Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
The Notice states that the Company has 60 calendar days to submit to Nasdaq a
plan to regain compliance with the Nasdaq Listing Rules. If Nasdaq accepts the
Company's plan, then Nasdaq may grant the Company up to 180 calendar days from
the prescribed due date for filing the Form 10-K or until
The Company requires additional time to prepare, review and finalize its financial statements, and its auditors have not completed their audit of the financial statements. The Company is continuing in its efforts to file the Form 10-K as soon as reasonably practicable.
The Notice has no immediate impact on the listing of the Company's Class A common stock, which will continue to trade on Nasdaq under the symbol "RFAC."
As required under Nasdaq Listing Rule 5250(b)(2), the Company issued a press
release on
Forward-Looking Statements
This Form 8-K contains forward-looking statements, including statements about the financial condition, results of operations, earnings outlook and prospects of the Company. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
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The forward-looking statements are based on the current expectations of the
Company's management and are inherently subject to uncertainties and changes in
circumstances and their potential effects and speak only as of the date of such
statement. There can be no assurance that future developments will be those that
have been anticipated. These forward-looking statements involve a number of
risks, uncertainties or other assumptions that may cause actual results or
performance to be materially different from those expressed or implied by these
forward-looking statements. These risks and uncertainties include, but are not
limited to, those discussed and identified in public filings made with the
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is filed herewith:
Exhibit No. Description of Exhibits 99.1 Company Press Release, datedApril 25, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
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