Trident Acquisitions (NASDAQ: TDAC, TDACU, TDACW) announced that it had received a standard notice last month from the listing qualifications staff of the Nasdaq Stock Market LLC. The notice stated that TDAC is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires companies to file all required periodic financial reports with the Securities Exchange Commission (“SEC”) in a timely manner. TDAC was notified that the company hadn’t filed its quarterly report for the period ending March 31, 2021. The company also noted that in April, the SEC issued a statement providing guidance for all SPAC-related companies regarding the accounting and reporting for their warrants. As a result, a number of SPACs are in the process of re-evaluating their accounting treatments for their warrants with auditors and other advisors; TDAC is one of these companies. The company noted it has at least 60 calendar days from the date of the notice to file its quarterly report. TDAC is actively working to file the required report as soon as possible.
To view the full press release, visit https://ibn.fm/Nqcfp
About Trident Acquisitions Corp.
Trident is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Trident’s securities are quoted on the NASDAQ stock exchange under the ticker symbols TDACU, TDAC and TDACW. For more information about the company, please visit www.TridentAcquisitions.com.
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php