Board Change • Dec 31
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Co-Executive Chairman & Secretary Bob Daugherty 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. Announcement • Dec 28
Class Acceleration Expects NYSE Will File Form 25 with the SEC on or About December 30, 2022 Class Acceleration Corp. announced that on December 20, 2022, following the stockholders' approval of the Charter Amendments at the Special Meeting, the Board of Directors resolved, in accordance with the Charter Amendments, that the Company wind up its operations and commence liquidation as soon as practicable before December 31, 2022. The Company has (i) notified the New York Stock Exchange (NYSE") of the anticipated redemption (the Redemption") of 100% of the shares of Class A common stock, par value $0.0001 per share, of the Company (the Class A Common Stock"), included as part of the units sold in the IPO, whether such shares were purchased in the IPO or in the secondary market following the IPO (including shares sold pursuant to the underwriters' overallotment option, collectively, the Public Shares") in connection with the Company's implementation of the Charter Amendments and the Trust Amendment and the Board's election to commence liquidation and dissolution of the Company; and (ii) requested that NYSE (A) suspend trading of the Company's shares of Class A Common Stock, warrants to purchase shares of Class A Common Stock (the Warrants") and units, each consisting of one Public Share and one-half of one Redeemable Warrant (the units, together with the Class A Common Stock and the Redeemable Warrants, the Securities") effective before the open on December 30, 2022, and (B) file with the Securities and Exchange Commission (the SEC") a Form 25 Notification of Removal from Listing and/or Registration ("Form 25") to delist and deregister the Securities under Section 12(b) of the Securities Exchange Act of 1934, as amended (the Exchange Act"). As a result, the Securities' last day of trading will be on NYSE will be December 29, 2022. The Company expects that NYSE will file Form 25 with the SEC on or about December 30, 2022. Following that, the Company intends to file a Form 15 Certification and Notice of Termination of Registration with the SEC, requesting that the Company's reporting obligations under Sections 13 and 15(d) of the Exchange Act be terminated with respect to the Securities. Announcement • Aug 17
Class Acceleration Corp. announced delayed 10-Q filing On 08/16/2022, Class Acceleration Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 
