Bull Horn Holdings Corp. Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q
28 Mayo 2021 - 3:50PM
Business Wire
Bull Horn Holdings Corp. (NASDAQ: BHSE) (the “Company”) today
announced that it has received a notice (“Notice”) from the Listing
Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) as
a result of its failure to file its Quarterly Report on Form 10-Q
for the quarter ended March 31, 2021 (the “Form 10-Q”) in a timely
fashion. The Notice advised the Company that it was not in
compliance with Nasdaq’s continued listing requirements under the
timely filing criteria established in Nasdaq Listing Rule
5250(c)(1).
As reported by the Company in its Form 12b-25 filed with the
Securities and Exchange Commission (the “SEC”) on May 17, 2021, the
Company was unable to file its Form 10-Q within the prescribed time
period without unreasonable effort or expense due to the Company’s
conclusion (based on recently issued SEC guidance) that its
outstanding public and private warrants should be accounted for as
a liability and the resulting additional time required for updating
the Company’s financial statements accordingly. The extension
period provided for filing the Form 10-Q under Rule 12b-25 expired
on May 24, 2021.
The Notice has no immediate effect on the listing or trading of
the Company’s securities.
Nasdaq has informed the Company that, under Nasdaq rules, the
Company will have 60 calendar days from the date of the Notice (May
28, 2021) to file its Form 10-Q with the SEC. The Company can
regain compliance with Nasdaq listing standards during this
sixty-day period when the Company files its Form 10-Q with the SEC.
During the sixty-day period, Nasdaq will closely monitor the status
of the Company's late filing and related public disclosures. If the
Company fails to file its Form 10-Q within such sixty-day period,
Nasdaq may, in its sole discretion, allow the Company's units,
ordinary shares and warrants to trade for up to 180 days from the
Form 10-Q’s filing due date, or November 22, 2021 (an “Additional
Period”), depending on specific circumstances, as outlined in the
rule. If Nasdaq determines that an Additional Period is not
appropriate, suspension and delisting procedures will commence
pursuant to the Nasdaq Listing Rules. If Nasdaq determines that an
Additional Period is appropriate and the Company fails to file its
Form 10-Q and any subsequent delayed filings by the end of that
period, suspension and delisting procedures will generally
commence. Regardless of the procedures described above, Nasdaq may
commence delisting proceedings at any time during the period that
is available to complete the filing, if circumstances warrant.
The Company is working diligently to complete its Form 10-Q. The
Company intends to file the Form 10-Q as soon as practicable to
regain compliance with the Nasdaq Listing Rules. No assurance can
be given that the Company will be able to regain compliance with
the Nasdaq timely filing listing requirement.
About Bull Horn Holdings Corp.
Bull Horn Holdings Corp. is a blank check company formed for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any business or
industry, the Company intends to focus on leading sports,
entertainment and brand companies that have potential for brand and
commercial growth. The Company is led by Chief Executive Officer,
Robert Striar, and Chief Financial Officer, Christopher Calise. In
addition to Messrs. Striar and Calise, the Board of Directors
includes Stephen Master, Michael Gandler, Jeff Wattenberg, Doug
Schaer and Baron Davis.
Cautionary Note Regarding Forward-Looking Statements
This press release may include, and oral statements made from
time to time by representatives of the Company may include,
“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. Statements regarding
possible business combinations and the financing thereof, and
related matters, as well as all other statements other than
statements of historical fact included in this press release are
forward-looking statements. When used in this press release, words
such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company’s management.
Actual results (including the results of the Company’s efforts to
comply with Nasdaq listing standards as described herein) could
differ materially from those contemplated by the forward-looking
statements as a result of certain factors detailed in the Company’s
filings with the Securities and Exchange Commission (“SEC”). All
subsequent written or oral forward-looking statements attributable
to us or persons acting on our behalf are qualified in their
entirety by this paragraph. Forward-looking statements are subject
to numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and prospectus for the
Company’s initial public offering filed with the SEC. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210528005486/en/
Robert Striar Chief Executive Officer Bull Horn Holdings Corp.
info@bullhornse.com
Bull Horn (NASDAQ:BHSE)
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