공시 • Jul 14
Nasdaq to File A Form 25 with the SEC to Delist the Sustainable Development Acquisition I's Securities Sustainable Development Acquisition I Corp. announced that the directors of the Company (the “Directors”) have determined to dissolve and liquidate the Company in accordance with the provisions of the Company’s Amended and Restated Certificate of Incorporation (as further amended on February 2, 2023), and the Investment Management Trust Agreement, between the Company and Continental Stock Transfer & Trust Company (“CST” or the “Trustee”), dated as of February 4, 2021 (Trust Agreement). Accordingly, the Company will redeem all of its Class A Common Stock, $0.0001 par value (the “Public Shares”) that were issued in its initial public offering (IPO), at a per-share redemption price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account (as defined in the Trust Agreement), including interest earned on the funds held in the Trust Account and not previously released to the Company to pay taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares in issue, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any). The Company expects that Nasdaq will file a Form 25 with the United States Securities and Exchange Commission (the “SEC”) to delist the Company’s securities. The Company thereafter expects to file a Form 15 with the SEC to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended. 공시 • Jun 21
Sustainable Development Acquisition I Receives Notification Letter from Nasdaq Regarding Non-Compliance with the Minimum Market Value of Listed Securities On June 15, 2023, Sustainable Development Acquisition I Corp. received a notification letter (the ‘Notification Letter’) from The Nasdaq Stock Market, LLC (‘Nasdaq’) that it is not in compliance with the minimum Market Value of Listed Securities (the ‘MVLS’) set in Nasdaq Listing Rule 5450(b)(2) for continued listing on Nasdaq. Nasdaq Listing Rule 5550(b)(2) requires listed securities to maintain a MVLS of $35,000,000, and Nasdaq Listing Rule 5810(c)(3)(c) provides that a failure to meet the minimum MVLS requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the MVLS of the Company’s common stock between May 1, 2023 and June 14, 2023, the Company no longer meets the minimum MVLS requirement. The Notification Letter is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities. The Notification Letter provides that the Company has 180 calendar days, or until December 12, 2023, to regain compliance with the MVLS requirement (the ‘Compliance Period’). The Company’s securities will continue to trade on Nasdaq during the Compliance Period. To regain compliance, the minimum MVLS price of the Company’s common stock must close at or above $35,000,000 for a minimum of ten consecutive business days during the Compliance Period. If the Company does not regain compliance by December 12, 2023, it will receive written notice from Nasdaq that its securities are subject to delisting. At that time, the Company may appeal the delisting determination to a Hearings Panel in accordance with Nasdaq Listing Rule 5815. The Company intends to monitor the minimum MVLS price requirement of its common stock and may, if appropriate, consider implementing available options to regain compliance with the MVLS requirement. While the Company is exercising diligent efforts to maintain the listing of its common stock on The Nasdaq Capital Market, there can be no assurance that the Company will be able to regain or maintain compliance with the MVLS requirement. 공시 • May 16
Sustainable Development Acquisition I Corp. announced delayed 10-Q filing On 05/15/2023, Sustainable Development Acquisition I Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Dec 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chairman of the Board Rob Schultz is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • Dec 22
Sustainable Development Acquisition I Corp. announced that it has received $0.55 million in funding from Sustainable Development Sponsor, LLC Sustainable Development Acquisition I Corp. announced a private placement of an unsecured promissory note in the principal amount of up to $550,000 on December 21, 2022. The transaction included participation from returning investor Sustainable Development Sponsor, LLC. The note does not bear interest and is repayable in full upon consummation of the company’s initial business combination. The note is convertible into warrants at a price of $1 per warrant. 공시 • Dec 15
Sustainable Development Acquisition I Corp., Annual General Meeting, Dec 28, 2022 Sustainable Development Acquisition I Corp., Annual General Meeting, Dec 28, 2022, at 15:00 Eastern Daylight. Agenda: To consider the nomination and election of five directors to the Board, to serve until the 2024 Annual Meeting of Stockholders or until their successors are duly elected and qualified; and to discuss other matters. 공시 • Aug 16
Sustainable Development Acquisition I Corp. announced delayed 10-Q filing On 08/15/2022, Sustainable Development Acquisition I Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • May 18
Sustainable Development Acquisition I Corp. announced delayed 10-Q filing On 05/17/2022, Sustainable Development Acquisition I Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Apr 26
Sustainable Development Acquisition I Corp. Receives Noncompliance Notice and Regained Compliance Notice Regarding Late Form 10-K Filing from Nasdaq Sustainable Development Acquisition I Corp. announces that on April 19, 2022, as a result of its failure to timely file with the Securities and Exchange Commission ("SEC") its Annual Report on Form 10-K for the year ended December 31, 2021 (the "Form 10-K"), it received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company was not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1). Nasdaq's listing rules provide the Company with 60 calendar days from the date of the notice to submit a plan to regain compliance. The Nasdaq notice has no immediate effect on the listing or trading of the Company's securities on Nasdaq. As previously disclosed by the Company in its Form 12b-25 filed with the SEC on March 31, 2022, the Company was unable to file its Form 10-K by its original deadline without unreasonable effort or expense. The Company fully regained compliance with the Nasdaq continued listing requirements as a result of filing the Form 10-K on April 22, 2022, which eliminated the need for the Company to submit a formal plan to regain compliance. 공시 • Apr 01
Sustainable Development Acquisition I Corp. announced delayed annual 10-K filing On 03/31/2022, Sustainable Development Acquisition I Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. 공시 • Dec 05
Sustainable Development Acquisition I Corp. Receives Non-Compliance Notice and Regained Compliance Notice Regarding Late Form 10-Q Filing from Nasdaq Sustainable Development Acquisition I Corp. announced that on December 1, 2021, as a result of its failure to timely file with the Securities and Exchange Commission ("SEC") its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2021 (the "Form 10-Q"), it received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company was not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1). Nasdaq's listing rules provide the Company with 60 calendar days from the date of the notice to submit a plan to regain compliance. The Nasdaq notice has no immediate effect on the listing or trading of the Company's securities on Nasdaq. As previously disclosed by the Company in its Form 12b-25 filed with the SEC on November 15, 2021, the Company was unable to file its Form 10-Q by its original deadline without unreasonable effort or expense. The Company fully regained compliance with the Nasdaq continued listing requirements as a result of filing the Form 10-Q on November 30, 2021, which eliminated the need for the Company to submit a formal plan to regain compliance. On December 1, 2021, the Company received a Notice from Nasdaq confirming that the Company had regained compliance with Nasdaq Listing Rule 5250(c)(1) and that the matter was closed. 공시 • Aug 17
Sustainable Development Acquisition I Corp. announced delayed 10-Q filing On 08/16/2021, Sustainable Development Acquisition I Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • May 18
Sustainable Development Acquisition I Corp. announced delayed 10-Q filing On 05/17/2021, Sustainable Development Acquisition I Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.