Current Report Filing (8-k)
December 06 2022 - 4:16PM
Edgar (US Regulatory)
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2022-11-22
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2022-11-22
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2022-11-22
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PGRW:RedeemableWarrantsEachWholeWarrantExercisableForOneShareOfCommonStockForExercisePriceOf11.50Member
2022-11-22
2022-11-22
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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 22, 2022
Progress Acquisition Corp.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-40027 |
|
85-3303412 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
10 Winthrop Square 6th Floor
Boston, MA 02110
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including
area code: (617) 401-2700
Not Applicable
(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 (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 share of Common Stock and one-half of one Redeemable Warrant |
|
PGRWU |
|
The
NASDAQ Stock Market LLC |
Common Stock, par value $0.0001 per share |
|
PGRW |
|
The NASDAQ Stock Market LLC |
Redeemable Warrants, each whole warrant exercisable for one share of Common Stock for an exercise price of $11.50 |
|
PGRWW |
|
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 22, 2022 the Company received a notice
(“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the
Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) because the Company failed to timely file its Quarterly Report on Form
10-Q for the period ended September 30, 2022 (the “Form 10-Q”) with the Securities and Exchange Commission (“SEC”).
However, since the Company’s November 22, 2022 filing of the Form 10-Q, the Company has received notice from Nasdaq that it has
regained compliance with the Nasdaq Listing Rule 5250(c)(1), and Nasdaq considers the matter closed.
On December 6, 2022, the Company issued a press
release announcing the developments discussed herein. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
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.
|
Progress Acquisition Corp. |
|
|
|
Dated: December 6, 2022 |
By: |
/s/
David Arslanian |
|
|
Name: |
David Arslanian |
|
|
Title: |
Chief Executive Officer |
2
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