Current Report Filing (8-k)
November 16 2022 - 3:50PM
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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
Date of report (Date of earliest event reported):
November 10, 2022
Kismet Acquisition Three Corp.
(Exact name of registrant as specified in its charter)
Cayman Islands |
|
001-40078 |
|
N/A |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
850 Library Avenue, Suite 204
Newark, Delaware |
|
19715 |
(Address of principal executive offices) |
|
(Zip Code) |
(302) 738-6680
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K
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 (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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 Class A Ordinary Share and one-third of one Warrant |
|
KIIIU |
|
The Nasdaq Stock Market LLC |
Class A Ordinary Shares, par value $0.001 per share |
|
KIII |
|
The Nasdaq Stock Market LLC |
Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 |
|
KIIIW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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.
Item 3.01 Notice of Delisting
or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On November 10, 2022, Kismet Acquisition Three
Corp. (the “Company”) received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications
Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that Nasdaq has initiated a process which could
result in the delisting of the Company’s securities from Nasdaq as a result of the Company not being in compliance with Nasdaq Listing
Rule 5250(c)(1) (the “Listing Rule”), which requires listed companies to timely file all required periodic financial reports
with the Securities and Exchange Commission (the “SEC”).
As previously disclosed, on August 23, 2022, the
Nasdaq Listing Qualifications Department notified the Company that, because the Company had not timely filed its Quarterly Report on Form
10-Q for the period ended June 30, 2022 (the “Quarterly Report”) with the SEC, the Company was not in compliance with Nasdaq
Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports. The Company was provided until October
24, 2022, to submit its plan to file the Quarterly Report, however, the Company did not provide a plan for Nasdaq’s staff’s
consideration.
The Staff Determination will not immediately result
in the suspension of trading or delisting of the Company’s securities. The Company may appeal the Staff Determination before a Nasdaq
Hearings Panel and seek a stay of any suspension or delisting action pending the hearing process in accordance with the procedures set
forth in the Staff Determination Letter. A request for a hearing before the Nasdaq Hearings Panel must be submitted no later than 4:00
pm Eastern time on November 17, 2022. In that regard, unless the Company requests an appeal of the Staff Determination, trading of the
Company’s units, ordinary shares and warrants will be suspended at the opening of business on November 21, 2022, and a Form 25-NSE
will be filed with SEC, which will remove the Company’s securities from listing and registration on Nasdaq.
The Company has decided not to appeal the Staff
Determination.
Item 7.01. Regulation FD Disclosure.
A press release, dated November 16, 2022, disclosing
the Company’s receipt of the Staff Determination letter is attached hereto as Exhibit 99.1.
The information furnished in this Item 7.01 of
this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) shall not be deemed “filed” for purposes of Section
18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing of the Company under
the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURE
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.
|
KISMET acquisition THREE corp. |
|
|
|
By: |
/s/ Ivan Tavrin |
|
Name: |
Ivan Tavrin |
|
Title: |
Chairman and Chief Executive Officer |
Date: November 16, 2022
2
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