NEW YORK, NEW YORK, April 22, 2022 (Globe NEWSWIRE) — Springwater Special Predicaments Corp. SWSS (“Springwater” or the “Corporation”), a blank verify firm formed for the function of effecting a merger, stock trade, asset acquisition, inventory order, reorganization or equivalent organization mixture with just one or a lot more organizations or entities, announced that on April 19, 2022, it obtained a letter from the Listing Skills Office of the Nasdaq Inventory Sector (“NASDAQ”) advising the Enterprise that the Corporation did not comply with NASDAQ’s Listing Rule 5250(c)(1) for ongoing listing for the reason that NASDAQ experienced not obtained the Company’s Once-a-year Report on Form 10-K for the fiscal year finished December 31, 2021 (the “Type 10-K”). NASDAQ experienced knowledgeable the Corporation that it had until June 18, 2022 to post a system to get back compliance with respect to this delinquent report. If NASDAQ had approved the Company’s approach, it would have had the discretion to grant the Organization an extension of up to 180 calendar times from the due date of the Sort 10-K (or right up until October 12, 2022) to get back compliance.
On April 21, 2022, the Organization filed the Sort 10-K with the Securities and Trade Commission and on April 22, 2022 was notified by NASDAQ that it experienced regained compliance with NASDAQ’s listing policies as a outcome thereof.
About Springwater Special Cases Corp.
Springwater Unique Situations Corp. is a blank test business fashioned for the purpose of effecting a merger, stock exchange, asset acquisition, stock buy, reorganization or similar organization mixture with 1 or more firms or entities.
Ahead Looking Statements
This push release incorporates specific “forward-hunting” statements, as that term is outlined less than the federal securities legislation. Ahead-hunting statements incorporate, amid other people, statements about the Company’s plans to restate its consolidated economical statements and amend prior SEC filings, the timing of these kinds of restatement, and the restatement’s result on the Firm’s prior consolidated money statements. These statements are frequently, but not always, produced by way of the use of phrases or phrases this kind of as “might,” “will,” “anticipate,” “estimate,” “plan,” “undertaking,” “continuing,” “ongoing,” “hope,” “believe that,” “intend,” “predict,” “prospective,” “option,” and equivalent phrases or phrases or the negatives of these phrases or phrases. These forward-seeking statements are based mostly on the Firm’s existing assumptions, anticipations, and beliefs and are subject matter to considerable challenges, estimates, assumptions, uncertainties, and improvements in instances that could bring about actual outcomes, performance, or achievements to differ materially from people expressed or implied in any forward-hunting statement. You should refer to the danger things contained in the Firm’s SEC filings for added info. Mainly because the risks, estimates, assumptions and uncertainties referred to above could bring about real effects or outcomes to differ materially from individuals expressed in any forward-looking statements, you must not put undue reliance on any forward-seeking statements. Any ahead-looking assertion speaks only as of the date hereof, and, other than as essential by regulation, the Firm assumes no obligation and does not intend to update any forward-seeking statement to mirror situations or instances immediately after the day hereof.
Martin Gruschka, CEO