Progress Acquisition Corp. Regains NASDAQ Compliance Following Filing of Delayed Quarterly Report
06 Décembre 2022 - 11:00PM
Progress Acquisition Corp. (NASDAQ: PGRWU) (the “Company”)
announced today that the Company had received a notice (“Notice”)
from the Listing Qualifications Department of The Nasdaq Stock
Market (“Nasdaq”) stating that the Company was not in compliance
with Nasdaq Listing Rule 5250(c)(1) because the Company had failed
to timely file with the Securities and Exchange Commission (“SEC”)
its Quarterly Report on Form 10-Q for the period ended September
30, 2022 (“Form 10-Q”). However, since the Company’s November 22,
2022 filing of the Form 10-Q, the Company has received notice from
Nasdaq that it has regained compliance with the Nasdaq Listing Rule
5250(c)(1), and Nasdaq considers the matter closed.
About Progress Acquisition
Corp.
Progress Acquisition Corp. is a blank check
company formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization, or
similar business combination with one or more businesses. While the
Company may pursue an acquisition in any business industry or
sector, it intends to focus on opportunities in media,
entertainment, and technology, with an emphasis on attractive
targets that fall in the digital ecosystem.
Forward-Looking Statements
This press release may include, and oral
statements made from time to time by representatives of the Company
may include, “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Statements
regarding possible business combinations and the financing thereof,
and related matters, as well as all other statements other than
statements of historical fact included in this press release are
forward-looking statements. When used in this press release, words
such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the Securities and Exchange
Commission (“SEC”). All subsequent written or oral forward-looking
statements attributable to us or persons acting on our behalf are
qualified in their entirety by this paragraph. 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 on Form 10-K
for the fiscal year ended December 31, 2021 and other documents the
Company has filed, or to be filed, with the SEC. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Investor Relations
Contact:
Domenic VenutoProgress Acquisition Corp.10 Winthrop Square 6th
FloorBoston, Massachusetts
02110E-mail: contact@progressacquisition.comTelephone: (617)
401-2700
Progress Acquisition (NASDAQ:PGRWW)
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