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united states

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 20, 2023

 

ATLANTIC COASTAL ACQUISITION CORP.

(Exact name of registrant as specified in its charter)

 

Delaware   001-40158   85-4178663

(State or other jurisdiction of

incorporation or organization)

   (Commission File Number)   (I.R.S. Employer
Identification Number)

 

1 Woodbury Mews, Dun Laoghaire

Dublin, Ireland, A96 ED72 

  A96 ED72 
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 353 (0) 8706 50447

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading
Symbol(s)

  

Name of each exchange
on which registered

Units, each consisting of one share of Class A common stock, $0.0001 par value, and one-third of one redeemable warrant   ACAHU   The Nasdaq Stock Market LLC
Shares of Class A common stock included as part of the units   ACAH   The Nasdaq Stock Market LLC
Warrants included as part of the units, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50   ACAHW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On November 20, 2023, Atlantic Coastal Acquisition Corp. (the “Company”) received notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) that the Company was not in compliance with Nasdaq’s continued listing standards (the “Listing Rules”) as set forth in Listing Rule 5250(c)(1) given the Company’s failure to timely file its quarterly report on Form 10-Q for the quarter ended September 30, 2023 (the “Report”). 

 

The Notice states that the Company must provide a specific plan to achieve and sustain compliance with the Listing Rules by no later than December 5, 2023.. The Company expects to file the Report in the coming weeks.

 

Previously, the Nasdaq Staff had granted the Company an exception until February 13, 2024, to file its delinquent 10-Q for the period ended June 30, 2023 (the “Initial Delinquent Filing”). As a result, any additional Staff exception to allow the Company to regain compliance with all delinquent filings, will be limited to a maximum of 180 calendar days from the due date of the Initial Delinquent Filing, or February 13, 2024.

 

Item 9.01Financial Statements and Exhibits

 

(d) Exhibits.

 

Exhibit
No.   Description of Exhibits
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: November 21, 2023

 

ATLANTIC COASTAL ACQUISITION CORP.  
     
By: /s/Anthony (Tony) Porcheron  
  Anthony (Tony) Porcheron  
  Chief Executive Officer    

 

 

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Nov. 20, 2023
Document Information [Line Items]  
Document Type 8-K
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Document Period End Date Nov. 20, 2023
Entity File Number 001-40158
Entity Registrant Name ATLANTIC COASTAL ACQUISITION CORP.
Entity Central Index Key 0001836274
Entity Tax Identification Number 85-4178663
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 1 Woodbury Mews
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Entity Address, City or Town Dublin
Entity Address, Country IE
Entity Address, Postal Zip Code A96 ED72
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