Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard? Transfer of Listing.
On August 23, 2022, Emerging Markets Horizon Corp. (the "Company") received a
notice (the "Notice") from the Listing Qualifications Department of The Nasdaq
Stock Market LLC ("Nasdaq") notifying the Company that because it is delinquent
in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2022
(the "Form 10-Q"), it was not in compliance with Nasdaq Listing Rule 5250(c)(1)
(the "Listing Rule"). The Listing Rule requires listed companies to timely file
all required periodic financial reports with the Securities and Exchange
Commission.
The Notice stated that the Company has sixty calendar days from the date of the
Notice to submit a plan to regain compliance with the Listing Rule. If Nasdaq
accepts the Company's plan, it has the discretion to grant the Company an
extension of up to 180 calendar days from the due date of the Form 10-Q (or
until February 13, 2023) to regain compliance. The Notice has no immediate
effect on the listing of the Company's securities on Nasdaq.
As previously disclosed in the Company's Notification of Late Filing on Form
12b-25 filed on August 15, 2022, the Company was unable to file the Form 10-Q by
the required due date of August 15, 2022 due to delays in compiling information
required to be included in the Form 10-Q and additional delays in completing the
review of the financial statements included in the Form 10-Q arising from the
Company's historical relationship with VTB. The Company is working diligently to
address these issues and file its Form 10-Q as soon as practicable.
On August 26, 2022, the Company issued a press release disclosing its receipt of
the Notice. A copy of the press release is attached as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed with this Form 8-K:
Exhibit No. Description of Exhibits
99.1 Press release dated August 26, 2022.
1
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses