Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On April 27, 2023, Atlantic Coastal Acquisition Corp. (the "Company") received
notice ("Notice") from the Nasdaq Stock Market LLC ("Nasdaq") informing the
Company that the Company was not in compliance with Nasdaq's listing rules (the
"Listing Rules") as set forth in Listing Rule 5550(a)(4) given the Company's
failure to maintain a sufficient number of publicly held shares. Citing the
Company's Form 10-K for the year ending December 31, 2022, Nasdaq calculated the
Company's publicly held shares as 461,370 (which amount excludes shares held by
officers, directors, or beneficial owners of 10 percent or more). To satisfy the
requirement for continued listing on The Nasdaq Capital Market, the Company must
maintain a minimum of 500,000 publicly held shares.
Consistent with the Listing Rules, the Company has until June 12, 2023 to
provide Nasdaq with a specific plan to achieve and sustain compliance with the
Listing Rules.
The Company anticipates that any deficiency in its number of publicly held
shares will be resolved when certain entities who were included as 10% holders
of the Company's Class A common stock in the Company's 10-K (based on
information in schedule 13G filings) file Form 13Fs with the Securities and
Exchange Commission reflecting their holdings of the Company's stock as of March
31, 2023.
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ATLANTIC COASTAL ACQUISITION CORP. 
