Everest Consolidator Acquisition Corporation Receives NYSE Notice Regarding Delayed Form 10-Q Filing
Portfolio Pulse from Benzinga Newsdesk
Everest Consolidator Acquisition Corporation received a notice from the NYSE for not filing its Q3 Form 10-Q on time, violating the Listing Rule. The company has six months to file and regain compliance, with a possible six-month extension. The delay was due to internal resource constraints and issues with the use of restricted funds. The company is working to complete the Form 10-Q and intends to file it as soon as possible.
November 28, 2023 | 9:24 pm
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Everest Consolidator Acquisition Corporation, trading as MNTN, received a non-compliance notice from NYSE due to a delayed Q3 Form 10-Q filing, with six months to rectify the situation.
The non-compliance notice from NYSE is a negative signal to investors, indicating potential internal financial management issues. This could lead to decreased investor confidence and a short-term negative impact on the stock price. However, the company has a window to rectify the situation, which may mitigate long-term effects.
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IMPORTANCE 75
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