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Clean Energy Special Situations Corp. Receives Notice from Nasdaq Regarding Suspension of Trading of Securities and Plans to File for Hearing

News Press releases

New York, New York, April 29, 2024 (GLOBE NEWSWIRE) -- Clean Energy Special Situations Corp. (the “Company”) announced that, on April 23, 2024, it received a notification letter (the “Notification Letter”) from the staff of the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq’s continued listing standards (the “Rules”), because the Company had not paid certain fees required by Listing Rule 5250(f). Additionally, the Staff noted that the Company had failed to file its Annual Report on Form 10-K for the period ended December 31, 2023 (the “2023 Form 10-K”), which serves as an additional and separate basis for delisting under Listing Rule 5810(d)(2). The Notification Letter further noted that if the Company did not elect to appeal the Staff’s determination to a Nasdaq Hearings Panel pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series, then trading of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) would be suspended at the opening of business on May 2, 2024 and that a Form 25-NSE would be filed with the Securities and Exchange Commission (the “SEC”) removing the Company’s securities, including the Common Stock, from listing and registration on Nasdaq (the “Delisting”).

GlobeNewswire Inc. • 29/04/2024 à 22:01:00
Clean Energy Special Situations Corp. Common stock
Address: C/O GRAUBARD MILLER
Postal Code: 10174
City: NEW YORK
State: NY
Phone Number: (212) 818-8800
Website: https://www.springwatercapital.ch
Status: Active
Company Info

Clean Energy Special Situations Corp Formerly Springwater Special Situations Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.

List Date2021-09-23
MarketStocks
LocalUS
Primary ExchangeXNAS
TypeCS
Currency NameUSD
CIK0001838000
Composite figiBBG00ZN75VW2
Share Class figiBBG00ZN75WQ7
Market Cap73,762,463 USD
SIC Code6770
SIC DescriptionBLANK CHECKS
Share Class Shares Outstanding6290000
Weighted Shares Outstanding7011641
Round Lot100
Updated date2024-05-12
Stats
Last 5 days
15-05
14-05
13-05
10-05
8-05
Last
10.859
10.779
10.854
10.471
10.61
Variance
3.22%
-0.7%
3.67%
-1.62%
0%
Open
10.52
10.855
10.47
10.643
10.61
Highest
10.859
10.855
10.854
10.783
10.61
Lowest
10.81
10.855
10.841
10.73
10.61
History
PeriodVarhighestlowest
1 week
2.04%
10.783
10.73
1 month
1.57%
11.11
10.61
3 month
3.24%
10.87
10.539
6 month
3.04%
10.54
10.5
1 year
5.64%
10.31
10.28
3 year
11.61%
9.77
9.71
5 year
11.61%
9.77
9.71
10 year
11.61%
9.77
9.71
Stock Financials
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-30 2023-12-01 UNPUB UNPUB
Assets 20,806,588 20,724,456 UNPUB UNPUB
Current Assets 211,716 137,685 UNPUB UNPUB
Current Liabilities 2,980,339 2,510,869 UNPUB UNPUB
Equity -2,128,465 -1,788,220 UNPUB UNPUB
Equity Attributable To Noncontrolling Interest 0 0 UNPUB UNPUB
Equity Attributable To Parent -2,128,465 -1,788,220 UNPUB UNPUB
Liabilities 22,935,053 22,512,676 UNPUB UNPUB
Liabilities And Equity 20,806,588 20,724,456 UNPUB UNPUB
Noncurrent Assets 20,594,872 20,586,771 UNPUB UNPUB
Noncurrent Liabilities 19,954,714 20,001,807 UNPUB UNPUB
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-30 2023-12-01 UNPUB UNPUB
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow 5,599 5,670 UNPUB UNPUB
Net Cash Flow, Continuing 5,599 5,670 UNPUB UNPUB
Net Cash Flow From Financing Activities -155,863,431 263,879 UNPUB UNPUB
Net Cash Flow From Financing Activities, Continuing -155,863,431 263,879 UNPUB UNPUB
Net Cash Flow From Investing Activities 155,970,874 464,050 UNPUB UNPUB
Net Cash Flow From Investing Activities, Continuing 155,970,874 464,050 UNPUB UNPUB
Net Cash Flow From Operating Activities -101,844 -722,259 UNPUB UNPUB
Net Cash Flow From Operating Activities, Continuing -101,844 -722,259 UNPUB UNPUB
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-30 2023-12-01 UNPUB UNPUB
Comprehensive Income/Loss 609,142 -132,588 UNPUB UNPUB
Comprehensive Income/Loss Attributable To Noncontrolling Interest 0 0 UNPUB UNPUB
Comprehensive Income/Loss Attributable To Parent 609,142 -132,588 UNPUB UNPUB
Other Comprehensive Income/Loss 0 0 UNPUB UNPUB
