KUALA LUMPUR, Aug 29 (Bernama) -- Catcha Investment Corp (Catcha) announced that New York Stock Exchange Regulation Inc, has notified the company that it was not in compliance with NYSE American’s continued listing standards because it did not timely file its Quarterly Report on Form 10-Q for the quarter June 30, which was due on Aug 21.
In accordance with Section 1007 of the NYSE American Company Guide, the company will have six months from the date of the notice (Initial Cure Period), to file the Form 10-Q with the Securities and Exchange Commission (SEC).
If Catcha fails to file the Form 10-Q during the Initial Cure Period, NYSE American LLC (Exchange) may, in its sole discretion, provide an additional six-month cure period (Additional Cure Period).
The company can regain compliance with the Exchange’s continued listing standards at any time during the Initial Cure Period or Additional Cure Period, as applicable, by filing the Form 10-Q and any subsequent delayed filings with the SEC.
On Aug 14, Catcha filed a notification of late filing on Form 12b-25, indicating that the filing of its Form 10-Q will be delayed.
Although the company has dedicated significant resources to the completion of finalising its consolidated financial statements and related disclosures for inclusion in the Form 10-Q, it was unable to file the form prior to the prescribed due date, the extension period provided by the Form 12b-25.
In a statement, Catcha said additional time is needed to complete its review of the financial statements included in the Form 10-Q in order to ensure a complete, accurate form.
The company intends to file the Form 10-Q as soon as practicable and in any event within the above-referenced six-month period.
Catcha is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganisation, or similar business combination with one or more businesses.
-- BERNAMA
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