to Become Publicly Listed
- Mountain Crest Acquisition V Struggles with Nasdaq Compliance
- Mountain Crest Acquisition Corp. V Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K and Quarterly Report on Form 10-Q