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Clean Energy Special Situations Corp. (SWSS) is a dynamic company dedicated to advancing clean energy initiatives. The company focuses on identifying and investing in unique opportunities within the clean energy sector, leveraging its expertise to create sustainable and economically viable solutions.
The company has faced some regulatory challenges recently. On February 14, 2024, Clean Energy Special Situations Corp. received a formal notice from Nasdaq for not complying with continued listing standards due to delays in filing its Quarterly Report for Q3 2023. The company has requested an appeal to address this issue and is working towards regaining compliance. Additionally, on April 23, 2024, the company received another notification from Nasdaq regarding unpaid fees and a delayed Annual Report for 2023. Despite these challenges, the company remains committed to resolving these issues and continuing its operations.
On May 23, 2024, the company received a further notification regarding the delinquency in filing its Q1 2024 report, which adds another layer to its compliance efforts. The leadership, under CEO Raghunath Kilambi, is actively engaged in addressing these regulatory hurdles and ensuring the company's stability and growth.
Clean Energy Special Situations Corp. is also working on various projects aimed at promoting clean energy and reducing the global carbon footprint. The company's strategic investments and partnerships are designed to capitalize on emerging technologies and trends in the clean energy market. By focusing on innovation and sustainability, Clean Energy Special Situations Corp. aims to make a significant impact in the clean energy landscape.
As the company navigates its current challenges, it continues to prioritize transparency and compliance, keeping its stakeholders informed about its progress and developments. The commitment to clean energy solutions remains at the core of its operations, driving the company forward in the competitive and evolving energy sector.
Clean Energy Special Situations Corp. (SWSS), a publicly traded SPAC, announced a non-binding letter of intent for a business combination with a leading B2B iGaming technology platform company. The target company provides technology solutions for global iGaming operators, including sportsbook, casino games, poker, lottery, and fantasy offerings. In 2023, the target recorded unaudited revenues exceeding 70 million euros and is anticipating significant growth in 2024 and 2025. The target's equity holders will roll 100% of their equity into the combined public company. The definitive merger agreement is expected by early Q3 2024, subject to due diligence, negotiation, and approval by both companies' boards and stockholders. Completion of the transaction is not guaranteed.
Clean Energy Special Situations Corp. announced on May 29, 2024, that it received a notification from Nasdaq regarding the suspension of its securities' trading. The company failed to file its Form 10-Q for Q1 2024 by March 31, 2024, adding to previous delinquencies, including non-payment of fees and failure to file its Annual Report for 2023. The company has a hearing scheduled on June 11, 2024, to appeal Nasdaq's decision. However, there are no assurances that the appeal will be successful or that the company will meet compliance within any extension period if granted.
Clean Energy Special Situations Corp. received a notice from Nasdaq regarding the suspension of trading of securities due to non-compliance with listing standards and failure to file the 2023 Form 10-K. The Company plans to appeal the decision before a Nasdaq Hearings Panel to prevent delisting.
Springwater Special Situations Corp. (NASDAQ: SWSS) announced on April 22, 2022, that it has regained compliance with NASDAQ's listing rules after filing its delayed Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The filing occurred on April 21, 2022, after receiving a notification from NASDAQ regarding the non-compliance. The Company was given until June 18, 2022, to submit a plan to regain compliance, but it completed its filing ahead of schedule, thus avoiding any penalties and maintaining its listing status.
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