Stemming from SEC Guidance Concerning Balance Sheet Treatment of Warrants, Yucaipa Acquisition Corporation Announces Receipt of NYSE Continued Listing Standard Notice
Yucaipa Acquisition Corporation (NYSE:YAC) (the "Company") today announced that it received a formal notice of non-compliance from the New York Stock Exchange (the "NYSE") relating to the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (the "Form 10-Q") as required under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual.
On April 12, 2021, the staff of the U.S. Securities and Exchange Commission ("SEC") issued "Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies ("SPACs")" (the "Statement"), which clarified guidance for all SP
