Catcha Investment Corp Receives NYSE American Notice Regarding Late Form 10-Q Filing
28 Août 2023 - 8:51PM
Business Wire
Catcha Investment Corp (“Catcha” or the “Company”) (NYSE
American: CHAA), announced today that New York Stock Exchange
Regulation, Inc., by letter dated August 22, 2023, notified the
Company that it was not in compliance with NYSE American’s
continued listing standards (the “Notice”) because the Company did
not timely file its Quarterly Report on Form 10-Q for the quarter
June 30, 2023 (the “Form 10-Q”), which was due on August 21,
2023.
In accordance with Section 1007 of the NYSE American Company
Guide, the Company will have six months from the date of the Notice
(the “Initial Cure Period”), to file the Form 10-Q with the
Securities and Exchange Commission (the “SEC”). If the Company
fails to file the Form 10-Q during the Initial Cure Period, NYSE
American LLC (the “Exchange”) may, in its sole discretion, provide
an additional six-month cure period (the “Additional Cure Period”).
The Company can regain compliance with the Exchange’s continued
listing standards at any time during the Initial Cure Period or
Additional Cure Period, as applicable, by filing the Form 10-Q and
any subsequent delayed filings with the SEC.
On August 14, 2023, the Company filed a Notification of Late
Filing on Form 12b-25 (the “Form 12b-25”), indicating that the
filing of its Form 10-Q will be delayed. Although the Company has
dedicated significant resources to the completion of finalizing its
consolidated financial statements and related disclosures for
inclusion in the Form 10-Q, the Company was unable to file the Form
10-Q prior to August 21, 2023, the extension period provided by the
Form 12b-25. Additional time is needed by the Company to complete
its review of the financial statements included in the Form 10-Q in
order to ensure a complete, accurate Form 10-Q. The Company intends
to file the Form 10-Q as soon as practicable and in any event
within the above-referenced six-month period.
About Catcha Investment Corp
Catcha Investment Corp is a blank check company formed for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization, or similar business combination
with one or more businesses. While the Company may pursue an
acquisition or a business combination target in any business,
industry, or geography, it intends to focus its search on a target
with operations or prospective operations in the technology,
digital media, financial technology, or digital services sectors,
which it refers to as the “new economy sectors”, across Asia
Pacific, in particular Southeast Asia and Australia.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains statements that constitute
“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. Certain of these
forward-looking statements can be identified by the use of words
such as “believes,” “expects,” “plans,” “estimates,” “may,”
“should,” “will,” seeks,” or other similar expressions. Such
statements may include, but are not limited to, statements
regarding the Company’s ability to comply with SEC rules and the
continued listing requirements of the NYSE American . These
statements are based on current expectations on the date of this
press release and involve a number of risks and uncertainties that
may cause actual results to differ significantly. Such risks and
uncertainties include, among others, the finalization of the
Company’s 2023 second quarter financial statements, the Company’s
ability to continue as a going concern, and other factors discussed
in the Company’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2022 and the Quarterly Report on Form 10-Q for
the quarter ended March 31, 2023 filed with the SEC. For a
description of such risks and uncertainties, please refer to the
Company’s filings with the SEC that are available at 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.
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Catcha Investment Corp Wai Kit Wong Chief Financial Officer
kit@catchagroup.com
Catcha Investment (NYSE:CHAA)
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