--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-24-024064" form_type: "8-K" ticker: null cik: "0001836274" company_name: "Atlantic Coastal Acquisition Corp." filed_at: "2024-02-14T23:59:59+00:00" generated_at: "2026-06-06T02:34:36.344592+00:00" event_type: "regulatory" sentiment: "negative" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # ACAH receives Nasdaq delisting determination, CEO and CFO resign ## Summary - Nasdaq staff delisting effective Feb 23, 2024; company will not appeal. - Failure to file Q2 and Q3 2023 10-Qs by Feb 13, 2024 extension deadline. - Also non-compliant for not holding annual meeting within 12 months of FYE. - CEO Anthony Porcheron (resigns Feb 15) and CFO Khash-Erdene Gantumur (immediate) resigned Feb 14. - Directors Chandra Panchal and Tseren Purev also resigned Feb 14 effective immediately. ## SEC filing metadata - accession: 0001104659-24-024064 - form_type: 8-K - cik: 0001836274 - company_name: Atlantic Coastal Acquisition Corp. - filed_at: 2024-02-14T23:59:59+00:00 - event_type: regulatory - sentiment: negative - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 3.01, 5.02, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1836274/000110465924024064/0001104659-24-024064-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836274/000110465924024064/tm246310d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-24-024064 - JSON: https://secwatch.observer/filing/0001104659-24-024064.json - Plain text: https://secwatch.observer/filing/0001104659-24-024064.txt ## Key facts - Listing & Compliance Notices Atlantic Coastal Acquisition Corp. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)). - Exchange: nasdaq - Notice: delisting notice - Deficiency: late filing - Rules: 5250(c)(1) source text: curities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. On August 17, 2023, and November 20, 2023, Staff notified the Company that it did not comply with Nasdaq’s filing requirements set forth in Listing Rule 5250(c)(1) (the “Rule”) because it had not filed its Form 10-Q for the period ended June 30, 2023, and its Form 10-Q for the period ended September 30, 2023 (the “Delinquent Reports”). Based on its review and the materials submitted by the Company on October 31, 2023, the Staff granted the Company a evidence_url: https://www.sec.gov/Archives/edgar/data/1836274/000110465924024064/0001104659-24-024064-index.htm - Listing & Compliance Notices Atlantic Coastal Acquisition Corp. received a nasdaq delisting notice notice regarding other (rules 5250(c)(1)). - Exchange: nasdaq - Notice: delisting notice - Rules: 5250(c)(1) source text: curities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. On August 17, 2023, and November 20, 2023, Staff notified the Company that it did not comply with Nasdaq’s filing requirements set forth in Listing Rule 5250(c)(1) (the “Rule”) because it had not filed its Form 10-Q for the period ended June 30, 2023, and its Form 10-Q for the period ended September 30, 2023 (the “Delinquent Reports”). Based on its review and the materials submitted by the Company on October 31, 2023, the Staff granted the Company a evidence_url: https://www.sec.gov/Archives/edgar/data/1836274/000110465924024064/0001104659-24-024064-index.htm - Executive change Chandra Panchal resigned as Director at Atlantic Coastal Acquisition Corp.. - Action: resigned - Role: Director source text: On February 14, 2024, Dr. Chandra Panchal and Tseren Purev resigned as directors of the Company, which resignations were effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1836274/000110465924024064/0001104659-24-024064-index.htm - Executive change Anthony (Tony) Porcheron resigned as Chief Executive Officer at Atlantic Coastal Acquisition Corp.. - Action: resigned - Role: Chief Executive Officer source text: On February 14, 2024, Anthony (Tony) Porcheron resigned as Chief Executive Officer of the Company and Khash—Erdene Gantumur resigned as Chief Financial Officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1836274/000110465924024064/0001104659-24-024064-index.htm - Executive change Tseren Purev resigned as Director at Atlantic Coastal Acquisition Corp.. - Action: resigned - Role: Director source text: On February 14, 2024, Dr. Chandra Panchal and Tseren Purev resigned as directors of the Company, which resignations were effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1836274/000110465924024064/0001104659-24-024064-index.htm - Executive change Khash-Erdene Gantumur resigned as Chief Financial Officer at Atlantic Coastal Acquisition Corp.. - Action: resigned - Role: Chief Financial Officer source text: On February 14, 2024, Anthony (Tony) Porcheron resigned as Chief Executive Officer of the Company and Khash—Erdene Gantumur resigned as Chief Financial Officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1836274/000110465924024064/0001104659-24-024064-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.