0001825962 false 00-0000000 0001825962 2023-02-13 2023-02-13 0001825962 KAII:UnitsEachConsistingOfOneClassOrdinaryShareAndOnethirdOfOneRedeemableWarrantMember 2023-02-13 2023-02-13 0001825962 KAII:ClassOrdinarySharesParValue0.001PerShareMember 2023-02-13 2023-02-13 0001825962 KAII:RedeemableWarrantsEachWholeWarrantExercisableForOneClassOrdinaryShareAtExercisePriceOf11.50SubjectToAdjustmentMember 2023-02-13 2023-02-13 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): February 13, 2023

 

Kismet Acquisition Two Corp.

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-40077   N/A
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

850 Library Avenue, Suite 204

Newark, Delaware

  19715
(Address of principal executive offices)   (Zip Code)

 

(302) 738-6680

(Registrant’s telephone number, including area code)

 

N/A

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

 

Check the appropriate box below if the Form 8-K 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 Class A Ordinary Share and one-third of one Redeemable Warrant   KAIIU   The Nasdaq Stock Market LLC
Class A Ordinary Shares, par value $0.001 per share   KAII   The Nasdaq Stock Market LLC
Redeemable Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50, subject to adjustment   KAIIW   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 

 

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 February 13, 2023, Kismet Acquisition Two Corp., a Cayman Islands exempted company (the “Company”), received a deficiency notice from the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, as a result of the resignation of Verdi Israelyan from the board of directors of the Company (the “Board”) and the audit committee of the Board (“Audit Committee”) on September 5, 2022, the Company is no longer in compliance with the continued listing requirements set forth in Nasdaq Listing Rule 5605 regarding the composition of the Audit Committee, because the Audit Committee is now comprised of only two members instead of the required three members.

The notice from Nasdaq further provided that, consistent with Nasdaq Listing Rules 5605(c)(4), Nasdaq will provide the Company with a cure period in order to regain compliance with such rule as follows: (i) until the earlier to occur of the Company’s next annual shareholders’ meeting or September 5, 2023; or (ii) if the next annual shareholders’ meeting is held before March 6, 2023, then the Company must evidence compliance no later than March 6, 2023.

The Company expects to regain compliance with Nasdaq Listing Rule 5605 prior to the expiration of the cure period provided by Nasdaq.

 

1

 

 

SIGNATURE

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

 

  KISMET ACQUISITION TWO CORP.
     
Date: February 16, 2023 By: /s/ Dimitri Elkin
    Name: Dimitri Elkin
    Title: Chief Executive Officer

 

 

2

 

 

 

 

 

 

Kismet Acquisition Two (NASDAQ:KAII)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Kismet Acquisition Two Charts.
Kismet Acquisition Two (NASDAQ:KAII)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Kismet Acquisition Two Charts.