East Resources Acquisition Company Receives Expected Notice From NASDAQ Regarding Delayed Quarterly Report
May 26 2023 - 3:05PM
Business Wire
East Resources Acquisition Company (NASDAQ: ERES) (the
“Company”) today announced that, on May 24, 2023, it received a
notice (the “Notice”) from the Listing Qualifications Department of
The NASDAQ Stock Market LLC (“NASDAQ”) stating that the Company is
not in compliance with NASDAQ Listing Rule 5250(c)(1) (the “Rule”)
because the Company failed to timely file its Quarterly Report on
Form 10-Q for the fiscal quarter ended March 31, 2023 (the “Form
10-Q”) with the Securities and Exchange Commission (“SEC”). The
Notice has no immediate effect on the listing or trading of the
Company’s securities on the NASDAQ.
As previously disclosed in the Form 12b-25 filed on May 15, 2023
by the Company, the Company determined that it was unable, without
unreasonable effort or expense, to file the Form 10-Q by the
required date of May 15, 2023.
The Company has since satisfied this obligation by filing its
Form 10-Q on May 25, 2023.
ABOUT EAST RESOURCES ACQUISITION COMPANY
East Resources Acquisition Company, led by Terrence M. Pegula,
is a blank check company formed for the purpose of entering into a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses in North America.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements.” 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 filed
with the SEC. Copies are available on the SEC’s website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
SOURCE: East Resources Acquisition Company
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version on businesswire.com: https://www.businesswire.com/news/home/20230526005293/en/
Investor Contact: Katelyn Morris Email:
info@eastresources.com
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