お知らせ • Dec 23
INSU Acquisition Corp. III(NasdaqCM:IIII) dropped from NASDAQ Composite Index INSU Acquisition Corp. III has been removed from NASDAQ Composite Index. お知らせ • Nov 21
INSU Acquisition Corp. III Expects to File A Form 15 with the United States Securities and Exchange Commission to Terminate the Registration of Its Securities INSU Acquisition Corp. III announced that, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (the “Charter”), the Company intends to dissolve and liquidate in accordance with the provisions of the Charter, effective as of the close of business on December 22, 2022, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the “Public Shares”), at a per-share redemption price of approximately $10.09. As of the close of business on December 22, 2022, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. In order to provide for the disbursement of funds from the trust account, the Company will instruct the trustee of the trust account to take all necessary actions to liquidate the securities held in the trust account. The proceeds of the trust account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares. Record holders will receive their pro rata portion of the proceeds of the trust account, less $100,000 of interest to pay dissolution expenses and net of taxes payable, by delivering their Public Shares to Continental Stock Transfer & Trust Company, the Company’s transfer agent. Beneficial owners of Public Shares held in “street name,” however, will not need to take any action in order to receive the redemption amount. The redemption of the Public Shares is expected to be completed within ten business days after December 22, 2022. The Company’s sponsors have agreed to waive their redemption rights with respect to their outstanding shares of Class B common stock issued prior to the Company’s initial public offering. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless. The Company expects that the Nasdaq Stock Market LLC will file a Form 25 with the United States Securities and Exchange Commission (the “Commission”) to delist the Company’s securities. The Company thereafter expects to file a Form 15 with the Commission to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended. The Company anticipates that the Public Shares, as well as the Company’s publicly traded units and warrants, will cease trading as of the close of business on December 21, 2022. お知らせ • Apr 09
INSU Acquisition Corp. III announced that it has received $1.5 million in funding from Insurance Acquisition Sponsor III, LLC, Cohen & Company, LLC, Dioptra Advisors III, LLC On April 8, 2022, INSU Acquisition Corp. III closed the transaction. The company amended the terms of the transaction. The company received $1,500,000 in the transaction with $690,000 in its second and final tranche. お知らせ • Jun 05
INSU Acquisition Corp. III Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q INSU Acquisition Corp. III announced that on May 28, 2021 it received a notice from Nasdaq Regulation indicating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the period ended March 31, 2021 (the “Form 10-Q”), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission (the “SEC”). The Nasdaq notice has no immediate effect on the listing or trading of the Company’s units, Class A common stock or warrants on the Nasdaq Capital Market. The Notice provides that the Company must submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) by July 26, 2021. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Form 10-Q, or November 22, 2021, to regain compliance. As the Company reported in its Form 12b-25 filed with the SEC on May 18, 2021, the Company is working diligently with its auditors and an independent valuation expert to evaluate the impact on the Company’s financial statements of the Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”) issued by the staff of the SEC on April 12, 2021. After this evaluation, the Company may be required to file an amendment to its Annual Report on Form 10-K for the period ended December 31, 2020. Until the Company determines whether or not it is required to file an amendment to its Annual Report on Form 10-K for the period ended December 31, 2020, subsequently files such amendment, and completes the process for valuing the Company’s warrants at March 31, 2021, the Company will not be in a position to file the Form 10-Q. お知らせ • May 19
INSU Acquisition Corp. III announced delayed 10-Q filing On 05/18/2021, INSU Acquisition Corp. III announced that they will be unable to file their next 10-Q by the deadline required by the SEC.