Atlantic Coastal Acquisition Corp. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits
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| Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On November 20, 2023, Atlantic Coastal Acquisition Corp. (the “Company”) received notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) that the Company was not in compliance with Nasdaq’s continued listing standards (the “Listing Rules”) as set forth in Listing Rule 5250(c)(1) given the Company’s failure to timely file its quarterly report on Form 10-Q for the quarter ended September 30, 2023 (the “Report”).
The Notice states that the Company must provide a specific plan to achieve and sustain compliance with the Listing Rules by no later than December 5, 2023.. The Company expects to file the Report in the coming weeks.
Previously, the Nasdaq Staff had granted the Company an exception until February 13, 2024, to file its delinquent 10-Q for the period ended June 30, 2023 (the “Initial Delinquent Filing”). As a result, any additional Staff exception to allow the Company to regain compliance with all delinquent filings, will be limited to a maximum of 180 calendar days from the due date of the Initial Delinquent Filing, or February 13, 2024.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
| Exhibit | ||
| No. | Description of Exhibits | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 21, 2023
| ATLANTIC COASTAL ACQUISITION CORP. | ||
| By: | /s/Anthony (Tony) Porcheron | |
| Anthony (Tony) Porcheron | ||
| Chief Executive Officer | ||