Blank check company Ross Acquisition Corp. II has recently received a notice from the regulatory staff at the New York Stock Exchange (NYSE) due to non-compliance with filing requirements. This compliance notice is a result of the company's failure to file its quarterly report on its 10-Q form for the quarter ended June 30 with the Securities and Exchange Commission (SEC).
While this notice has no immediate impact on the listing or trading of Ross Acquisition's securities, the company may face delisting from the NYSE if it does not regain compliance within a timely manner.
The deadline for Ross Acquisition to file is until Feb. 21, which gives them six months from the original due date of the form. If the company fails to file by the deadline, it does have the option to request permission from the NYSE to continue trading its securities, but this would be subject to approval.
It is worth noting that Ross Acquisition is led by former U.S. Secretary of Commerce, Wilbur Ross Jr., who serves as the President, Chief Executive Officer, and Chairman of the Board for the company.