SEC Comment Letter 0000000000-23-009743 to Atlantic Coastal Acquisition Corp. (CIK 0001836274)
Atlantic Coastal Acquisition Corp. (CIK 0001836274)
Date: Sept. 1, 2023 · CIK: 0001836274 · Accession: 0000000000-23-009743
AI Filing Summary & Sentiment
File numbers found in text: 001-40158
Letter
United States securities and exchange commission logo September 1, 2023 Shahraab Ahmad Chief Executive Officer Atlantic Coastal Acquisition Corp. 6 St Johns Lane, Floor 5 New York, NY 10013 Re:Atlantic Coastal Acquisition Corp. Preliminary Proxy Statement on Schedule 14A Filed August 22, 2023 File No. 001-40158 Dear Shahraab Ahmad: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Preliminary Proxy Statement on Schedule 14A filed August 22, 2023 General 1.We note that you are seeking to extend your termination date to September 8, 2024, a date which is 42 months from your initial public offering. We also note that you are listed on The Nasdaq Capital Market and that Nasdaq IM-5101-2 requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. Please revise to explain that the proposal to extend your termination deadline to September 8, 2024 does not comply with this rule, or advise, and to disclose the risks of your non-compliance with this rule, including that your securities may be subject to suspension and delisting from The Nasdaq Capital Market.
FirstName LastNameShahraab Ahmad Comapany NameAtlantic Coastal Acquisition Corp. September 1, 2023 Page 2 FirstName LastName Shahraab Ahmad Atlantic Coastal Acquisition Corp. September 1, 2023 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Ronald (Ron) E. Alper at 202-551-3329 or Dorrie Yale at 202-551- 8776 with any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Stephen Ashley
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United States securities and exchange commission logo
September 1, 2023
Shahraab Ahmad
Chief Executive Officer
Atlantic Coastal Acquisition Corp.
6 St Johns Lane, Floor 5
New York, NY 10013
Re:Atlantic Coastal Acquisition Corp.
Preliminary Proxy Statement on Schedule 14A
Filed August 22, 2023
File No. 001-40158
Dear Shahraab Ahmad:
We have reviewed your filing and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Preliminary Proxy Statement on Schedule 14A filed August 22, 2023
General
1.We note that you are seeking to extend your termination date to September 8, 2024, a date
which is 42 months from your initial public offering. We also note that you are listed on
The Nasdaq Capital Market and that Nasdaq IM-5101-2 requires that a special purpose
acquisition company complete one or more business combinations within 36 months of
the effectiveness of its IPO registration statement. Please revise to explain that the
proposal to extend your termination deadline to September 8, 2024 does not comply with
this rule, or advise, and to disclose the risks of your non-compliance with this rule,
including that your securities may be subject to suspension and delisting from The Nasdaq
Capital Market.
FirstName LastNameShahraab Ahmad
Comapany NameAtlantic Coastal Acquisition Corp.
September 1, 2023 Page 2
FirstName LastName
Shahraab Ahmad
Atlantic Coastal Acquisition Corp.
September 1, 2023
Page 2
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Please contact Ronald (Ron) E. Alper at 202-551-3329 or Dorrie Yale at 202-551-
8776 with any questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Stephen Ashley