Another observation. If there is a control issue brought up by Finra DD and this control issue is noted in the recent late notification, why is the late notification for 3rd quarter 2022 exactly the same as the recent one? Text excerpts are posted below. Feel free to verify.
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For Period Ended: 9/30/2022
Reason for Delay in Posting Financial Report: State below in reasonable detail why the Annual/Quarterly
Report could not be filed within the prescribed time period.
Coastal Capital Acquisition Corporation (the “Company”) has been unable to complete its quarterly filing for
the quarter ended September 30, 2022 within the prescribed time because of delays in completing the
preparation of its financial statements and its management discussion and analysis. Such delays are primarily
due to management’s dedication of such management's time to business matters and the recent change in
Company control. This has taken a significant amount of management's time away from the preparation of the
quarterly filing for the quarter ended September 30, 2022 and delayed the preparation of the unaudited
financial statements for the quarter ended September 30, 2022
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For Period Ended: 3/31/2023
Reason for Delay in Posting Financial Report: State below in reasonable detail why the Annual/Quarterly
Report could not be filed within the prescribed time period.
Coastal Capital Acquisition Corporation (the “Company”) has been unable to complete its quarterly filing for
the quarter ended March 31, 2023 within the prescribed time because of delays in completing the
preparation of its financial statements and its management discussion and analysis. Such delays are primarily
due to management’s dedication of such management's time to business matters and the recent change in
Company control. This has taken a significant amount of management's time away from the preparation of the
quarterly filing for the quarter ended March 31, 2023 and delayed the preparation of the unaudited financial
statements for the quarter ended March 31, 2023.