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-30 2023-12-01 UNPUB UNPUB
Basic Earnings Per Share UNPUB UNPUB UNPUB UNPUB
Benefits Costs and Expenses UNPUB UNPUB UNPUB UNPUB
Cost Of Revenue UNPUB UNPUB UNPUB UNPUB
Costs And Expenses UNPUB UNPUB UNPUB UNPUB
Diluted Earnings Per Share UNPUB UNPUB UNPUB UNPUB
Gross Profit UNPUB UNPUB UNPUB UNPUB
Income/Loss From Continuing Operations After Tax 609,142 -132,588 UNPUB UNPUB
Income/Loss From Continuing Operations Before Tax 899,741 -84,947 UNPUB UNPUB
Income Tax Expense/Benefit 290,599 47,641 UNPUB UNPUB
Interest Expense, Operating UNPUB UNPUB UNPUB UNPUB
Net Income/Loss 609,142 -132,588 UNPUB UNPUB
Net Income/Loss Attributable To Noncontrolling Interest 0 0 UNPUB UNPUB
Net Income/Loss Attributable To Parent 609,142 -132,588 UNPUB UNPUB
Net Income/Loss Available To Common Stockholders, Basic 609,142 -132,588 UNPUB UNPUB
Operating Expenses UNPUB UNPUB UNPUB UNPUB
Operating Income/Loss -498,564 -195,594 UNPUB UNPUB
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 UNPUB UNPUB
Preferred Stock Dividends And Other Adjustments 0 0 UNPUB UNPUB
Revenues UNPUB UNPUB UNPUB UNPUB
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-16 2022-08-15 2022-11-14 2023-04-10
Assets 173,779,971 173,846,468 174,251,021 175,488,391
Current Assets 647,414 565,450 467,562 320,818
Current Liabilities 128,108 179,521 203,602 790,300
Equity 753,758 698,180 493,763 63,114
Equity Attributable To Noncontrolling Interest 0 0 0 0
Equity Attributable To Parent 753,758 698,180 493,763 63,114
Liabilities -753,758 -698,180 173,757,258 175,425,277
Liabilities And Equity 173,779,971 173,846,468 174,251,021 175,488,391
Noncurrent Assets 173,132,557 173,281,018 173,783,459 175,167,573
Noncurrent Liabilities 0 0 173,553,656 174,634,977
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-16 2022-08-15 2022-11-14 2023-04-10
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow -271,625 -56,244 327,869 0
Net Cash Flow, Continuing -271,625 -56,244 327,869 0
Net Cash Flow From Financing Activities UNPUB UNPUB UNPUB 398,149
Net Cash Flow From Financing Activities, Continuing UNPUB UNPUB UNPUB 398,149
Net Cash Flow From Investing Activities UNPUB UNPUB UNPUB 253,250
Net Cash Flow From Investing Activities, Continuing UNPUB UNPUB UNPUB 253,250
Net Cash Flow From Operating Activities -271,625 -56,244 -273,941 -651,399
Net Cash Flow From Operating Activities, Continuing -271,625 -56,244 -273,941 -651,399
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-16 2022-08-15 2022-11-14 2023-04-10
Comprehensive Income/Loss -207,578 15,084 380,472 838,650
Comprehensive Income/Loss Attributable To Noncontrolling Interest 0 0 0 0
Comprehensive Income/Loss Attributable To Parent -207,578 15,084 380,472 838,650
Other Comprehensive Income/Loss 0 0 0 0
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-16 2022-08-15 2022-11-14 2023-04-10
Basic Earnings Per Share 10 0 UNPUB UNPUB
Benefits Costs and Expenses UNPUB UNPUB UNPUB UNPUB
Cost Of Revenue UNPUB UNPUB UNPUB UNPUB
Costs And Expenses UNPUB UNPUB UNPUB UNPUB
Diluted Earnings Per Share UNPUB UNPUB UNPUB UNPUB
Gross Profit UNPUB UNPUB UNPUB UNPUB
Income/Loss From Continuing Operations After Tax -207,578 15,084 380,472 838,650
Income/Loss From Continuing Operations Before Tax -207,578 15,084 554,875 1,302,604
Income Tax Expense/Benefit UNPUB UNPUB 174,403 463,954
Interest Expense, Operating UNPUB UNPUB UNPUB UNPUB
Net Income/Loss -207,578 15,084 380,472 838,650
Net Income/Loss Attributable To Noncontrolling Interest 0 0 0 0
Net Income/Loss Attributable To Parent -207,578 15,084 380,472 838,650
Net Income/Loss Available To Common Stockholders, Basic -207,578 15,084 380,472 838,650
Operating Expenses UNPUB UNPUB UNPUB UNPUB
Operating Income/Loss -236,989 -245,614 -244,280 -1,202,726
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 0 0
Preferred Stock Dividends And Other Adjustments 0 0 0 0
Revenues UNPUB UNPUB UNPUB UNPUB
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB UNPUB 2021-11-22 2022-04-21
Assets UNPUB UNPUB 174,379,159 174,104,053
Current Assets UNPUB UNPUB 1,061,548 888,694
Current Liabilities UNPUB UNPUB 17,117 244,612
Equity UNPUB UNPUB 1,463,937 961,336
Equity Attributable To Noncontrolling Interest UNPUB UNPUB 0 0
