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KINS Technology : Receives Expected Notice from Nasdaq Regarding Delayed Filing of Quarterly Report (Form 8-K)


Regarding Delayed Filing of Quarterly Report
Palo Alto, CA June 4, 2021 On April 12, 2021, the Acting Director of the Division of Corporation Finance and Acting Chief Accountant of the U.S. Securities and Exchange Commission (the SEC ) together issued a statement regarding the accounting and reporting considerations for warrants issued by special purpose acquisition companies entitled Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies ( SPACs ) (the SEC Staff Statement ). As previously disclosed, given the scope of the process for determining the appropriate accounting treatment of its outstanding warrants in accordance with the SEC Staff Statement and Accounting Standards Codification ( ASC ) 815-40, Derivatives and Hedging: Contracts in an Entities Own Equity, KINS Technology Group, Inc. (the Company ) was unable to complete and file its Quarterly Report on Form 10-Q for the fiscal quarte ....

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