Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On May 28, 2021, COVA Acquisition Corp. (the "Company") received a notice (the
"Notice") from the Listing Qualifications Department of The Nasdaq Stock Market
LLC ("Nasdaq") indicating that, as a result of not having timely filed with the
Securities and Exchange Commission (the "SEC") its Quarterly Report on Form 10-Q
for the fiscal quarter ended March 31, 2021 (the "Q1 2021 Form 10-Q"), the
Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Nasdaq
Listing Rule"), which requires listed companies to timely file all required
periodic financial reports with the SEC.
The Notice has no immediate impact on the listing or trading of the Company's
securities on the Nasdaq Capital Market.
As previously reported in the Form 12b-25 filed with the SEC on May 17, 2021,
the Company was unable to file the Q1 2021 Form 10-Q by the prescribed due date
of May 17, 2021 without unreasonable effort and expense. The Company was unable
to file the Q1 2021 Form 10-Q by the extension date of May 24, 2021 but
subsequently filed the Q1 2021 Form 10-Q with the SEC on June 1, 2021. As a
result of such filing, the Company expects to regain compliance with the Nasdaq
Listing Rule.
Item 8.01 Other Events.
On June 1, 2021, the Company issued a press release announcing its receipt of
the Notice. A copy of the press release is attached hereto as Exhibit 99.1 and
is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated June 1, 2021
1
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