Welcome to our dedicated page for Bite Acquisition Units, each consisting of one share of news (Ticker: BITE.U), a resource for investors and traders seeking the latest updates and insights on Bite Acquisition Units, each consisting of one share of stock.
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Bite Acquisition Corp. (NYSE: BITE.U) has received a formal notice of non-compliance from the NYSE due to its failure to timely file the Quarterly Report on Form 10-Q for the quarter ending March 31, 2021. The delay is attributed to new SEC guidance affecting the accounting treatment of warrants issued by SPACs. The company aims to file the Form 10-Q by June 3, 2021, and confirms compliance with all other NYSE listing requirements. This development underscores the challenges faced by SPACs in adapting to evolving regulatory standards.
Bite Acquisition Corp. announced that starting April 5, 2021, holders of units from its IPO can trade shares of common stock and warrants separately. The units will continue trading under the symbol BITE.U, while the common stock and warrants will trade under BITE and BITE WS, respectively. To separate the units, brokers must contact Continental Stock Transfer & Trust Company. The registration statements for these securities became effective on February 11, 2021. The company is a SPAC focusing on potential mergers in the restaurant sector.
