Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
May 18 2021 - 6:07AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): ☐ Form 10-K ☐ Form 20-F ☐ Form
11-K ☒ Form 10-Q ☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR
For Period Ended: March
31, 2021
☐ Transition Report
on Form 10-K
☐ Transition Report
on Form 20-F
☐ Transition Report
on Form 11-K
☐ Transition Report
on Form 10-Q
For the Transition Period Ended:
Read Instruction (on back
page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply
that the Commission has verified any information contained herein.
|
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
PART I-REGISTRANT INFORMATION
Authentic Equity Acquisition Corp.
|
Full name of Registrant
|
|
N/A
|
Former name if Applicable
|
|
32 Elm Place, 2nd Floor
|
Address of Principal Executive Office (Street and number)
|
|
Rye, New York 10580
|
City, State and Zip Code
|
PART II-RULE 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable effort
or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)
☒
(a)
|
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
|
(b)
|
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, FORM N-CEN or Form N-CSR, or portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
|
(c)
|
The accountant’s statement or other
exhibit required by Rule 12b-25(c) has been attached if applicable.
|
PART III - NARRATIVE
State below in reasonable detail why Form 10-K, 20-F, 11-K, 10-Q, 10-D,
N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Authentic Equity Acquisition Corp. (the “Company”) has
determined that it is unable, without unreasonable effort or expense, to file its Form 10-Q for the fiscal quarter ended March 31, 2021
(the “Form 10-Q”) by the prescribed due date for the reasons described herein. On April 12, 2021, the staff of the Securities
and Exchange Commission (the “SEC”) issued a public statement entitled “Staff Statement on Accounting and Reporting
Considerations for warrants issued by Special Purpose Acquisition Companies” (“SPACs”) (the “Statement”).
In the Statement, the SEC staff expressed its view that certain terms and conditions common to SPAC warrants may require the warrants
to be classified as liabilities on the SPAC’s balance sheet as opposed to equity. The Company is currently determining the extent
of the Statement’s impact on its financial statements as of and for the fiscal quarter ended March 31, 2021 included in the Form
10-Q and requires additional time to ensure the accuracy of such financial statements. The Registrant expects to file the Form 10-Q on
or before the fifth calendar day following the prescribed due date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
|
Todd Khoury
|
|
(646)
|
|
374-0919
|
|
(Name)
|
|
(Area Code)
|
|
(Telephone Number)
|
(2) Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such
shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). ☒
Yes ☐ No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report
or portion thereof? ☐ Yes ☒ No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
|
Authentic Equity Acquisition Corp.
|
|
|
(Name of Registrant as Specified in Charter)
|
|
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: May 17, 2021
|
By:
|
/s/ Todd Khoury
|
|
|
Todd Khoury
|
|
|
Chief Financial Officer
|
3
Authentic Equity Acquisi... (NASDAQ:AEAC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Authentic Equity Acquisi... (NASDAQ:AEAC)
Historical Stock Chart
From Apr 2023 to Apr 2024