Merida Merger Corp. I Receives Nasdaq Notification Regarding Delayed Form 10-Q
29 5월 2021 - 5:28AM
Merida Merger Corp.
I (NASDAQ: MCMJ) ("Merida"
or the "Company"),
a blank check
company formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses or
entities, announced that on May 28, 2021, it received a letter from
the Listing Qualifications Department of the Nasdaq Stock Market
("Nasdaq") advising that because the Company failed to timely file
its Quarterly Report on Form 10-Q for the fiscal quarter ended
March 31, 2021 (the “Form 10-Q”), the Company was not in compliance
with Nasdaq Listing Rule 5250(c)(1) (the “Rule”). Nasdaq has
informed the Company that it has until July 27, 2021 to submit a
plan to regain compliance with the Rule, provided that the Company
will not be required to submit a plan if the Form 10-Q is filed
before such date. If Nasdaq approves the Company's plan, it has the
discretion to grant the Company an extension of up to 180 calendar
days from the due date of the Form 10-Q (or until November 22,
2021) to regain compliance.
The Company is working diligently to complete
the Form 10-Q. If the Company is unable to file the Form 10-Q by
July 27, 2021, it intends to file a plan to regain compliance with
Nasdaq. This notification has no immediate effect on the listing of
the Company's shares on Nasdaq. There can be no assurance, however,
that the Company will be able to regain compliance with the listing
requirements discussed above or otherwise satisfy the other Nasdaq
listing criteria.
Forward Looking Statements
This press release includes certain
“forward-looking” statements, as that term is defined under the
federal securities laws. These statements are often, but not
always, made through the use of words or phrases such as “may,”
“will,” “anticipate,” “estimate,” “plan,” “project,” “continuing,”
“ongoing,” “expect,” “believe,” “intend,” “predict,” “potential,”
“opportunity,” and similar words or phrases or the negatives of
these words or phrases. These forward-looking statements are based
on the Company’s current assumptions, expectations, and beliefs and
are subject to substantial risks, estimates, assumptions,
uncertainties, and changes in circumstances that may cause actual
results, performance, or achievements to differ materially from
those expressed or implied in any forward-looking statement,
including, among others, the timing of the filing of the Quarterly
Report on Form 10-Q for the fiscal quarter ended March 31, 2021 and
any further delay in the filing of required periodic reports with
the SEC. In addition, please refer to the risk factors
contained in the Company’s SEC filings. Because the risks,
estimates, assumptions and uncertainties referred to above could
cause actual results or outcomes to differ materially from those
expressed in any forward-looking statements, you should not place
undue reliance on any forward-looking statements. Any
forward-looking statement speaks only as of the date hereof, and,
except as required by law, the Company assumes no obligation and
does not intend to update any forward-looking statement to reflect
events or circumstances after the date hereof.
Company
Contact:
Peter LeePresidentMerida Merger Corp.
Iplee@meridacap.com
Merida Merger Corporatio... (NASDAQ:MCMJU)
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