Core Viewpoint - Atlantic Coastal Acquisition Corp. II has received a notification from Nasdaq regarding non-compliance with listing requirements due to the failure to file its Quarterly Report on Form 10-Q for the period ended March 31, 2024 [1] Group 1: Company Compliance Status - The Company was notified on June 3, 2024, that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) [1] - The notification does not have an immediate effect on the listing of the Company's securities on Nasdaq [1] - The Company has 60 calendar days from the date of the notice to submit a specific plan to Nasdaq to achieve and sustain compliance [1] Group 2: Company Actions - The Company is actively working to finalize its financial statements to be included in the 10-Q [1] - The Company expects to file the 10-Q in the coming weeks [1] Group 3: Company Background - Atlantic Coastal Acquisition Corp. II is a special purpose acquisition company that closed its IPO and listed on Nasdaq on January 13, 2022 [2] - The leadership team includes Chairman and CEO Shahraab Ahmad, President and Director Burt Jordan, CSO and Director Tony Eisenberg, and CFO and Director Jason Chryssicas [2]
Atlantic Coastal Acquisition Corp. II Receives Notification of Deficiency from Nasdaq Related to Delayed Quarterly Report on Form 10-Q