NEW
YORK, April 22, 2022 /PRNewswire/ -- Healthcare
AI Acquisition Corp. (Nasdaq: HAIA) (the "Company") today announced
that on April 19, 2021 it received a
deficiency letter from The Nasdaq Stock Market LLC ("Nasdaq")
relating to the Company's failure to timely file its Annual Report
on Form 10-K for the year ended December 31,
2021 (the "Form 10-K") as required under Section 5250(c) of
Nasdaq Rules regarding the Qualification, Listing and Delisting of
Companies (the "Nasdaq Listing Rules").
On April 1, 2022, the Company
filed Notification of Late Filing on Form 12b-25 (the "Form
12b-25"), indicating that the filing of its Form 10-K will be
delayed. Although the Company has dedicated significant resources
to the completion of finalizing its audited consolidated financial
statements and related disclosures for inclusion in the Form 10-K,
the Company was unable to complete and file the Form 10-K prior to
April 15, 2022, the extension period
provided by the Form 12b-25. Additional time was needed by the
Company to complete its review of the financial statements included
in the Form 10-K in order to ensure a complete, accurate Annual
Report. The delay was due primarily to additional information and
investigation needed in relation to the Company's financial
statements to complete the audit.
Under Nasdaq Listing Rule 5810(c)(2)(F)(i), the Company
generally has until 60 calendar days from the date of the
deficiency letter to submit to Nasdaq a plan (the "Compliance
Plan") to regain compliance with the Nasdaq Listing Rules.
On April 21, 2022, the Company
filed the Form 10-K to cure its filing deficiency and regain
compliance with the Nasdaq Listing Rules and notified Nasdaq of the
filing. On April 22, 2021, the
Company received a letter from Nasdaq confirming it regained
compliance with the Nasdaq Listing Rules.
Media Contacts
Zach Kouwe/ Doug Allen
Dukas Linden Public Relations
HAIA@dlpr.com
212-704-7385
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SOURCE Healthcare AI Acquisition Corp.