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San Francisco, June 4, 2021 (Global News Agency) – Health Assurance Acquisition Corp. (NASDAQ:HAACU) (The “Company”) announced today that it received a notice (the “Notice”) from the NASDAQ Stock Market (“NASDAQ”) Listing Eligibility Department on May 28, 2021, stating that the company was not eligible for the Starck’s listing rule 5250(c)(1) (the “rules”) because the company failed to submit the quarterly report on Form 10-Q (“Form 10-Q”) for the quarter ended March 31, 2021 to The Securities and Exchange Commission (“SEC”).The NASDAQ announcement has no direct impact on the company’s SAIL listing or tradingSM Securities, Class A common stock or Nasdaq warrants.
NASDAQ has notified the company that, according to NASDAQ’s listing rules, the company has 60 calendar days from the date of the first NASDAQ notification letter or until July 27, 2021, to file with the US Securities and Exchange Commission Form 10-Q for the first quarter of 2021. If the company is unable to submit Form 10-Q for the first quarter of 2021 to the U.S. Securities and Exchange Commission before July 27, 2021, the company can submit a plan to re-compliance with the Nasdaq listing rules.
As previously reported by the company on Form 12b-25 filed with the US Securities and Exchange Commission on May 12, 2021, the company is currently determining the accounting and reporting related issues issued by the staff of the US Securities and Exchange Commission on April 12, 2021. The scope of the statement of the Special Purpose Acquisition Company (“SPAC”). The consideration of the warrants issued by the special purpose acquisition company (“SPAC”) will affect its financial statements for the fiscal quarter ending March 31, 2021, which will be included in the first quarter of 2021. Form 10-Q.
The company is working hard to complete Form 10-Q for the first quarter of 2021 and hopes to submit the report as soon as possible.
Forward-looking statements
This press release may include “forward-looking statements” as referred to in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. All statements in this press release other than statements of historical facts are forward-looking statements. When used in this press release, words such as “anticipates”, “believes”, “estimates”, “anticipates”, “intends” and similar expressions related to us or our management team can identify forward-looking statements. Such forward-looking statements are based on management’s beliefs, assumptions made by the company’s management and currently available information. Due to certain factors detailed in the company’s filings with the U.S. Securities and Exchange Commission, actual results may differ materially from those expected in the forward-looking statements. All subsequent written or oral forward-looking statements made by us or by persons acting on our behalf fully comply with the provisions of this paragraph. Forward-looking statements are subject to many conditions, many of which are beyond the company’s control, including the conditions set out in the company’s filings with the SEC. Unless required by law, the company assumes no obligation to update these statements for revisions or changes after the date of this press release.
For all media inquiries, please email jzimmerman@generalcatalyst.com.
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