COVA Acquisition Corp. received an expected notice from NASDAQ regarding the delayed submission of Form 10-Q


COVA Acquisition Corp. (NASDAQ stock code:Kovo) (“Company”) announced today that it has received a notice (“Notice”) from the Qualifications Department of the Nasdaq Stock Market Co., Ltd. (“NASDAQ”) dated May 28, 2021, stating Due to the failure to submit the quarterly report on Form 10-Q for the fiscal quarter ending March 31, 2021 (“Form 10-Q for the first quarter of 2021”) to the US Securities and Exchange Commission (“SEC”) in a timely manner, the company did not comply with the Starck Listing Rule 5250(c)(1) (“Nasdaq Listing Rules”), which requires listed companies to submit all necessary periodic financial reports to the SEC in a timely manner.

The notice has no direct impact on the listing or trading of the company’s securities on the Nasdaq Capital Market.

As previously reported in Form 12b-25 filed with the U.S. Securities and Exchange Commission on May 17, 2021, the company cannot file a 10-Q for the first quarter of 2021 before the prescribed expiration date on May 17, 2021. Without unreasonable effort and expense. The company failed to file the first quarter of 2021 form 10-Q before the extension date on May 24, 2021, but subsequently filed the first quarter of 2021 form 10-Q with the US Securities and Exchange Commission on June 1, 2021. It is expected to re-comply with the Nasdaq listing rules.

Note on forward-looking statements

This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including expectations regarding the company’s re-compliance with the Nasdaq listing rules, are subject to risks and uncertainties, and may cause actual results to differ from the forward-looking statements. Forward-looking statements are subject to many conditions, many of which are beyond the company’s control, including the risk factors section of the company’s registration statement and the conditions specified in the final prospectus related to the company’s initial public offering filed with the United States Securities and Exchange Commission. The company expressly disclaims any obligation or commitment to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any changes in the company’s expectations or any changes in the events, conditions or circumstances on which any statement is based.


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