The Company Also Received a Notice of
Non-compliance from Nasdaq for Failure to Timely File its Second
Quarter 2023 Form 10-Q
NEW
YORK, Aug. 25, 2023 /PRNewswire/ -- Atlantic
Coastal Acquisition Corp. (NASDAQ: ACAH) (the "Company"), a special
purpose acquisition corporation, today announced that its Board of
Directors approved to extend the date by which the Company would be
required to consummate a business combination ("Extension"). This
announcement follows a prior announcement on August 18, 2023 whereby the Company announced it
would redeem its public shares. This Extension is subject to
approval of the Company's shareholders at the Special Meeting that
is currently scheduled for September 8,
2023.
For further information related to Extension and/or Special
Meeting, please see the Company's Schedule 14A Preliminary Proxy
Statement that was filed on August 22,
2023, as well as any updates to this filing.
The Company also received a notice of non-compliance from Nasdaq
for failure to timely file its second quarter 2023 Form 10-Q. The
Company is working to complete its Form 10-Q filing and expects to
have this completed in the coming weeks.
About Atlantic Coastal Acquisition Corp.
Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) is a special
purpose acquisition company focused on the future of mobility. On
March 8, 2021, Atlantic Coastal
announced the closing of its IPO and listing on Nasdaq. The
Atlantic Coastal team is led by Chairman and CEO Shahraab Ahmad,
and President and Director Burt
Jordan. For more information, please
visit www.atlanticcoastalacquisition.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
View original
content:https://www.prnewswire.com/news-releases/atlantic-coastal-acquisition-corp-announces-plans-to-extend-deadline-to-complete-initial-business-combination-301910322.html
SOURCE Atlantic Coastal Acquisition