Welcome to our dedicated page for Clean Energy news (Ticker: SWSS), a resource for investors and traders seeking the latest updates and insights on Clean Energy stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Clean Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Clean Energy's position in the market.
Clean Energy Special Situations Corp. (SWSS), a publicly traded SPAC, announced a non-binding letter of intent for a business combination with a leading B2B iGaming technology platform company. The target company provides technology solutions for global iGaming operators, including sportsbook, casino games, poker, lottery, and fantasy offerings. In 2023, the target recorded unaudited revenues exceeding 70 million euros and is anticipating significant growth in 2024 and 2025. The target's equity holders will roll 100% of their equity into the combined public company. The definitive merger agreement is expected by early Q3 2024, subject to due diligence, negotiation, and approval by both companies' boards and stockholders. Completion of the transaction is not guaranteed.
Clean Energy Special Situations Corp. announced on May 29, 2024, that it received a notification from Nasdaq regarding the suspension of its securities' trading. The company failed to file its Form 10-Q for Q1 2024 by March 31, 2024, adding to previous delinquencies, including non-payment of fees and failure to file its Annual Report for 2023. The company has a hearing scheduled on June 11, 2024, to appeal Nasdaq's decision. However, there are no assurances that the appeal will be successful or that the company will meet compliance within any extension period if granted.
Clean Energy Special Situations Corp. received a notice from Nasdaq regarding the suspension of trading of securities due to non-compliance with listing standards and failure to file the 2023 Form 10-K. The Company plans to appeal the decision before a Nasdaq Hearings Panel to prevent delisting.
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Springwater Special Situations Corp. (NASDAQ: SWSS) announced on April 22, 2022, that it has regained compliance with NASDAQ's listing rules after filing its delayed Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The filing occurred on April 21, 2022, after receiving a notification from NASDAQ regarding the non-compliance. The Company was given until June 18, 2022, to submit a plan to regain compliance, but it completed its filing ahead of schedule, thus avoiding any penalties and maintaining its listing status.
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