Springwater Special Situations (SWSS) has shared an update.
Clean Energy Special Situations Corp. is set to delist from Nasdaq after failing to meet listing standards, which includes not filing required financial reports and not paying certain fees. The company’s securities will be suspended from trading on Nasdaq and move to over-the-counter trading. Amid these challenges, the company has announced a non-binding letter of intent to merge with an iGaming technology platform, though the deal is subject to several conditions, including due diligence, negotiation of definitive agreements, and necessary approvals, with no guarantee that it will be completed.
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