Equity Attributable To Parent UNPUB UNPUB 1,463,937 961,336
Liabilities UNPUB UNPUB 172,915,222 173,142,717
Liabilities And Equity UNPUB UNPUB 174,379,159 174,104,053
Noncurrent Assets UNPUB UNPUB 173,317,611 173,215,359
Noncurrent Liabilities UNPUB UNPUB 172,898,105 172,898,105
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB UNPUB 2021-11-22 2022-04-21
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow UNPUB UNPUB UNPUB 413,067
Net Cash Flow, Continuing UNPUB UNPUB UNPUB 413,067
Net Cash Flow From Financing Activities UNPUB UNPUB UNPUB 174,424,407
Net Cash Flow From Financing Activities, Continuing UNPUB UNPUB UNPUB 174,424,407
Net Cash Flow From Investing Activities UNPUB UNPUB UNPUB -172,898,105
Net Cash Flow From Investing Activities, Continuing UNPUB UNPUB UNPUB -172,898,105
Net Cash Flow From Operating Activities UNPUB UNPUB UNPUB -1,113,235
Net Cash Flow From Operating Activities, Continuing UNPUB UNPUB UNPUB -1,113,235
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB UNPUB 2021-11-22 2022-04-21
Comprehensive Income/Loss UNPUB UNPUB -60,895 -563,546
Comprehensive Income/Loss Attributable To Noncontrolling Interest UNPUB UNPUB 0 0
Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB -60,895 -563,546
Other Comprehensive Income/Loss UNPUB UNPUB 0 0
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB UNPUB 2021-11-22 2022-04-21
Basic Earnings Per Share UNPUB UNPUB UNPUB 10
Benefits Costs and Expenses UNPUB UNPUB UNPUB UNPUB
Cost Of Revenue UNPUB UNPUB UNPUB UNPUB
Costs And Expenses UNPUB UNPUB UNPUB UNPUB
Diluted Earnings Per Share UNPUB UNPUB UNPUB UNPUB
Gross Profit UNPUB UNPUB UNPUB UNPUB
Income/Loss From Continuing Operations After Tax UNPUB UNPUB -60,895 -563,546
Income/Loss From Continuing Operations Before Tax UNPUB UNPUB -60,895 -563,546
Income Tax Expense/Benefit UNPUB UNPUB UNPUB UNPUB
Interest Expense, Operating UNPUB UNPUB UNPUB UNPUB
Net Income/Loss UNPUB UNPUB -60,895 -563,546
Net Income/Loss Attributable To Noncontrolling Interest UNPUB UNPUB 0 0
Net Income/Loss Attributable To Parent UNPUB UNPUB -60,895 -563,546
Net Income/Loss Available To Common Stockholders, Basic UNPUB UNPUB -60,895 -563,546
Operating Expenses UNPUB UNPUB UNPUB UNPUB
Operating Income/Loss UNPUB UNPUB UNPUB -581,362
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic UNPUB UNPUB 0 0
Preferred Stock Dividends And Other Adjustments UNPUB UNPUB 0 0
Revenues UNPUB UNPUB UNPUB UNPUB
Calendar
16 May 2024 (Time UTC) Actual Previous Consensus
★★
11:30
United States
11:30
United States
5.275
11:30
United States
5.270
11:30
United States
11:30
United States
★★
10:30
United States
10:30
United States
MAY 10
79000000000.000
76000000000.000
10:30
United States
MAY 10
★★
10:00
United States
09:15
United States
APR
-0.300
0.200
0.100
★★
09:15
United States
APR
-0.380
0.090
09:15
United States
APR
78.400
78.500
78.400
09:15
United States
APR
★★
08:30
United States
APR
0.500
0.100
0.400
★★
08:30
United States
APR
1440000.000
1458000.000
1480000.000
News Stream
News Press releases
New York, New York, April 29, 2024 (GLOBE NEWSWIRE) -- Clean Energy Special Situations Corp. (the “Company”) announced that, on April 23, 2024, it received a notification letter (the “Notification Letter”) from the staff of the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq’s continued listing standards (the “Rules”), because the Company had not paid certain fees required by Listing Rule 5250(f). Additionally, the Staff noted that the Company had failed to file its Annual Report on Form 10-K for the period ended December 31, 2023 (the “2023 Form 10-K”), which serves as an additional and separate basis for delisting under Listing Rule 5810(d)(2). The Notification Letter further noted that if the Company did not elect to appeal the Staff’s determination to a Nasdaq Hearings Panel pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series, then trading of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) would be suspended at the opening of business on May 2, 2024 and that a Form 25-NSE would be filed with the Securities and Exchange Commission (the “SEC”) removing the Company’s securities, including the Common Stock, from listing and registration on Nasdaq (the “Delisting”).
