Moscow, Russia, June 03, 2021 (Globe NEWSWIRE) — Kismet Acquisition Three Corp. (the “Corporation”) today announced that on Might 28, 2021 it obtained a deficiency letter from the Nasdaq Capital Current market (“Nasdaq”) relating to the Company’s failure to timely file its Quarterly Report on Kind 10-Q for the quarter finished March 31, 2021 (the “Form 10-Q”) as necessary under Part 5250(c) of the Nasdaq Procedures and Regulations.

On April 12, 2021, the staff of the Securities and Trade Fee (“SEC”) issued “Staff Assertion on Accounting and Reporting Criteria for Warrants Issued by Special Reason Acquisition Businesses (“SPACs”)” (the “Statement”), which clarified advice for all SPAC-linked businesses concerning the accounting and reporting for their warrants. The immediacy of the effective day of the new advice established forth in the Statement has resulted in a major quantity of SPACs re-assessing the accounting therapy for their warrants with their skilled advisors, which includes auditors and other advisors accountable for assisting SPACs in the preparing of financial statements. This, in transform, has resulted in the Company’s delay in preparing and finalizing its economical statements as of and for the quarter finished March 31, 2021 and submitting its Sort 10-Q with the SEC by the approved deadline.

Beneath Nasdaq Listing Rule 5810(c)(2)(F)(i), the Firm commonly has right until 60 calendar days from the date of the deficiency letter to post to Nasdaq a system (the “Compliance Plan”) to regain compliance with the Nasdaq Listing Guidelines. The Corporation intends to file its Variety 10-Q to remedy the deficiency prior to the deadline for submitting a Compliance Strategy.

The Organization believes the adjust in SEC direction does not impact its technique or economic effectiveness. The Company is in compliance with all other Nasdaq ongoing listing criteria. The Firm expects to file the Form 10-Q as promptly as practicable and does not foresee any possibility of non-compliance with the Nasdaq 60-day remediation timeframe.

About Kismet Acquisition A few Corp.

Kismet Acquisition A few Corp. is a particular intent acquisition company led by Chairman and Chief Executive Officer, Ivan Tavrin, shaped for the goal of obtaining, engaging in a share trade, share reconstruction and amalgamation, contractual manage arrangement with, buying all or considerably all of the belongings of, or participating in any other identical initial enterprise combination with 1 or a lot more enterprises or entities.

Cautionary Notice About Forward-Looking Statements

Particular statements in this push launch are “forward-on the lookout statements” inside the indicating of Section 21E of the Securities Trade Act of 1934, as amended, and are subject to the protected harbor produced therefore. In some situations, forward-wanting statements can be determined by terminology this kind of as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” “outlook,” “guidance” or the destructive of those people terms or other comparable terminology. These statements are based mostly on the current beliefs and expectations of the Company’s administration and are matter to significant risks and uncertainties. The previously mentioned statements concerning the impression of the Statement on the Company’s economical statements, as effectively as the influence of the revision on any periodic SEC filings, such as the timing of filing the Variety 10-Q, constitute forward-on the lookout statements that are centered on the Company’s present-day expectations. Due to the fact these forward-on the lookout statements contain pitfalls and uncertainties, there are vital factors that could cause potential functions to vary materially from those in the forward-searching statements, many of which are outdoors of the Company’s manage. These aspects include things like, but are not constrained to, a assortment of threat components affecting the Company’s business enterprise and prospective buyers, see the part titled “Risk Factors” in the Company’s Yearly Report on Type 10-K filed with the SEC on March 31, 2021 and subsequent stories submitted with the SEC, as amended from time to time. Any ahead-looking statements are manufactured only as of the date hereof, and except if normally necessary by applicable securities regulations, the Enterprise disclaims any intention or obligation to update or revise any forward-wanting statements, regardless of whether as a end result of new data, foreseeable future functions or if not.

Make contact with:

Kismet Acquisition Three Corp.
+7 (499) 755-2134
[email protected]