Investor's Frequently Asked Questions
Please reach us at [email protected] if you cannot find an answer to your question and it will be answered as best as possible within this FAQ section.
We will continue to inform the shareholders through CCAC’s company website as our regular news updates.
Coastal Capital Acquisition Corp. (CCAC) is a company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses.
While no decision has been made, CCAC will access all options and identify the best way to benefit the future of the company.
We have not identified any business combination target and we have not, nor has anyone on our behalf, initiated any substantive business discussions, directly or indirectly, with any business combination target.
Systematically this would be correct, but due to the fact that CCAC is not a fully reporting company these requirements do not apply.
In 2008 CCAC filed a Form 15 suspending its reporting requirement to the SEC.
We currently have a Twitter Page located at https://twitter.com/ccajstock
We suggest all shareholders please follow the page for updates as they are released.
At this time, CCAC has not yet appointed the Executive team outside of those listed on the OTC Markets website. Once we have appointed additional executives, this too will be updated on the Company website and OTC Markets Website.
Mr. Anthony DiNorcia is no longer a part of the Executive Management Team thus his removal in December 2021. However, Mr. DiNorcia is listed on the OTC Markets website due to the requirements involving the number of Common Shares he currently holds.
Requirements of OTC Markets:
“Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer’s securities. Together, officers, directors and other company insiders comprise Company Insiders.”
CCAJ is the trade symbol for the company and there are no plans to change it at this point in time.
CCAC is an abbreviation for the company name as shown above.
European Registered Agent Authority is a company that is comprised of investors whose sole business is to identify potential opportunities globally through acquisitions such as the recent acquisition of CCAC.
We are targeting End of the 4th Quarter of 2022 to become fully reporting, but will put the status at Pink Current by the end of the 3rd Quarter.
CCAC discussed the possible acquisition of Glow Path with the CEO and we agreed verbally but Glow Path decided to amend the verbal agreement when CCAC organized the written agreement. At this time, management did not see a justifiable cause to accept their counter offer as it did not seem financially fit for CCAC. CCAC will look to discuss with Glow Path in the near future to see if there is a possible fit that both parties can agree to.
CCAC has been in contact with FINRA in regards to the Reverse Split and FINRA has made certain request in which the company is gathering the information requested to provide to FINRA.