SportsMap Tech Acquisition Corp. Receives Notice From Nasdaq Regarding Delayed Quarterly Report
27 Maggio 2022 - 10:00PM
Business Wire
SportsMap Tech Acquisition Corp. (NASDAQ: SMAPU, SMAP, SMAPW)
(the “Company”) announced today that on May 25, 2022 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 period ended March 31, 2022 (the “Form 10-Q”) and remains
delinquent in filing its Annual Report on Form 10-K for the period
ended December 31, 2021 (the “Form 10-K”) with the Securities and
Exchange Commission. The Notice has no immediate effect on the
listing or trading of the Company’s securities on the Nasdaq
Capital Market.
Under Nasdaq rules, the Company has until June 20, 2022 to
submit a plan to regain compliance with the Rule. If Nasdaq accepts
the Company’s plan, then Nasdaq may grant an exception of up to 180
calendar days from the due date of the Form 10-K, or until October
12, 2022, to regain compliance.
About SportsMap Tech Acquisition Corp.
SportsMap Tech Acquisition Corp. is a blank check company
organized for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
other similar business combination with one or more businesses or
entities. The Company may pursue a business combination opportunity
in any business or industry it chooses.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements are subject to risks and uncertainties, which could
cause actual results to differ from the forward-looking statements,
including those set forth in the risk factors section of the
prospectus used in connection with the Company’s initial public
offering. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company’s expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220527005307/en/
David Gow 713-479-5302 info@sportsmaptech.com
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