Embrace Change Acquisition Corp. Receives Additional Staff Determination Notice from Nasdaq Related to Delayed Quarterly Report
08 September 2024 - 1:00PM
Embrace Change Acquisition Corp. (Nasdaq: EMCG, EMCGW, EMCGU,
EMCGR) ("Embrace Change" or the "Company"), announced today that on
September 5, 2024, it received an additional staff determination
notice from the Listing Qualifications Department of the Nasdaq
Stock Market LLC ("Nasdaq") notifying the Company that it is
delinquent in filing its Quarterly Report on Form 10-Q for the
period ended June 30, 2024 (the "Form 10-Q") and that this matter
serves as an additional basis for delisting the Company’s
securities from The Nasdaq Stock Market. The failure to timely file
the 10-Q is a violation of Nasdaq Listing Rule 5250(c)(1).
Embrace Change is actively working to complete
and file the delayed Form 10-Q. In accordance with the timeline
established previously by the Nasdaq hearings panel, the Company
aims to regain compliance with Nasdaq's listing requirements by
September 30, 2024, by completing all required filings.
This announcement is being made in compliance
with Nasdaq Listing Rule 5810(b), which requires prompt disclosure
of receipt of a deficiency notification.
About Embrace Change Acquisition
Corp. Embrace Change Acquisition Corp. is a
blank check company, also commonly referred to as a special purpose
acquisition company, or SPAC, formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or other similar business combination with one or
more businesses.
Forward-Looking Statements This
press release contains statements that constitute "forward-looking
statements," including with respect to the Company's search for an
initial business combination and its ability to regain compliance
with Nasdaq listing requirements. 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 annual report and quarterly
reports filed with the Securities and Exchange Commission (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:
contact@embracechange.top
Embrace Change Acquisition (NASDAQ:EMCGU)
Historical Stock Chart
From Aug 2024 to Sep 2024
Embrace Change Acquisition (NASDAQ:EMCGU)
Historical Stock Chart
From Sep 2023 to Sep 2024