Anthemis Digital Acquisitions I Corp (NASDAQ:ADALU) announces that on December 15, 2021, as a result of its failure to timely file with the Securities and Exchange Commission ("SEC") its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2021 (the "Form 10-Q"), it received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company was not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1). Nasdaq's listing rules provide the Company with 60 calendar days from the date of the notice to submit a plan to regain compliance. The Nasdaq notice has no immediate effect on the listing or trading of the Company's securities on Nasdaq. As previously disclosed by the Company in its Form 12b-25 filed with the SEC on December 10, 2021, the Company was unable to file its Form 10-Q by its original deadline without unreasonable effort or expense.
The Company fully regained compliance with the Nasdaq continued listing requirements as a result of filing the Form 10-Q on December 17, 2021, which eliminated the need for the Company to submit a formal plan to regain compliance. On December 20, 2021, the Company received a Notice from Nasdaq confirming that the Company had regained compliance with Nasdaq Listing Rule 5250(c)(1) and that the matter was closed.