Stemming from SEC Steering Relating to Accounting Remedy of Warrants, Golden Arrow Merger Corp. Announces Receipt of Nasdaq Continued Listing Regular Discover
New York, NY, June 04, 2021 (Globe NEWSWIRE) — Golden Arrow Merger Corp. (the “Company”) today introduced that on May well 28, 2021 it acquired a deficiency letter (the “Notice”) from the Nasdaq Cash Current market (“Nasdaq”) relating to the Company’s failure to well timed file its Quarterly Report on Sort 10-Q for the quarter finished March 31, 2021 (the “Form 10-Q”) as expected underneath Section 5250(c) of the Nasdaq Regulations and Regulations.
On April 12, 2021, the employees of the Securities and Trade Fee (“SEC”) issued “Staff Assertion on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Firms (“SPACs”)” (the “Statement”), which clarified advice for all SPAC-similar corporations about the accounting and reporting for their warrants. The immediacy of the successful day of the new assistance set forth in the Assertion has resulted in a significant quantity of SPACs re-evaluating the accounting therapy for their warrants with their skilled advisors, including auditors and other advisors accountable for helping SPACs in the preparing of economic statements. This, in turn, has resulted in the Company’s delay in getting ready and finalizing its money statements as of and for the quarter finished March 31, 2021 and filing its Kind 10-Q with the SEC by the recommended deadline. Considering that acquiring the Observe, the Organization has filed its Sort 10-Q with the SEC on June 4, 2021 and is in compliance with all other Nasdaq continued listing expectations.
About Golden Arrow Merger Corp.
Golden Arrow Merger Corp. is a blank verify organization fashioned as a Delaware corporation for the function of effecting a merger, capital stock trade, asset acquisition, stock buy, reorganization or related enterprise combination with just one or additional enterprises. When the Enterprise could go after an acquisition prospect in any enterprise, sector, sector, or geography, it intends to in the beginning concentration its lookup on figuring out a potential concentrate on small business in the health care or healthcare-related infrastructure industries in the United States and other created international locations.
Forward Wanting Statements
This push release has statements that represent “forward-looking statements.” Ahead-searching statements are issue to many situations, several of which are further than the control of the Business, which includes those people set forth in the Hazard Variables section of the Company’s closing prospectus submitted with the SEC on March 18, 2021, the Company’s Type 10-Q filed with the SEC on June 4, 2021, and subsequent experiences filed with the SEC. Copies are offered on the SEC’s site, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or alterations immediately after the date of this release, apart from as demanded by law.
Media Get hold of:
Golden Arrow Merger Corp.
Valerie Toomey
[email protected]