CROWN PROPTECH ACQUISITIONS ANNOUNCES RECEIPT OF NOTICE OF LATE FILING FROM NYSE
28 Novembre 2023 - 10:05PM
Crown PropTech Acquisitions, a Cayman Islands exempted company (the
“Company”), announced that it received a notice from the New York
Stock Exchange (the “NYSE”) on November 21, 2023 indicating that
the Company is not in compliance with Section 802.01E of the
NYSE Listed Company Manual as a result of its failure to timely
file its Quarterly Report on Form 10-Q for the quarter
ended September 30, 2023 (the “Form 10-Q”) with the
Securities and Exchange Commission (the “SEC”).
The NYSE informed the Company that, under NYSE rules, the
Company will have six months from November 20, 2023 to file the
Form 10-Q with the SEC. The Company can regain compliance
with the NYSE listing standards at any time prior to that date by
filing its Form 10-Q. If the Company fails to file the
Form 10-Q before the NYSE’s compliance deadline, the NYSE
may grant, at its sole discretion, an extension of up to six
additional months for the Company to regain compliance, depending
on the specific circumstances. The notice from the NYSE also notes
that the NYSE may nevertheless commence delisting proceedings at
any time if it deems that the circumstances warrant.
On November 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 November 20, 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 is working diligently to
ensure accurate disclosures are made in the Form 10-Q and is
working to file the Form 10-Q as promptly as practicable.
About Crown PropTech Acquisitions
The Company was formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses.
Forward-Looking Statements
This press release includes “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. All 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 SEC. All subsequent
written or oral forward-looking statements attributable to the
Company or persons acting on its 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, subsequent
quarterly reports on Form 10-Q and initial public
offering prospectus. 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
Michael Minnick Co-Chief Executive Officer
mm@crownproptech.com
Crown PropTech Acquisiti... (NYSE:CPTK)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Crown PropTech Acquisiti... (NYSE:CPTK)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024