GlobeNewswire Inc. • 2w ago
News Press releases
New York, New York, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Clean Energy Special Situations Corp. (the “Company”) announced that, on February 14, 2024, it received a formal notice (the “Formal Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq’s continued listing standards (the “Rules”), because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the “Q3 10-Q”) and failed to meet the terms of the exception granted by the Staff of Nasdaq (the “Staff”) to file the Q3 10-Q by February 12, 2024 (the “Exception”). The Formal Notice further stated that, unless the Company requested an appeal of this determination, trading of the Company’s Common Stock, par value $0.0001 per share (the “Common Stock”) would be suspended at the opening of business on February 23, 2024 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”) which will remove the Company’s securities from listing and registration on Nasdaq.
GlobeNewswire Inc. • 2mo ago
News Press releases
New York, New York, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Clean Energy Special Situations Corp. (the “Company”) announced that on November 29, 2023, it received a notification letter (the “Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq’s continued listing standards (the “Rules”) because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the “Q3 10-Q”).
GlobeNewswire Inc. • 5mo ago
News Press releases
New York, New York, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Clean Energy Special Situations Corp. (Nasdaq: SWSS) (the “Company”) announced today that the Nasdaq Stock Market LLC (“Nasdaq”), by letter dated August 23, 2023 (the “Notice”), notified the Company that it was not in compliance with Nasdaq’s continued listing standards because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 (the “Quarterly Report”).
GlobeNewswire Inc. • 8mo ago
News Press releases
New York, New York, May 25, 2023 (GLOBE NEWSWIRE) -- Springwater Special Situations Corp. (Nasdaq: SWSS) (the “Company”) announced today that the Nasdaq Stock Market LLC (“Nasdaq”), by letter dated May 25, 2023 (the “Notice”), notified the Company that it was not in compliance with Nasdaq’s continued listing standards because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the “Quarterly Report”).
GlobeNewswire Inc. • 11mo ago
News Press releases
New York, New York, May 25, 2023 (GLOBE NEWSWIRE) -- Springwater Special Situations Corp. (Nasdaq: SWSS) (the “Company”) announced today that the Nasdaq Stock Market LLC (“Nasdaq”), by letter dated May 25, 2023 (the “Notice”), notified the Company that it was not in compliance with Nasdaq’s continued listing standards because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the “Quarterly Report”).
GlobeNewswire Inc. • 11mo ago
Stocks Press releases
NEW YORK, NEW YORK, April 22, 2022 (GLOBE NEWSWIRE) -- Springwater Special Situations Corp. (NASDAQ: SWSS) (“Springwater” or the “Company”), a blank check company formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities, announced that on April 19, 2022, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“NASDAQ”) advising the Company that the Company did not comply with NASDAQ’s Listing Rule 5250(c)(1) for continued listing because NASDAQ had not received the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “Form 10-K”). NASDAQ had informed the Company that it had until June 18, 2022 to submit a plan to regain compliance with respect to this delinquent report. If NASDAQ had approved the Company’s plan, it would have had the discretion to grant the Company an extension of up to 180 calendar days from the due date of the Form 10-K (or until October 12, 2022) to regain compliance.
GlobeNewswire Inc. • 2y ago
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