Roth CH Acquisition III Co. Receives Noncompliance Notice Regarding Late Form 10-Q Filing From Nasdaq
August 26 2021 - 4:15PM
Business Wire
Roth CH Acquisition III Co. (Nasdaq: ROCR) (the “Company”)
announces that on August 25, 2021, as a result of its failure to
timely file with the Securities and Exchange Commission ("SEC") its
Quarterly Report on Form 10-Q for the fiscal quarter ended June 30,
2021 (the "Form 10-Q"), it received a notice from The Nasdaq Stock
Market LLC ("Nasdaq") stating that the Company is not in compliance
with the periodic filing requirements for continued listing set
forth in NASDAQ Listing Rule 5250(c)(1). Nasdaq’s listing rules
provide the Company with 60 calendar days from the date of the
notice to submit a plan to regain compliance. The Nasdaq notice has
no immediate effect on the listing or trading of the Company's
securities on Nasdaq.
As previously disclosed by the Company in its Form 12b-25 filed
with the SEC on August 16, 2021, the Company was unable to file its
Form 10-Q by its original deadline without unreasonable effort or
expense due to the fact that the financial statements could not be
completed in sufficient time to solicit and obtain the necessary
review of the Form 10-Q and signatures thereto in a timely fashion
prior to the original due date of the report. The Company fully
regained compliance with the Nasdaq continued listing requirements
as a result of filing the Form 10-Q on August 25, 2021, which
eliminated the need for the Company to submit a formal plan to
regain compliance.
About Roth CH Acquisition III Co.
Roth CH Acquisition III Co. is a blank check company, also
commonly referred to as a special purpose acquisition company, or
SPAC, formed for the purpose of entering into a merger, share
exchange, asset acquisition, stock purchase, recapitalization,
reorganization or other similar business combination with one or
more businesses or entities. It is the Company’s intention to focus
its search on target businesses operating in the business services,
consumer, healthcare, technology, wellness or sustainability
sectors.
Forward-Looking Statements
This press release contains certain forward-looking statements
that express our opinions, expectations, beliefs, plans,
objectives, assumptions or projections regarding future events or
future results and therefore are, or may be deemed to be,
"forward-looking statements" within the meaning of Section 27A of
the Securities Act and Section 21E of the Exchange Act. These
forward-looking statements can generally be identified by the use
of forward-looking terminology, including the terms "believes,"
"estimates," "anticipates," "expects," "seeks," "projects,"
"intends," "plans," "may," "will" or "should" or, in each case,
their negative or other variations or comparable terminology. These
forward-looking statements include all matters that are not
historical facts. They appear in a number of places throughout this
press release and include statements regarding our intentions,
beliefs or current expectations concerning the Company's
performance, business and future events, including its ability to
file the Form 10-Q and the attendant consequences with the SEC and
Nasdaq and the continued listing of the Company's securities on
Nasdaq. Such forward looking statements are based on management's
expectations, beliefs and forecasts concerning future events
impacting the Company. You are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, as well as assumptions, which,
if they were to ever materialize or prove incorrect, could cause
actual results to differ materially from the from the plans,
objectives, expectations, estimates and intentions expressed or
implied by such forward-looking statements. The forward-looking
statements made in this press release speak only as of the date
hereof and we disclaim any obligation, except as required by law,
to provide updates, revisions or amendments to any forward-looking
statements to reflect changes in our expectations or future
events.
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version on businesswire.com: https://www.businesswire.com/news/home/20210826005718/en/
John Lipman, Co-CEO Roth CH Acquisition III Co.
rothch@roth.com
Roth CH Acquisition III (NASDAQ:ROCR)
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