CENAQ Energy Corp. Announces Receipt of Notification Letter from Nasdaq
August 26 2022 - 8:28AM
CENAQ Energy Corp. (the “Company” or “CENAQ”; Nasdaq: CENQ)
announced today that it received a notice from the Listing
Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”)
indicating that the Company is not in compliance with the Nasdaq
Listing Rule 5250(c)(1) as a result of its failure to timely file
its Quarterly Report on Form 10-Q for the quarter ended June 30,
2022 (the “Form 10-Q”) with the Securities and Exchange Commission
(the “SEC”). The notice has no immediate effect on the listing of
the Company’s securities on Nasdaq. The Company has 60 days,
or until October 24, 2022, to submit a plan to regain compliance
with respect to the delinquent Form 10-Q. If Nasdaq accepts the
Company’s plan, Nasdaq may grant an exception of up to 180 calendar
days from the due date of the Form 10-Q, or until February 23,
2023, to regain compliance. The Company may regain compliance prior
to this deadline by filing the Form 10-Q. The Company filed the
Form 10-Q on August 25, 2022.
About CENAQ Energy Corp.
CENAQ is a blank check company formed for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. CENAQ focused its search
for a target business in the energy industry in North America.
CENAQ is led by energy industry veterans J. Russell Porter (CEO)
and Michael J. Mayell (President and CFO).
Forward Looking Statements
The information included in this press release
and in any oral statements made in connection with this press
release include “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All
statements, other than statements of present or historical fact
included in this press release are forward-looking statements. When
used in this press release, including any oral statements made in
connection with this press release, the words “could,” “should,”
“will,” “may,” “believe,” “anticipate,” “intend,” “estimate,”
“expect,” “project,” the negative of such terms and other similar
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain such
identifying words. These forward-looking statements are based on
CENAQ management’s current expectations and assumptions about
future events and are based on currently available information as
to the outcome and timing of future events. Except as otherwise
required by applicable law, CENAQ disclaims any duty to update any
forward-looking statements, all of which are expressly qualified by
the statements in this section, to reflect events or circumstances
after the date hereof. CENAQ cautions you that these
forward-looking statements are subject to risks and uncertainties,
most of which are difficult to predict and many of which are beyond
the control of CENAQ. There may be additional risks that CENAQ does
not presently know or that CENAQ currently believes are immaterial
that could cause actual results to differ from those contained in
the forward-looking statements. Additional information concerning
these and other factors that may impact CENAQ’s expectations and
projections can be found in CENAQ’s periodic filings with the SEC,
including those set forth in the section entitled “Risk Factors” in
CENAQ’s Annual Report on Form 10-K filed with the SEC on March 30,
2022, any subsequently filed Quarterly Report on Form 10-Q and the
section entitled “Risk Factors” in the preliminary proxy statement
filed on August 12, 2022. CENAQ’s SEC filings are available
publicly on the SEC’s website at www.sec.gov.
Investor Relations Contact:
J. Russell Porter – CEOrporter@cenaqcorp.com(305)
799-4822
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