NEW YORK, June 13, 2024 /PRNewswire/ -- Atlantic Coastal
Acquisition Corp. II (NASDAQ: ACAB) (the "Company"), a special
purpose acquisition company, announced that it had previously
received written notification (the "Notice") from the Listing
Qualifications Department of The Nasdaq Stock Market ("Nasdaq") on
June 3, 2024 that, because the
Company had not yet filed its Quarterly Report on Form 10-Q for the
three month period ended March 31,
2024 (the "10-Q") with the Securities and Exchange
Commission (the "SEC"), the Company was not in compliance with
Nasdaq's continued listing requirements under Nasdaq Listing Rule
5250(c)(1). The Notice has no immediate effect on the listing of
the Company's securities on Nasdaq. The Notice states that the
Company has 60 calendar days from the date of the Notice to provide
Nasdaq with a specific plan to achieve and sustain compliance. The
Company is working diligently to finalize its financial statements
to be included in the 10-Q and expects to file the 10-Q in the
coming weeks.
About Atlantic Coastal Acquisition Corp. II
Atlantic Coastal Acquisition Corp. II (NASDAQ: ACAB) is a
special purpose acquisition company. On January 13, 2022, Atlantic Coastal announced the
closing of its IPO and listing on Nasdaq. The Atlantic Coastal team
is led by Chairman and CEO Shahraab Ahmad, President and Director
Burt Jordan, CSO and Director
Tony Eisenberg, and CFO and Director
Jason Chryssicas. For more
information, please visit www.atlantic-coastal.com.
Forward-Looking Statements
This press release may contain statements that constitute
"forward-looking statements." Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's 10-K filed with the SEC. Copies
are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Contact: hello@atlanticcoastal.io
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SOURCE Atlantic Coastal Acquisition Corp. II
