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CLEAN ENGY SPL SITUTN WTS - SWSSW STOCK NEWS

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Clean Energy Special Situations Corp. (SWSSW) is a company that focuses on providing clean energy solutions and services. The company has faced recent challenges with compliance issues related to Nasdaq's listing standards. Despite these challenges, Clean Energy aims to continue its mission of promoting sustainability through innovative energy technologies and practices.

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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.

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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.

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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.

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Clean Energy Special Situations Corp. received a notice from Nasdaq regarding non-compliance with listing standards due to delayed filing of financial reports. The Company has requested an appeal to prevent suspension of trading.
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Clean Energy Special Situations Corp. (CESSC) received a notification from Nasdaq regarding non-compliance with listing standards due to untimely filing of Quarterly Reports for Q2 and Q3 2023. The company has until February 12, 2024, to file the Q2 report and regain compliance. The Letter has no immediate effect on the listing of CESSC's securities on Nasdaq, but there's no assurance of regaining compliance.
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Clean Energy Special Situations Corp. (Nasdaq: SWSS) received a notice from Nasdaq stating non-compliance with listing standards due to delayed filing of Quarterly Report on Form 10-Q for Q2 2023. The company has 60 days to submit a plan and can regain compliance by filing the report before October 23, 2023. If accepted, an exception of up to 180 days can be granted to regain compliance.
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FAQ

What is the current stock price of CLEAN ENGY SPL SITUTN WTS (SWSSW)?

The current stock price of CLEAN ENGY SPL SITUTN WTS (SWSSW) is $0.01 as of August 27, 2024.

What is Clean Energy Special Situations Corp. (SWSSW) known for?

The company is known for its focus on providing clean energy solutions and services.

What challenges has Clean Energy Special Situations Corp. (SWSSW) recently faced?

The company has faced compliance issues related to Nasdaq's listing standards.

What is Clean Energy Special Situations Corp.'s (SWSSW) mission?

The company's mission is to promote sustainability through innovative energy technologies and practices.

How can I contact Raghunath Kilambi, CEO of Clean Energy Special Situations Corp. (SWSSW)?

You can contact Raghunath Kilambi at rkilambi@kirarv.com.

What recent notifications has Clean Energy Special Situations Corp. (SWSSW) received from Nasdaq?

The company has received notifications regarding non-compliance with Nasdaq's listing standards.

What steps is Clean Energy Special Situations Corp. (SWSSW) taking to address compliance issues?

The company is appealing the Staff's determinations to a Hearings Panel and requesting stays of suspension.

What is the significance of the Form 25-NSE filing mentioned in the news?

The Form 25-NSE filing would remove the company's securities from listing and registration on Nasdaq.

How does Clean Energy Special Situations Corp. (SWSSW) plan to overcome its challenges?

The company aims to continue promoting sustainability through its clean energy initiatives.

What are some recent achievements of Clean Energy Special Situations Corp. (SWSSW)?

While facing challenges, the company continues to strive towards its goal of advancing clean energy technologies.

What are Clean Energy Special Situations Corp.'s (SWSSW) core business operations?

The company's core business involves providing clean energy solutions and services to promote sustainability.
CLEAN ENGY SPL SITUTN WTS

Nasdaq:SWSSW

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