UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): April 25, 2022 (
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Item 3.01. | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On April 19, 2022, Itiquira Acquisition Corp. (the “Company”) received a letter (the “Nasdaq Letter”) from the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it had violated Nasdaq Listing Rule 5250(c)(1) because the Company had not yet filed its Annual Report on Form 10-K for the period ended December 31, 2021 (the “2021 Annual Report”) with the Securities and Exchange Commission (the “SEC”). As previously disclosed on March 31, 2022 on Form 12b-25, the 2021 Annual Report could not be filed by its March 31, 2022 deadline without unreasonable effort and expense because the Company’s auditor was in the process of completing the audit of the financial statements.
In its letter, Nasdaq stated that the Company had until June 20, 2022 to submit a plan to regain compliance. If Nasdaq accepted the Company’s plan, it could then grant an exception of up to 180 calendar days from the Annual Report’s due date, or until October 12, 2022, to regain compliance. If Nasdaq did not accept the Company’s plan, the Company would have had the opportunity to appeal that decision to a Nasdaq Hearings Panel and to request a further stay pending the appeal. Nasdaq’s letter has had no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market.
The Company is actively working with its auditors and advisors, and intends to file its 2021 Annual Report as soon as possible to regain compliance.
On April 25, 2022, the Company issued a press release regarding receipt of the Nasdaq Letter. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit No. | Title |
99.1 | Press Release, dated April 25, 2022. |
104 | Cover Page Interactive Data File-the cover page XBRL tags are embedded within the Inline XBRL document. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: April 25, 2022
ITIQUIRA ACQUISITION CORP. | |||
By: | /s/ Paulo Carvalho de Gouvea | ||
Name: | Paulo Carvalho de Gouvea | ||
Title: | Chief Executive Officer and Chairman |