NEW
YORK, May 30, 2023 /PRNewswire/ -- Atlantic
Coastal Acquisition Corp. (NASDAQ: ACAH) (the "Company"), a special
purpose acquisition corporation, announced that it had previously
received written notification (the "Notice") from the Listing
Qualifications Department of The Nasdaq Stock Market ("Nasdaq") on
May 24, 2023 that, because the
Company had not yet filed its Quarterly Report on Form 10-Q for the
three month period ended March 31,
2023 (the "10-Q") with the Securities and Exchange
Commission ("SEC"), the Company was not in compliance with Nasdaq's
continued listing requirements under Nasdaq Listing Rule
5250(c)(1). The Notice has no immediate effect on the listing of
the Company's securities on Nasdaq. The Notice states that the
Company has 60 calendar days from the date of the Notice to provide
Nasdaq with a specific plan to achieve and sustain compliance. On
May 25, 2023, the Company filed the 10-Q.
About Atlantic Coastal Acquisition Corp.
Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) is a special
purpose acquisition company. On March 8,
2021, Atlantic Coastal announced the closing of its IPO and
listing on Nasdaq. The Atlantic Coastal team is led by Chairman and
CEO Shahraab Ahmad, President and Director Burt Jordan, and CSO Director Tony Eisenberg. For more information, please
visit www.atlantic-coastal.com.
Forward-Looking Statements
This press release may contain statements that constitute
"forward-looking statements." Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's 10-K filed with the SEC. Copies
are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Contact: hello@atlanticcoastal.io
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SOURCE Atlantic Coastal Acquisition