Health Assurance Acquisition Corp. Receives Expected Notice From Nasdaq Regarding Delayed Quarterly Report
June 04 2021 - 10:25PM
Health Assurance Acquisition Corp. (Nasdaq: HAACU) (the
“Company”) today announced that, on May 28, 2021, it received
a notice (“Notice”) from the Listing Qualifications Department of
The Nasdaq Stock Market (“Nasdaq”) stating that the Company is not
in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”)
because the Company failed to timely file its Quarterly Report on
Form 10-Q for the quarter ended March 31, 2021 (the “Form 10-Q”)
with the Securities and Exchange Commission (“SEC”).
The Nasdaq notice has no immediate impact on the listing
or trading of the Company’s SAILSM securities, Class A common stock
or warrants on Nasdaq.
Nasdaq has informed the Company that, under the
Nasdaq’s listing rules, the Company has 60 calendar days from the
date of the initial Nasdaq notification letter, or until
July 27, 2021, to file the Q1 2021 Form 10-Q with the
SEC. If the Company is unable to file the Q1 2021 Form
10-Q with the SEC by July 27, 2021, the Company is permitted
to submit a plan to regain compliance with the Nasdaq’s
listing rules.
As previously reported by the Company in its Form
12b-25 filed with the SEC on May 12, 2021, the Company is currently
determining the extent to which the April 12, 2021 statement
released by the Staff of the SEC relating to the accounting and
reporting considerations for warrants issued by special purpose
acquisition companies (“SPACs”) will impact its financial
statements as of and for the fiscal quarter ended March 31, 2021,
which will be included in the Q1 2021 Form 10-Q.
The Company is working diligently to complete the
Q1 2021 Form 10-Q and expects to file such report as soon
as practicable.
Forward-Looking Statements
This press release may 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
historical fact included in this press release are forward-looking
statements. When used in this press release, words such as
“anticipate,” “believe,” “estimate,” “expect,” “intend” and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Company’s filings with the SEC.
The Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
For all press inquiries, please
email jzimmerman@generalcatalyst.com.
Health Assurance Acquisi... (NASDAQ:HAAC)
Historical Stock Chart
From Jul 2024 to Aug 2024
Health Assurance Acquisi... (NASDAQ:HAAC)
Historical Stock Chart
From Aug 2023 to Aug 2024