Crown Proptech Acquisitions Announces Receipt Of Notice Of Late Filing From NYSE
Portfolio Pulse from Benzinga Newsdesk
Crown PropTech Acquisitions (CPTK) received a notice from the NYSE for not filing its Q3 Form 10-Q on time. The company has six months from November 20, 2023, to file and regain compliance. Failure to do so may lead to delisting proceedings. CPTK had filed a Form 12b-25 on November 14, 2023, indicating a delay but missed the extended deadline. The company is working to complete the review of its financial statements for accurate disclosure.
November 28, 2023 | 9:21 pm
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Crown PropTech Acquisitions received a notice from NYSE for late filing of its Q3 report, risking non-compliance and potential delisting.
The late filing notice from NYSE puts CPTK at risk of non-compliance, which can lead to delisting. This creates uncertainty for investors and could negatively impact the stock price in the short term as the market reacts to potential governance issues and the risk of delisting.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100