Banking & Finance  May 28, 2021

Six Gores Group SPACs in Boulder issued delisting warnings

BOULDER — The six special purpose acquisition companies operated by the Los Angeles-based private-equity firm Gores Group have received delisting warnings from the Nasdaq Capital Market after failing to make regular filings on time.

All of the delisting notices were disclosed to the U.S. Securities and Exchange Commission on Thursday and are virtually identical in saying that the SPACs received the notice because they did not file quarterly reports on time.

Each SPAC’s disclosure said it was unable to make the quarterly filings because the SEC issued a statement in April that requires SPACs to list warrants purchased during an initial…

Related Posts

Sign up for BizWest Daily Alerts
Closing in 8 seconds...