ESM Acquisition Corporation (NYSE: ESM) (the “Firm”) received on May possibly 25, 2021 a discover (the “Detect”) from The New York Inventory Trade (the “NYSE”) indicating that, as a consequence of not having well timed submitted its quarterly report on Type 10-Q for the quarter ended March 31, 2021 (the “Type 10-Q”), the Firm was not in compliance with the NYSE’s continued listing prerequisites under the timely submitting conditions founded in Portion 802.01E of the NYSE Mentioned Corporation Guide. It involves timely submitting of all necessary periodic experiences with the Securities and Exchange Commission (“SEC”) on or prior to the thanks day thereof or by the prolonged filing because of date furnished by Rule 12b-25.
The Observe has no speedy affect on the listing of the Company’s securities, which will continue on to trade on the NYSE, issue to the Company’s compliance with the other continued listing specifications of the NYSE. As beforehand disclosed by the Corporation on its Variety 12b-25 submitted with the SEC on Might 17, 2021, the Enterprise is at this time evaluating the accounting remedy of its warrants primarily based on advice from the SEC personnel issued in a general public assertion on April 12, 2021 (the “SEC Direction”) that highlighted the prospective accounting implications of particular terms that may be prevalent in warrants provided in distinctive objective acquisition enterprise transactions and mentioned relevant fiscal reporting considerations. The Corporation is identifying what effects the SEC Assistance will have on the Variety 10-Q and needs a lot more time to incorporate the revised accounting therapy expected by the SEC Assistance for its warrants in its financial statements in the Type 10-Q.
The Enterprise is performing diligently to comprehensive the Type 10-Q as soon as feasible. The predicted submitting day of the Form 10-Q is at present unidentified, and the Company ideas to file the Variety 10-Q as quickly as practicably feasible.
Ahead-Searching Statements
This push release might incorporate “forward-hunting statements” in the this means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. All statements other than statements of historic actuality provided in this push launch are ahead-seeking statements. When utilised in this press release, phrases this kind of as “anticipate,” “imagine,” “estimate,” “anticipate,” “intend” and very similar expressions, as they relate to us or our management group, establish forward-hunting statements. This kind of forward-hunting statements are centered on the beliefs of administration, as effectively as assumptions manufactured by, and information and facts currently obtainable to, the Company’s administration. True results could differ materially from all those contemplated by the ahead-on the lookout statements as a consequence of specific elements specific in the Company’s filings with the SEC. All subsequent composed or oral ahead-seeking statements attributable to us or people performing on our behalf are competent in their entirety by this paragraph. Forward-seeking statements are subject matter to various ailments, numerous of which are outside of the command of the Business, together with those established forth in the Chance Elements area of the Company’s registration statement and prospectus relating to the Company’s original community featuring submitted with the SEC. The Corporation undertakes no obligation to update these statements for revisions or alterations just after the day of this release, besides as necessary by regulation.
Check out resource variation on businesswire.com: https://www.businesswire.com/information/residence/20210601005536/en/
Contacts
Trader Speak to:
Jeffrey Ball, ESM Acquisition Company
[email protected]
