NEW
YORK, April 21, 2022 /PRNewswire/ -- Atlantic
Coastal Acquisition Corp. (NASDAQ: ACAH) (the "Company"), a special
purpose acquisition corporation focused on the future of mobility,
announced that it had previously received written notification (the
"Notice") from the Listing Qualifications Department of The Nasdaq
Stock Market ("Nasdaq") on April 19,
2022 that, because the Company had not yet filed its Annual
Report on Form 10-K for the year ended December 31, 2021 (the "10-K") 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 sixty days from the date of the Notice,
or until June 20, 2022, to submit a plan to regain compliance but
that no plan would be needed if the Company submitted its 10-K
before the plan's due date. On April 20, 2022, the Company filed
the 10-K and notified Nasdaq of the filing.
About Atlantic Coastal Acquisition Corp.
Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) is a
$345 million special purpose
acquisition company focused on the future of mobility. 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.atlanticcoastalacquisition.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