Announcement • Apr 10
The Nasdaq Stock Market to Delist the Class A Common Stock of Atlantic Coastal Acquisition Corp The Nasdaq Stock Market announced on April 08, 2024 that it will delist the Class A Common Stock, unit, and warrants of Atlantic Coastal Acquisition Corp. Atlantic Coastal Acquisition Corp.’s securities were suspended on February 26, 2024, and have not traded on Nasdaq since that time. Announcement • Feb 17
Atlantic Coastal Acquisition Corp. Announces the Resignation of Khash—Erdene Gantumur as Chief Financial Officer On February 14, 2024, Khash—Erdene Gantumur resigned as Chief Financial Officer of Atlantic Coastal Acquisition Corp. Mr. Gantamur’s resignation is effective immediately. Announcement • Feb 16
Atlantic Coastal Acquisition Receives Expected Nasdaq Delisting Determination Atlantic Coastal Acquisition Corp. (the ‘Company’) announced that on February 14, 2024, the Company received a Staff Delisting Determination (the ‘Staff Determination’) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that for the reasons discussed below trading of the Company's common stock will be suspended from The Nasdaq Capital Market at the opening of business on February 23, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the ‘SEC’), which will remove the Company's securities from listing and registration on The Nasdaq Stock Market. On August 17, 2023, and November 20, 2023, Staff notified the Company that it did not comply with Nasdaq's filing requirements set forth in Listing Rule 5250(c)(1) (the ‘Rule’) because it had not filed its Form 10-Q for the period ended June 30, 2023, and its Form 10-Q for the period ended September 30, 2023 (the ‘Delinquent Reports’). Based on its review and the materials submitted by the Company on October 31, 2023, the Staff granted the Company an exception until February 13, 2024, to regain compliance with the Rule. However, the Staff has determined that the Company did not meet the terms of the exception by not filing the Delinquent Report by the February 13, 2024 deadline. The Staff has also determined that since the Company has not yet held an annual meeting of shareholders within twelve months of the end of the Company's fiscal year end, it no longer complies with Nasdaq's Listing Rules (the ‘Rules’) for continued listing. This matter serves as an additional and separate basis for delisting. Although the Company may request a hearing regarding the Staff Determination before a Nasdaq Hearings Panel and seek a further stay of the delisting action pending the hearing process and an additional extension period in accordance with the procedures set forth in the Staff Determination, it does not intend to do so. 
