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Kismet Acquisition Two Corp. received a deficiency letter from Nasdaq on May 28, 2021, for failing to timely file its Quarterly Report on Form 10-Q for the quarter ending March 31, 2021. This delay was due to recent SEC guidance on SPAC warrants, prompting a reevaluation of accounting practices. Kismet aims to file its Form 10-Q before the 60-day compliance deadline and believes this issue will not impact its strategy or financial performance. The company remains compliant with Nasdaq's other listing standards.
Kismet Acquisition Two Corp. (Nasdaq: KAIIU) successfully closed its initial public offering, raising $230 million from the sale of 23 million units priced at $10 each. The units started trading on February 18, 2021, and consist of one Class A ordinary share and one-third of a redeemable warrant. Each whole warrant allows the purchase of one Class A ordinary share at $11.50. The Company is a SPAC focused on potential acquisitions in the internet and technology sectors primarily in Europe, including Russia.
Kismet Acquisition Two Corp. announced the pricing of its initial public offering (IPO) of 20,000,000 units at $10.00 per unit, with trading set to begin on the Nasdaq Capital Market under the ticker symbol KAIIU on February 18, 2021. Each unit comprises one Class A ordinary share and one-third of a redeemable warrant. The offering is led by Citigroup, Credit Suisse, and BofA Securities, with an option for underwriters to purchase an additional 3,000,000 units. The offering closes on February 22, 2021, subject to conditions.
