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Share Name | Share Symbol | Market | Type |
---|---|---|---|
African Gold Acquisition Corporation | NYSE:AGAC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.69 | 0 | 01:00:00 |
The NYSE has informed the Company that, under the NYSE’s rules, the Company will have six months from the filing due date (January 16, 2023) to file its Form 10-Q with the SEC. The Company can regain compliance with NYSE listing standards during this six month period when the Company files its Form 10-Q with the SEC. During the six month period, the NYSE will closely monitor the status of the Company's late filing and related public disclosures. If the Company fails to file its Form 10-Q within such six month period, the NYSE may, in its sole discretion, allow the Company's units, Class A ordinary shares and warrants to trade for up to an additional six months depending on specific circumstances, as outlined in the rule. If the NYSE determines that an additional six months is not appropriate, suspension and delisting procedures will commence. If the NYSE determines that an additional trading period of up to six months is appropriate and the Company fails to file its Form 10-Q and any subsequent delayed filings by the end of that period, suspension and delisting procedures will generally commence. Regardless of the procedures described above, the NYSE may commence delisting proceedings at any time during the period that is available to complete the filing, if circumstances warrant.
The Company is working diligently to complete its Form 10-Q, which will depend upon the resolution of the matters described above. The Company intends to file the Form 10-Q as soon as practicable to regain compliance with the NYSE continued listing standards. No assurance can be given that the Company will be able to regain compliance with the aforementioned listing requirement or maintain compliance with the other continued listing requirements set forth in the NYSE Listed Company Manual.
The above-described Report on Form 8-K can be accessed at the SEC’s website, at www.sec.gov.
About African Gold Acquisition Corporation
African Gold Acquisition Corporation is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. While the Company may pursue a business combination target in any industry, the Company intends to focus on a target with operations or prospective operations in the gold mining sector. The Company is led by Chairman Robert Hersov, Vice Chairman Brian Hinchcliffe and Chief Executive Officer Christopher Chadwick.
Forward-Looking Statements
The information included in this report regarding changes in executive management, the results of the Company’s internal investigation, the Company’s compliance with its financial reporting obligations and the effects of such matters on the Company’s financial condition and results of operations, compliance with SEC rules and the continued listing requirements of the NYSE includes forward-looking statements that are subject to risks and uncertainties that may cause actual results or circumstances to differ from those expressed or implied by our forward-looking statements. Additional considerations and other important risk factors affecting the Company's business are described in the Company's reports on Forms 10-K and 10-Q and other filings with the SEC. The forward-looking statements in this report speak only as of the date hereof.
Contact: Christopher ChadwickChris.chadwick@africanaxis.co.za
1 Year African Gold Acquisition Chart |
1 Month African Gold Acquisition Chart |
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