Alberton Acquisition Corporation Receives NASDAQ Notice on Late Filing of its Form 10-Q
11 Junio 2021 - 4:00PM
Alberton Acquisition Corporation (NASDAQ: ALAC, the
“
Company”) today announced that it has received a notice
from the NASDAQ Stock Market on June 9, 2021 notifying the Company
that, because its Form 10-Q for the period ended March 31, 2021
(the "
2021 10-Q") was not filed with the Securities and
Exchange Commission by the required due date of May 17, 2021, the
Company is therefore not in compliance with the periodic filing
requirements for continued listing set forth in NASDAQ Listing Rule
5250(c)(1).
This Notice received has no immediate effect on
the listing or trading of the Company's shares. Nasdaq has provided
the Company with 60 calendar days, until August 9, 2021 to submit a
plan to regain compliance. If Nasdaq accepts the Company's plan,
then Nasdaq may grant the Company up to 180 days from the
prescribed due date for the filing of the 2021 10-Q, or November
22, 2021, to regain compliance.
The Company expects and intends to submit to
NASDAQ the compliance plan by August 9, 2021.
This announcement is made in compliance with
Nasdaq Listing Rule 5810(b), which requires prompt disclosure of
receipt of a deficiency notification.
About Alberton
Alberton is a British Virgin Islands blank check
company, also commonly referred to as a Special Purpose Acquisition
Company, or SPAC, formed for the purpose of effecting a merger,
asset acquisition or other business combination with one or more
businesses or entities. Alberton’s units, ordinary shares and
warrants are currently listed on the Nasdaq Capital Market under
the symbols “ALACU,” “ALAC” and “ALACW, respectively.
About SolarMax
SolarMax, a Nevada corporation, is an integrated
solar energy company. Its principal executive offices are located
at 3080 12th Street, Riverside, California 92507. SolarMax’ website
is http://www.solarmaxtech.com. Any information contained on, or
that can be accessed through, SolarMax’ website or any other
website is not a part of this press release.
Additional Information about the Proposed
Business Combination and Where to Find It
Alberton filed with the SEC a registration
statement on Form S-4 (file no. 333-251825) with a proxy statement
containing information about the proposed business combination and
the respective businesses of Alberton and SolarMax Technology,
Inc., a Nevada corporation (“SolarMax”) initially filed on
December 30, 2020, and amended on February 10, 2021, and may be
amended from time to time. Alberton will mail a final prospectus
and definitive proxy statement and other relevant documents after
the SEC completes its review. Alberton and SolarMax shareholders
are urged to read the preliminary prospectus and proxy statement
and any amendments thereto and the final prospectus and definitive
proxy statement in connection with the solicitation of proxies for
the special meetings to be held to approve the proposed
transaction, because these documents will contain important
information about Alberton, SolarMax and the proposed transaction.
The final prospectus and definitive proxy statement will be mailed
to shareholders of Alberton and SolarMax as of a record date to be
established for voting on the proposed transaction. Shareholders
will also be able to obtain a free copy of the proxy statement, as
well as other filings containing information about Alberton without
charge, at the SEC’s website (www.sec.gov) or by calling
1-800-SEC-0330. Copies of the proxy statement and other filings
with the SEC can also be obtained, without charge, by directing a
request to: Alberton Acquisition Corporation, Room 1001, 10/F,
Capital Center, 151 Gloucester Road, Wanchai, Hong Kong.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking
statements" that involve risks and uncertainties that could cause
actual results to differ materially from what is expected. Words
such as "expects", "believes", "anticipates", "intends",
"estimates", "seeks", "may", "might", "plan", "possible", "should"
and variations and similar words and expressions are intended to
identify such forward-looking statements, but the absence of these
words does not mean that a statement is not forward-looking. Such
forward-looking statements relate to future events or future
results, based on currently available information and reflect
Alberton management's current beliefs. A number of factors could
cause actual events or results to differ materially from the events
and results discussed in the forward-looking statements. In
addition, please refer to the”Cautionary Note Regarding
Forward-Looking Statements,” “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” sections of Alberton’s Form S-4, its Annual Reports on
Form 10-K, its Quarterly Reports on Form 10-Q for additional
information identifying important factors that could cause actual
results to differ materially from those anticipated in the forward
looking statements. Except as expressly required by applicable
securities law, Alberton disclaims any intention or obligation to
update or revise any forward looking statements whether as a result
of new information, future events or otherwise.
Company
Contact: |
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Gateway Group, Inc. |
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ALAC@gatewayir.com |
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