Form 8-K - Current report
20 December 2023 - 8:51AM
Edgar (US Regulatory)
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2023-12-15
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2023-12-15
2023-12-15
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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):
December 15, 2023
Spectaire Holdings Inc.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-40976 |
|
98-1578608 |
(State or other jurisdiction |
|
(Commission File Number) |
|
(I.R.S. Employer |
of incorporation) |
|
|
|
Identification No.) |
155 Arlington St.,
Watertown, MA |
|
02472 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (508) 213-8991
N/A
(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 |
Common stock, par value $0.0001 per share |
|
SPEC |
|
The Nasdaq Stock Market LLC |
Redeemable warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 |
|
SPECW |
|
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 December 15, 2023, Spectaire
Holdings Inc. (the “Company”) received a letter (the “Letter”) from the Listing Qualifications Department of The
Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days prior to the date
of the Letter, the Company’s Market Value of Publicly Held Shares (“MVPHS”) was below the $15 million minimum requirement
for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(C) (the “MVPHS Rule”). The Letter is
only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s
securities.
In accordance with Nasdaq Listing
Rule 5810(c)(3)(D), the Company will have 180 calendar days, or until June 12, 2024 (the “Compliance Date”), to regain compliance
with the MVPHS Rule. To regain compliance with the MVPHS Rule, the Company’s MVPHS must equal or exceed $15 million for a minimum
of 10 consecutive business days at any time prior to the Compliance Date. If the Company regains compliance with the MVPHS, Nasdaq will
provide the Company with written confirmation and will close the matter.
In the event that the Company
does not regain compliance with the MVPHS Rule by the Compliance Date, it will receive written notification that its securities are subject
to delisting. At that time, the Company may appeal the delisting determination to a Hearings Panel. The Letter notes that the Company
may be eligible to transfer the listing of its securities to the Nasdaq Capital Market (provided that it then satisfies the requirements
for continued listing on that market). The Company is monitoring its MVPHS and will consider its available options to regain compliance
with the MVPHS Rule; however, there can be no assurance that the Company will be able to regain compliance with the MVPHS Rule.
The Letter is unrelated to the
previously disclosed letter received by the Company from Nasdaq on December 5, 2023 regarding the Company’s noncompliance with the
Market Value of Listed Securities requirement for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A).
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.
|
Spectaire Holdings Inc. |
Date: December 19, 2023 |
|
|
|
By: |
/s/ Brian Semkiw |
|
Name: |
Brian Semkiw |
|
Title: |
Chief Executive Officer |
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Dec. 15, 2023 |
Document Type |
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Document Period End Date |
Dec. 15, 2023
|
Entity File Number |
001-40976
|
Entity Registrant Name |
Spectaire Holdings Inc.
|
Entity Central Index Key |
0001844149
|
Entity Tax Identification Number |
98-1578608
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
155 Arlington St.
|
Entity Address, City or Town |
Watertown
|
Entity Address, State or Province |
MA
|
Entity Address, Postal Zip Code |
02472
|
City Area Code |
508
|
Local Phone Number |
213-8991
|
Written Communications |
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Pre-commencement Issuer Tender Offer |
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Entity Emerging Growth Company |
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Elected Not To Use the Extended Transition Period |
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|
Common stock, par value $0.0001 per share |
|
Title of 12(b) Security |
Common stock, par value $0.0001 per share
|
Trading Symbol |
SPEC
|
Security Exchange Name |
NASDAQ
|
Redeemable warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 |
|
Title of 12(b) Security |
Redeemable warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50
|
Trading Symbol |
SPECW
|
Security Exchange Name |
NASDAQ
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