Form 8-K - Current report
May 03 2024 - 5:16PM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): May
3, 2024 (April 29, 2024)
Quadro Acquisition One Corp. |
(Exact name of registrant as specified in its charter) |
Cayman Islands |
|
001-40077 |
|
N/A |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
850 Library Avenue, Suite 204, Newark, Delaware |
|
19715 |
(Address of principal executive offices) |
|
(Zip Code) |
(302) 738-6680 |
(Registrant’s telephone number, including area code) |
|
(Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☒ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Units, each consisting of one Class A Ordinary Share and one-third of one Redeemable Warrant |
|
QDROU |
|
The Nasdaq Stock Market LLC |
Class A Ordinary Shares, par value $0.001 per share |
|
QDRO |
|
The Nasdaq Stock Market LLC |
Redeemable Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50, subject to adjustment |
|
QDROW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging Growth Company ☒
If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
| Item 1.02 | Termination of a Material Definitive Agreement. |
As previously disclosed, on January 12, 2024,
Quadro Acquisition One Corp. (the “Company”) entered into a Business Combination Agreement (the “BCA”)
with NHC Holdings II, Inc., a Delaware corporation (the “Seller”), NHC Merger Sub, Inc., a Delaware corporation and
a wholly-owned subsidiary of the Seller, Global Growth Holdings, LLC, a Delaware limited liability company, and Greg Lindberg, a resident
of the State of Florida.
On May 1, 2024, the Company provided notice
to the Seller that it has terminated the BCA pursuant to Section 7.1(e) thereof due to material breaches of the BCA by the Seller resulting
from Seller’s failure to provide the Company with the 2023 Financial Statements (as defined in the BCA) by April 30, 2024 as required
by Section 5.4(b) of the BCA and its failure to provide the Company with the Seller Disclosure Schedules (as defined in the BCA) by February
29, 2024 as required by Section 5.21 of the BCA.
| Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
As previously disclosed, on February 20, 2024,
the Company received a notice from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”)
indicating that, unless the Company timely requested a hearing before a Nasdaq hearings panel, trading of the Company’s securities
on Nasdaq would be suspended due to the Company’s non-compliance with Nasdaq IM-5101-2, which requires that a special purpose
acquisition company complete one or more business combinations within 36 months of the effectiveness of its registration statement relating
to its initial public offering. The Company requested a hearing before the Nasdaq hearings panel, which was held on March 26, 2024. At
the hearing, the Company requested an extension until August 19, 2024 to allow it sufficient time to complete the BCA, which was granted
by the Nasdaq hearings panel.
On April 29, 2024, the Company received an
additional notification letter from Nasdaq notifying the Company that it had failed to pay certain annual fees required by Listing Rule
5250(f) totaling $81,000. As a result, Nasdaq requires the Company submit its views with respect to this deficiency in writing no later
than May 6, 2024, whereupon the hearings panel will consider whether to continue listing the Company’s securities on Nasdaq. The
Company plans to submit its views on this matter and update Nasdaq regarding the termination of the BCA by May 6, 2024.
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: May 3, 2024 |
Quadro Acquisition One Corp. |
|
|
|
/s/ Dimitri Elkin |
|
Name: |
Dimitri Elkin |
|
Title: |
Chief Executive Officer |
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Apr. 29, 2024 |
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Document Period End Date |
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Entity File Number |
001-40077
|
Entity Registrant Name |
Quadro Acquisition One Corp.
|
Entity Central Index Key |
0001825962
|
Entity Tax Identification Number |
00-0000000
|
Entity Incorporation, State or Country Code |
E9
|
Entity Address, Address Line One |
850 Library Avenue
|
Entity Address, Address Line Two |
Suite 204
|
Entity Address, City or Town |
Newark
|
Entity Address, State or Province |
DE
|
Entity Address, Postal Zip Code |
19715
|
City Area Code |
(302)
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Local Phone Number |
738-6680
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Units, each consisting of one Class A Ordinary Share and one-third of one Redeemable Warrant |
|
Title of 12(b) Security |
Units, each consisting of one Class A Ordinary Share and one-third of one Redeemable Warrant
|
Trading Symbol |
QDROU
|
Security Exchange Name |
NASDAQ
|
Class A Ordinary Shares, par value $0.001 per share |
|
Title of 12(b) Security |
Class A Ordinary Shares, par value $0.001 per share
|
Trading Symbol |
QDRO
|
Security Exchange Name |
NASDAQ
|
Redeemable Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50, subject to adjustment |
|
Title of 12(b) Security |
Redeemable Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50, subject to adjustment
|
Trading Symbol |
QDROW
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Security Exchange Name |
NASDAQ
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