Isos Acquisition Corporation Announces Receipt of Notice from the New York Stock Exchange Regarding Late Filing of Quarterly ...
June 01 2021 - 3:20PM
Isos Acquisition Corporation (NYSE: ISOS.U) (the “Company”) today
announced that it has received a notice (“Notice”) from the NYSE
Regulation staff of the New York Stock Exchange (the “NYSE”) as a
result of its failure to file its Quarterly Report on Form 10-Q for
the quarter ended March 31, 2021 (the “Form 10-Q”) in a timely
fashion. The Notice advised the Company that it was not in
compliance with the NYSE's continued listing requirements in
Section 802.01E of the NYSE Listed Company Manual.
As reported by the Company in its Form 12b-25 filed with the
Securities and Exchange Commission (the “SEC”) on May 17, 2021, the
Company was unable to file the Form 10-Q within the prescribed time
period without unreasonable effort or expense. The extension period
provided under Rule 12b-25 expired on May 24, 2021. The Company was
unable to meet the filing deadline for the Form 10-Q due to the
Company continuing evaluation of the accounting treatment for its
outstanding warrants.
The NYSE has informed the Company that, under the NYSE's rules,
the Company will have six months from the filing due date (May 24,
2021) to file its Form 10-Q with the SEC. The Company can regain
compliance with NYSE listing standards at any time during this
six-month period when the Company files its Form 10-Q with the SEC.
If the Company fails to file its Form 10-Q within such six-month
period, the NYSE may, in its sole discretion, grant an additional
six month extension depending on specific circumstances. The NYSE
may commence delisting proceedings at any time during the period
that is available to complete the filing if it deems that
circumstances warrant.
On June 1, 2021, the Company filed its Form 10-Q and believes it
is now in compliance with the NYSE’s continued listing
requirements.
About Isos Acquisition Corporation.
Isos Acquisition Corporation is a blank check company formed for
the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination in any industry, sector, or
geographic region, it intends to focus on businesses in the global
media and entertainment sectors, as well as adjacencies in this
industry, which includes direct-to-consumer businesses, consumer
brands undergoing digital transformation, digitally-enabled
marketplaces, services, and platforms among areas of focus. The
Company is led by Co-Chief Executive Officers George Barrios and
Michelle Wilson.
Forward-Looking Statements
This press release may include, and oral statements made from
time to time by representatives of the Company may include,
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Statements other than
statements of historical fact included in this press release are
forward-looking statements. When used in this press release, words
such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the Securities and Exchange
Commission (“SEC”). All subsequent written or oral forward-looking
statements attributable to us or persons acting on our behalf are
qualified in their entirety by this paragraph. 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 registration statement and
prospectus for the Company’s initial public offering filed with the
SEC. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
Contact:
Jennifer BarryIsos Capital Management(203) 263-9312
Isos Acquisition (NYSE:ISOS)
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