Kismet Acquisition Three Corp. Announces Receipt of Notice from Nasdaq Regarding Late Form 10-Q Filing
September 06 2022 - 3:05PM
Kismet Acquisition Three Corp. (the “Company”) announced
today that, on August 23, 2022, it received a notice (the “Notice”)
from the Listing Qualifications Department of The Nasdaq Stock
Market LLC (“Nasdaq”) notifying the Company that because it is
delinquent in filing its Quarterly Report on Form 10-Q for the
period ended June 30, 2022 (the “Form 10-Q”), it was not in
compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing
Rule”). The Listing Rule requires listed companies to timely file
all required periodic financial reports with the Securities and
Exchange Commission.
The Notice stated that the Company has sixty
calendar days from the date of the Notice to submit a plan to
regain compliance with the Listing Rule. If Nasdaq accepts the
Company’s plan, it has the discretion to grant the Company an
extension of up to 180 calendar days from the due date of the Form
10-Q (or until February 20, 2023) to regain compliance. The Notice
has no immediate effect on the listing of the Company’s securities
on Nasdaq.
As previously disclosed in the Company’s
Notification of Late Filing on Form 12b-25 filed on August 16,
2022, the Company was unable to file the Form 10-Q by the required
due date of August 15, 2022 because the Company needs additional
time to complete the financial statements to be included in the
Form 10-Q. The Company intends to file its Form 10-Q as soon as
practicable to cure the deficiency outlined in the Notice.
About Kismet Acquisition Three
Corp.
Kismet Acquisition Three Corp. is a special
purpose acquisition company, formed for the purpose of acquiring,
engaging in a share exchange, share reconstruction and
amalgamation, contractual control arrangement with, purchasing all
or substantially all of the assets of, or engaging in any other
similar initial business combination with one or more businesses or
entities.
Cautionary Note Regarding
Forward-Looking Statements
Certain statements in this press release are
“forward-looking statements” within the meaning of Section 21E
of the Securities Exchange Act of 1934, as amended, and are subject
to the safe harbor created thereby. In some cases, forward-looking
statements can be identified by terminology such as “may,” “will,”
“could,” “would,” “should,” “expect,” “plan,” “anticipate,”
“intend,” “believe,” “estimate,” “predict,” “potential,” “outlook,”
“guidance” or the negative of those terms or other comparable
terminology. These statements are based on the current beliefs and
expectations of the Company’s management and are subject to
significant risks and uncertainties. The above statements regarding
the Company’s intention to file its Form 10-Q as soon as
practicable to cure the deficiency outlined in the Notice,
constitute forward-looking statements that are based on the
Company’s current expectations. Because these forward-looking
statements involve risks and uncertainties, there are important
factors that could cause future events to differ materially from
those in the forward-looking statements, many of which are outside
of the Company’s control. These factors include, but are not
limited to, a variety of risk factors affecting the Company’s
business and prospects, see the section titled “Risk Factors” in
the Company’s Annual Report on Form 10-K filed with the SEC on
March 31, 2022 and subsequent reports filed with the SEC, as
amended from time to time. Any forward-looking statements are made
only as of the date hereof, and unless otherwise required by
applicable securities laws, the Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Contact:
Kismet Acquisition Three Corp.+7 (499)
755-2134info@kismetcg.com
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