Atlantic Coastal Acquisition (ACAH) has released an update.
Atlantic Coastal Acquisition Corp. faces delisting from The Nasdaq Capital Market due to non-compliance with filing requirements and not holding an annual shareholder meeting as per Nasdaq’s Listing Rules. Despite being granted an extension to rectify these issues, the company failed to file overdue financial reports and will be suspended from trading on February 23, 2024. Additionally, significant leadership changes occurred as two directors and top executives, including the CEO and CFO, resigned, with no indication of disagreements over company practices. The company issued a press release addressing these developments.
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