Clean Energy Special Situations Corp. Receives Notice from Nasdaq Regarding Late Form 10-Q Filing
August 30 2023 - 3:25PM
Clean Energy Special Situations Corp. (Nasdaq: SWSS) (the
“Company”) announced today that the Nasdaq Stock Market LLC
(“Nasdaq”), by letter dated August 23, 2023 (the “Notice”),
notified the Company that it was not in compliance with Nasdaq’s
continued listing standards because the Company did not timely file
its Quarterly Report on Form 10-Q for the quarter ended June 30,
2023 (the “Quarterly Report”).
As reported in the Form 12b-25 filed by the
Company with the Securities and Exchange Commission on August 10,
2023, the Company is still in the process of compiling required
information to complete the Quarterly Report. As a result, the
Company required additional time to compile and verify the data
required to be included in the Quarterly Report.
Under Nasdaq rules, the Company now has 60
calendar days (or until October 23, 2023) to submit a plan to
regain compliance. If Nasdaq accepts the Company’s plan, Nasdaq can
grant an exception of up to 180 calendar days from the Quarterly
Report’s original due date, which 180 day period would end on
February 12, 2024, to regain compliance. The Company can regain
compliance with Nasdaq’s continued listing standards at any time
before such dates by filing the Quarterly Report with the SEC and
any other subsequent reports that are required to be filed during
the cure period.
About Clean Energy Special Situations
Corp.
Clean Energy Special Situations Corp. is a blank
check company formed for the purpose of effecting a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses or
entities.
Forward-Looking Statements
This press release includes “forward-looking
statements” within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words
such as “estimate,” “plan,” “project,” “forecast,” “intend,”
“will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”,
“intend”, “predict”, “should”, “would”, “predict”, “potential”,
“seem”, “future”, “outlook” or other similar expressions (or
negative versions of such words or expressions) that predict or
indicate future events or trends or that are not statements of
historical matters. These forward-looking statements are not
guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company’s control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements.
Contact Information:
Raghunath KilambiChief Executive Officerc/o
Graubard Miller(212) 818-8800
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