Summary not available.
Kismet Acquisition Three Corp. received a Staff Delisting Determination from Nasdaq on November 10, 2022, due to non-compliance with Listing Rule 5250(c)(1) after failing to file its Quarterly Report for the period ending June 30, 2022. Although the determination does not result in immediate trading suspension, the Company must appeal by November 17, 2022, or face delisting on November 21, 2022. The Company has chosen not to appeal the decision, which raises significant concerns about its future on Nasdaq.
Kismet Acquisition Three Corp. received a notice from Nasdaq for delinquency in filing its Quarterly Report on Form 10-Q for the period ending June 30, 2022. The notice indicates non-compliance with Nasdaq Listing Rule 5250(c)(1). The Company has 60 days to submit a plan to regain compliance, with the potential for a 180-day extension if accepted. Previously, the Company acknowledged the delay was due to needing additional time to complete financial statements. The notice does not affect the current listing status on Nasdaq.
Kismet Acquisition Three Corp. received a deficiency letter from Nasdaq for not filing its Quarterly Report on Form 10-Q for the quarter ending March 31, 2021. This delay arose from new SEC guidance affecting SPACs' accounting for warrants. The Company plans to submit a Compliance Plan within 60 days and expects to file the 10-Q promptly. Kismet asserts that this change does not impact its strategy or performance, remaining compliant with all other Nasdaq standards.
Summary not available.
Kismet Acquisition Three Corp. (Nasdaq: KIIIU) has successfully closed its initial public offering (IPO) of 28,750,000 units, priced at $10.00 per unit, raising total gross proceeds of $287,500,000. The units began trading on the Nasdaq on February 18, 2021. Each unit includes one Class A ordinary share and one-third of a redeemable warrant, with the total offering's success attributed to the full exercise of the underwriters’ option. The company aims to pursue acquisitions primarily in the internet and technology sectors, focusing on businesses in Europe, including Russia.