Learn CW Investment Corporation Receives Noncompliance Notification from the New York Stock Exchange Due to Delayed Form 10-Q Filing
November 27 2023 - 4:11PM
Business Wire
Learn CW Investment Corporation (the “Company”) announced it had
received a notification (the “Notice”) dated November 21, 2023 from
the New York Stock Exchange (the “NYSE”) informing the Company
that, as a result of not having timely filed its Quarterly Report
on Form 10-Q for the period ended September 30, 2023 (the “Form
10-Q”) with the Securities and Exchange Commission (the “SEC”), the
Company is not in compliance with Section 802.01E of the NYSE
Listed Company Manual (the “Listing Rule”). The Listing Rule
requires timely filing of all required periodic financial reports
with the SEC.
The Notice specifies that the Company can regain compliance with
the Listing Rule by filing the Form 10-Q within six months from the
Form 10-Q’s filing due date. If the Company fails to file the Form
10-Q by such date, the Company may submit a request for the NYSE’s
consideration to allow the Company’s securities to trade for an
additional six-month trading period. If the NYSE determines that an
additional six-month trading period is not appropriate, suspension
and delisting procedures will commence pursuant to Section 804.00
of the NYSE Listed Company Manual. If the NYSE determines that an
additional trading period of up to six months is appropriate and
the Company fails to regain compliance by the end of that period,
suspension and delisting procedures will generally commence. The
Notice also notes that the NYSE may nevertheless commence delisting
proceedings at any time during the period that is available to
complete the filing if it deems that the circumstances warrant.
As previously disclosed in the Company’s Notification of Late
Filing on Form 12b-25, filed with the SEC on November 14, 2023, the
Company has determined that it is unable, without unreasonable
effort or expense, to file the Form 10-Q within the prescribed
filing date of November 14, 2023, due to a delay experienced by the
Company in completing its financial statements and other
disclosures in the Form 10-Q. While the Company can provide no
assurances as to timing, the Company plans to file the Form 10-Q as
soon as practicably possible to regain compliance with the Listing
Rule.
About the Company
Learn CW Investment Corporation is a blank check company formed
as a Cayman Islands exempted company for the purpose of effecting a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses.
Forward-Looking Statements
This press release 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. Forward-looking statements are subject to numerous
conditions, risks and changes in circumstances, many of which are
beyond the control of the Company, including those set forth in the
“Risk Factors” section of the Company’s most recent annual report
on Form 10-K and quarterly reports on Form 10-Q filed with the SEC.
The Company expressly disclaims any obligations or undertakings to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company’s
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231127982685/en/
Media Requests
Learn CW Investment Corporation
Harry Bator harry@learn.vc
Learn CW Investment (NYSE:LCW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Learn CW Investment (NYSE:LCW)
Historical Stock Chart
From Sep 2023 to Sep 2024