E2open Receives Notification of Regaining NYSE Compliance

Rhea-AI Summary

E2open Parent Holdings, Inc. (NYSE: ETWO) has announced its compliance with NYSE listing requirements after receiving notification on May 5, 2021. This follows a previous non-compliance notice dated April 23, 2021, due to a missed annual report filing linked to its predecessor, CC Neuberger Principal Holdings I, a SPAC. The annual report was finally filed on May 5, 2021, allowing E2open to regain compliance. The company focuses on cloud-based supply chain management solutions to enhance data-driven decision-making.

Positive

• Regained compliance with NYSE listing requirements.
• Filed Annual Report on Form 10-K promptly on May 5, 2021.

Negative

• Initially faced non-compliance due to delayed annual report filing.

E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of 100% cloud-based, mission-critical, end-to-end supply chain management software, today announced that it received notification from the New York Stock Exchange (“NYSE”) that it officially regained compliance with exchange listing requirements.

On April 12, 2021, the Division of Corporate Finance of the Securities and Exchange Commission (“SEC”) issued a “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies,” clarifying the accounting guidance for warrants with terms that are common for special purpose acquisition companies (“SPACs”). The immediacy of the effective date of this new guidance generally resulted in audit firms not consenting to include their audit opinions in SEC filings until the new guidance was evaluated and reflected in an updated filing, which prevented E2open from filing an annual report that complied with SEC and NYSE rules by its extended filing deadline.

E2open received notification on April 23, 2021 from the NYSE of non-compliance due to the missed annual report filing. The annual report in question related to E2open’s predecessor, CC Neuberger Principal Holdings I, a SPAC, reflecting financial information for a fiscal period that ended prior to the business combination that closed on February 4, 2021.

On May 5, 2021, E2open filed the Annual Report on Form 10-K and was notified by the NYSE the same day that it regained compliance with its applicable continued listing requirements.

About E2open

At E2open, we’re creating a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from clients, distribution channels, suppliers, contract manufacturers and logistics partners, our collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply and logistics ecosystems. E2open is changing everything. Demand. Supply. Delivered.^TM Visit www.e2open.com.

E2open, the E2open logo and Harmony are registered trademarks of E2open, LLC, or its affiliates. Demand. Supply. Delivered. is a trademark of E2open, LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210505006177/en/

FAQ

When did E2open regain compliance with NYSE regulations?

E2open regained compliance with NYSE regulations on May 5, 2021.

What caused E2open to be non-compliant with the NYSE?

E2open was non-compliant due to a missed annual report filing related to its predecessor SPAC.

What is the stock symbol for E2open?

The stock symbol for E2open is ETWO.

What was the response from the NYSE regarding E2open's compliance?

The NYSE notified E2open on May 5, 2021, that it had regained compliance with listing requirements.

What financial report did E2open file to regain compliance?

E2open filed the Annual Report on Form 10-K to regain compliance.