Current Report Filing (8-k)
January 06 2022 - 5:02AM
Edgar (US Regulatory)
0001748621
false
00-0000000
00000
0001748621
2022-01-05
2022-01-05
0001748621
ALACU:UnitsEachConsistingOfOneOrdinaryShareOneRedeemableWarrantAndOneRightMember
2022-01-05
2022-01-05
0001748621
ALACU:OrdinarySharesNoParValueMember
2022-01-05
2022-01-05
0001748621
ALACU:RedeemableWarrantsEachWarrantExercisableForOnehalf12OfOneOrdinaryShareMember
2022-01-05
2022-01-05
0001748621
ALACU:RightsEachToReceiveOnetenth110OfOneOrdinaryShareMember
2022-01-05
2022-01-05
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
January 5, 2022
Date of Report (Date of earliest event reported)
ALBERTON ACQUISITION CORPORATION
(Exact name of registrant as specified in its charter)
British Virgin Islands
|
|
001-38715
|
|
N/A
|
(State or other jurisdiction
of incorporation)
|
|
(Commission File Number)
|
|
(I.R.S. Employer
Identification No.)
|
Room 1001, 10/F, Capital Center
151 Gloucester Road
Wanchai, Hong Kong
|
|
N/A
|
(Address of principal executive offices)
|
|
(Zip Code)
|
Registrant’s telephone number, including area
code: +852 2117 1621
N/A
(Former name or former address, if changed since last
report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
|
Written communications pursuant to Rule 425 under the Securities Act
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
|
Indicate by check mark whether the registrant is an
emerging growth Alberton as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☒
If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class
|
|
Trading Symbol(s)
|
|
Name of each exchange on which registered
|
Units, each consisting of one ordinary share, one redeemable warrant, and one right
|
|
ALACU
|
|
The Nasdaq Stock Market LLC
|
Ordinary shares, no par value
|
|
ALAC
|
|
The Nasdaq Stock Market LLC
|
Redeemable warrants, each warrant exercisable for one-half (1/2) of one ordinary share
|
|
ALACW
|
|
The Nasdaq Stock Market LLC
|
Rights, each to receive one-tenth (1/10) of one ordinary share
|
|
ALACR
|
|
The Nasdaq Stock Market LLC
|
Item 8.01 Other Events.
On January 3, 2022, Alberton Acquisition Corp. (the
“Company”) received notice from the Nasdaq Office of General Counsel that a Nasdaq Hearings Panel (the “Panel”)
had granted the Company’s request to continue its listing on Nasdaq through March 14, 2022 (the “Extended Date”).
As previously reported, the Company received notice
from the Listing Qualifications Department (“Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that unless
the Company timely requested a hearing before the Panel, the Company’s securities (common stock, warrants, units and rights) would
be subject to suspension and delisting from The Nasdaq Capital Market due to the Company’s non-compliance with Nasdaq IM-5101-2,
which requires that a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness
of its IPO registration statement. The Company timely requested a hearing before the Panel and the hearing was held on December 16, 2021.
The Panel’s decision is subject to certain conditions,
including that the Company will have completed its previously announced proposed business combination (the “Business Combination”)
with SolarMax Technology, Inc. (“SolarMax”) on or before the Extended Date and that the combined company will have demonstrated
compliance with all applicable requirements for initial listing on Nasdaq.
As previously announced, the Company has entered into
a binding definitive agreement to merge with SolarMax. The Company filed its most recent amendment to the Proxy Statement/Registration
Statement on Form S-4 (the “S-4”) for the merger on December 13, 2021. The Company intends to mail the S-4 to shareholders
promptly following completion of the Securities and Exchange Commission review process and to hold the shareholder meeting at which it
will seek approval for the Business Combination as soon as possible. In the event that the Company does not complete the Business Combination
by the Extended Date or fails to demonstrate compliance with the Nasdaq initial or continued listing rules, the Company’s securities
would be subject to suspension on Nasdaq, absent an additional extension.
On January 5, 2022, the Company issued a press release
announcing that the Company has received notice from the Panel to continue its listing on Nasdaq through March 14, 2022 to complete the
Business Combination. A copy of which is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) The following exhibits are filed with this report.
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
Dated: January 5, 2022
|
|
|
|
ALBERTON ACQUISITION CORPORATION
|
|
|
|
By:
|
/s/ Guan Wang
|
|
|
Name: Guan Wang
Title: Chief Executive Officer
|
Alberton Acquisition (NASDAQ:ALAC)
Historical Stock Chart
From Apr 2024 to May 2024
Alberton Acquisition (NASDAQ:ALAC)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Alberton Acquisition Corporation (NASDAQ): 0 recent articles
More Alberton Acquisition Corp News Articles