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Embrace Change Acquisition Corp. Receives Nasdaq Notice Regarding Late Form 10-Q Filing
Embrace Change Acquisition Corp. Receives Nasdaq Notice Regarding Late Form 10-Q Filing
SAN DIEGO, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Embrace Change Acquisition Corp. ("Embrace Change" or the "Company") (NASDAQ: EMCG; EMCGU; EMCGR; EMCGW), a special purpose acquisition company, announced today that on December 22, 2023, it received a delinquency notification letter from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the "Rule") because the Company did not timely file its Quarterly Report on Form 10-Q for the period ended September 30, 2023 (the "Form 10-Q").
The Notice has no immediate effect on the listing or trading of the Company's securities on the Nasdaq Stock Market. The Notice states that the Company has 60 calendar days from the date of the Notice, or February 20, 2024, to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan to regain compliance, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the Form 10-Q, or May 20, 2024, to file the Form 10-Q to regain compliance. The Company continues to work diligently to finalize its Form 10-Q and plans to file its Form 10-Q as promptly as possible to regain compliance with the Rule.
This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires disclosure of receipt of a deficiency notification.
About Embrace Change Acquisition Corp.
The Company is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the Company's search for an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Contact:
Jingyu Wang
jingyu.wang@embracechange.top
SAN DIEGO, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Embrace Change Acquisition Corp. ("Embrace Change" or the "Company") (NASDAQ: EMCG; EMCGU; EMCGR; EMCGW), a special purpose acquisition company, announced today that on December 22, 2023, it received a delinquency notification letter from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the "Rule") because the Company did not timely file its Quarterly Report on Form 10-Q for the period ended September 30, 2023 (the "Form 10-Q").
圣地亚哥,2023年12月26日(GLOBE NEWSWIRE)——特殊目的收购公司Embrace Change Acquisition Corp.(“Embrace Change” 或 “公司”)(纳斯达克股票代码:EMCG;EMCGU;EMCGW)今天宣布,它于2023年12月22日收到纳斯达克股票市场有限责任公司(“纳斯达克”)的拖欠通知信,表明该公司没有遵守该规定《纳斯达克上市规则》第5250(c)(1)(“规则”)下的持续上市要求,因为该公司没有及时提交截至9月30日的10-Q表季度报告,2023 年(“10-Q 表格”)。
The Notice has no immediate effect on the listing or trading of the Company's securities on the Nasdaq Stock Market. The Notice states that the Company has 60 calendar days from the date of the Notice, or February 20, 2024, to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan to regain compliance, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the Form 10-Q, or May 20, 2024, to file the Form 10-Q to regain compliance. The Company continues to work diligently to finalize its Form 10-Q and plans to file its Form 10-Q as promptly as possible to regain compliance with the Rule.
该通知对公司证券在纳斯达克股票市场的上市或交易没有立即生效。该通知指出,自通知发布之日起,即2024年2月20日,公司有60个日历日的时间来提交恢复遵守该规则的计划。如果纳斯达克接受公司恢复合规的计划,那么纳斯达克可以给予公司自10-Q表规定的截止日期(即2024年5月20日)起最多180个日历日来提交10-Q表格以恢复合规性。该公司继续努力完成其10-Q表格,并计划尽快提交10-Q表格,以恢复对该规则的遵守。
This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires disclosure of receipt of a deficiency notification.
本公告是根据纳斯达克上市规则5810(b)发布的,该规则要求披露收到的缺陷通知。
About Embrace Change Acquisition Corp.
关于拥抱变革收购公司
The Company is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.
该公司是一家空白支票公司,通常也被称为特殊目的收购公司(SPAC),其成立的目的是与一家或多家企业进行合并、股权交换、资产收购、股票购买、重组或其他类似的业务合并。
Forward-Looking Statements
前瞻性陈述
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the Company's search for an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
本新闻稿包括涉及风险和不确定性的前瞻性陈述。前瞻性陈述是不是历史事实的陈述。此类前瞻性陈述,包括公司寻求初始业务合并,存在风险和不确定性,这可能导致实际业绩与前瞻性陈述有所不同。公司明确表示不承担任何义务或承诺公开发布此处包含的任何前瞻性陈述的任何更新或修订,以反映公司对该陈述的预期的任何变化或任何陈述所依据的事件、条件或情况的任何变化。
Contact:
联系人:
Jingyu Wang
jingyu.wang@embracechange.top
王静宇
jingyu.wang@embracechange.top
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在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
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在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
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