Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
Atlantic Coastal Acquisition Corp. (the "Company") previously filed a Form
12b-25 with the Securities and Exchange Commission on March 29, 2022, to extend
the due date for the filing of its Form 10-K for the period ended December 31,
2021 (the "Report"). The Form 12b-25 disclosed that the Report was unable to be
filed on time because the Company required additional time to finalize its
financial statements. Such further delay in filing the Report past the deadline
set forth in the Form 12b-25 is in connection with further additional time
required to finalize the Company's financial statements.
On April 19, 2022, Company received notice from the Nasdaq Stock Market LLC (the
"Nasdaq") that the Company was not in compliance with Nasdaq's continued listing
standards as set forth in Listing Rule 5250(c)(1) given the Company failed to
timely file the Report. Under the Nasdaq Listing Rules, the Company has 60
calendar days from the date of the notice to file the Report. On April 20, 2022,
the Company filed the Report and notified Nasdaq of the filing.
On April 21, 2022, in accordance with Nasdaq's procedures, the Company issued a
press release disclosing the receipt of the April 19, 2022 letter from Nasdaq. A
copy of the press release is included herewith as Exhibit 99.1 and incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated April 21, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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