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Fortistar Sustainable Solutions Corp. (Nasdaq: FSSI) received a notice from Nasdaq on May 28, 2021, regarding non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Form 10-Q for the quarter ended March 31, 2021. The notice does not affect the trading status of the company's securities; FSSI has 60 days to submit a compliance plan. Nasdaq may grant an extension of up to 180 days if the plan is accepted. The company is evaluating the accounting implications of its warrants based on recent SEC guidance.
Fortistar Sustainable Solutions Corp. announced the pricing of its initial public offering (IPO) of 22,500,000 units at $10.00 each. The units will trade on NASDAQ under the symbol 'FSSIU' starting January 27, 2021. Each unit includes one share of Class A common stock and one-half of a redeemable warrant, with each whole warrant allowing the purchase of an additional share at $11.50. Credit Suisse and BofA Securities are the underwriters, with a 45-day option for an additional 3,375,000 units to cover over-allotments. The SEC has declared the offering effective as of January 26, 2021.
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