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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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European Biotech Acquisition Corp. Receives Expected Notification from Nasdaq Related to Delayed Quarterly Report


European Biotech Acquisition Corp. Receives Expected Notification from Nasdaq Related to Delayed Quarterly Report
European Biotech Acquisition Corp. (the Company ) today announced it received a notice on May 28, 2021 from the Nasdaq Stock Market LLC ( Nasdaq ) indicating that as a result of the Company s failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2021 (the Quarterly Report ), the Company no longer complies with the continued listing requirements set forth in Nasdaq Listing Rule 5250(c)(1). The notice has no immediate impact on the listing of the Company s securities, which will continue to trade on Nasdaq, subject to the Company s compliance with other applicable continued listing requirements. ....

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