Item 8.01. Other Events.
As previously reported on a Current Report on Form 8-K filed on October 18, 2022
by Edoc Acquisition Corp. (the "Company"), the Company received a determination
letter by the Staff of the Listing Qualifications Department (the "Staff") of
The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company's securities
will be delisted from Nasdaq on the grounds that the Company was not in
compliance with the Market Value of Listed Securities ("MVLS") Standard, since
the market value of the Company's Class A ordinary shares, par value $0.0001 per
share (the "Ordinary Shares"), was below the $35 million minimum MVLS
requirement for continued listing on The Nasdaq Capital Market under Nasdaq
Listing Rule 5550(b)(2) and had not been at least $35 million for a minimum of
10 consecutive business days at any time during the 180-day grace period granted
to the Company. On October 20, 2022, the Nasdaq Hearings Panel (the "Panel")
granted the Company a hearing to appeal the Staff's determination, and on
December 1, 2022, the Company attended the hearing before the Panel.
On December 20, 2022, the Panel issued its decision ("Decision") to grant the
Company's request for continued listing on Nasdaq until April 11, 2023 (the
"exception period"), subject to certain conditions, including that the Company
will, within certain agreed timeframes during the exception period: (i) file a
registration statement on Form F-4 with the Securities and Exchange Commission
("SEC") as part of the initial business combination with Australian Oilseeds
Investments Pty Ltd. ("Coota"); (ii) file its annual report on Form 10-K for the
fiscal year ending December 31, 2021 with the SEC; (iii) obtain shareholder
approval to extends its current February 12, 2023 deadline to complete an
initial business combination; and (iv) close the initial business combination
with Coota and demonstrate compliance with all initial listing standards as
required by Listing Rule 5505. As a result of the Decision, during the exception
period the Company's Ordinary Shares, rights and warrants will continue to trade
on Nasdaq under symbols "ADOC," "ADOCR," and "ADOCW," respectively.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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