NEW YORK–(BUSINESS WIRE)–Powered Manufacturers (Nasdaq: POW, the “Firm”) introduced as we speak that it has regained compliance with Nasdaq Inventory Market LLC (“Nasdaq”) Itemizing Rule 5250(c)(1) (the “Rule”) after submitting its Quarterly Report on Type 10-Q for the quarter ended March 31, 2021 (the “Type 10-Q”) with the Securities and Change Fee (the “SEC”) on June 3, 2021.
On Could 28, 2021, the Firm acquired a discover from Nasdaq indicating that the Firm was not in compliance with the Rule on account of its failure to well timed file the Type 10-Q with the SEC as required by the Rule.
About Powered Manufacturers
Powered Manufacturers is a newly included clean verify firm, included as a Cayman Islands exempted firm for the aim of effecting a merger, share trade, asset acquisition, share buy, reorganization or comparable enterprise mixture with a number of companies or entities, which we confer with as our preliminary enterprise mixture. Whereas Powered Manufacturers might pursue an preliminary enterprise mixture alternative in any enterprise, business, sector or geographical location, it intends to capitalize on the flexibility of its administration group to establish promising alternatives inside magnificence, wellness and consumer-related industries.
Ahead Wanting Statements
This press launch incorporates statements that represent “forward-looking statements,” together with with respect to the Firm’s seek for an preliminary enterprise mixture. Ahead-looking statements are topic to quite a few situations, lots of that are past the management of the Firm, together with these set forth within the Danger Elements part of the Firm’s registration assertion, as amended once in a while, and prospectus for the Firm’s preliminary public providing filed with the SEC. Copies can be found on the SEC’s web site, www.sec.gov. The Firm undertakes no obligation to replace these statements for revisions or adjustments after the date of this launch, besides as required by regulation.