Crown Proptech Acquisitions Stock Price, News & Analysis

Crown PropTech Acquisitions (NYSE: CPTK.U) is a recently established blank check company, also known as a special purpose acquisition company (SPAC). Incorporated as a Cayman Islands exempted company, its primary objective is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or a similar business combination with one or more businesses.

Latest Developments:

On November 21, 2023, Crown PropTech Acquisitions received a notice from the New York Stock Exchange (NYSE) indicating non-compliance with Section 802.01E of the NYSE Listed Company Manual. The non-compliance is due to the company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, with the Securities and Exchange Commission (SEC). The NYSE has granted the company six months from November 20, 2023, to file the Form 10-Q and regain compliance.

Previously, on November 14, 2023, the company filed a Notification of Late Filing on Form 12b-25, indicating the delay in filing the Form 10-Q. Despite significant efforts, the company was unable to finalize its consolidated financial statements and related disclosures in time. Crown PropTech Acquisitions is diligently working towards ensuring accurate disclosures and aims to file the Form 10-Q as promptly as possible.

Forward-Looking Statements:

This description includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than historical facts are forward-looking statements based on management's beliefs and assumptions, and actual results could differ materially.

Contact Information:

Michael Minnick, Co-Chief Executive Officer
Email: mm@crownproptech.com