Chunk Acquisition Corp. (NYSE: Chunk.U) (the “Business”) right now announced that it been given a official recognize of non-compliance on Might 25, 2021 from the New York Inventory Trade (the “NYSE”) relating to the Company’s failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (the “Kind 10-Q”).
On April 12, 2021, the workers of the Securities and Exchange Commission (“SEC”) issued “Staff members Statement on Accounting and Reporting Issues for Warrants Issued by Particular Purpose Acquisition Businesses (“SPACs”),” clarifying the accounting steering for warrants with terms that are frequent for SPACs (the “Assertion”). The immediacy of the efficient date of the new direction set forth in the Statement has resulted in a major number of SPACs re-assessing the accounting treatment method for their warrants with their qualified advisors, including auditors and other advisors accountable for helping SPACs in the planning of fiscal statements. This, in convert, resulted in the Company’s delay in getting ready and finalizing its fiscal statements as of and for the quarter finished March 31, 2021 and filing its Kind 10-Q with the SEC by the approved deadline. The Corporation expects to file its Variety 10-Q with the SEC on or about June 3, 2021, and is in compliance with all other NYSE ongoing listing necessities.
About Chunk Acquisition Corp.
Chunk Acquisition Corp. is a blank look at organization, also usually referred to as a specific goal acquisition company, or SPAC, formed for the objective of moving into into a merger, funds inventory exchange, asset acquisition, inventory buy, recapitalization, reorganization or other identical business enterprise mixture with one or more enterprises. Though the Enterprise could go after an preliminary company mix with a corporation in any sector or geography, it intends to focus its search on the classic and non-classic cafe sectors in North The united states.
Forward-Searching STATEMENTS
This press launch features “forward-searching statements” inside of the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Sure of these ahead-hunting statements can be determined by the use of phrases these as “thinks,” “expects,” “intends,” “ideas,” “estimates,” “assumes,” “may,” “ought to,” “will,” “seeks,” or other equivalent expressions. Such statements may possibly include, but are not constrained to, statements with regards to the Company’s skill to turn out to be existing in its SEC reporting obligations. These statements are based on present-day expectations on the date of this Current Report on Variety 8-K and contain a range of challenges and uncertainties that might lead to precise benefits to vary considerably. The Corporation does not suppose any obligation to update or revise any these forward-seeking statements, no matter if as the final result of new developments or or else. Audience are cautioned not to place undue reliance on ahead-on the lookout statements.
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Contacts
Bite Acquisition Corp.
Axel Molet Warschawski
[email protected]
+1 (212) 608-2923
