Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On June 22, 2020, CF Finance Acquisition Corp. (the "Company") notified the
Nasdaq Stock Market ("Nasdaq") that, as a result of the appointment of Paul
Pion, the Company's Chief Executive Officer, to the board of directors of the
Company (the "Board") on June 18, 2020, the Company is temporarily not in
compliance with the continued listing requirements set forth in Nasdaq Listing
Rule 5605 regarding the composition of the Board, because a majority of the
Board is not comprised of independent directors.
On June 23, 2020, the Company received a letter from Nasdaq acknowledging the
Company's non-compliance with Nasdaq Listing Rule 5605. The Nasdaq letter
further provided that consistent with Nasdaq Listing Rule 5605(b)(1)(A), Nasdaq
will provide the Company with a cure period in order to regain compliance with
such rule until the earlier to occur of (i) its next annual stockholders meeting
or June 18, 2021; or (ii) if the next annual stockholders' meeting is held
before December 15, 2020, then the Company must evidence compliance no later
than December 15, 2020.
The Company expects to regain compliance with Nasdaq Listing Rule 5605 prior to
the expiration of the cure period provided by Nasdaq.
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CF FINANCE ACQUISITION CORP. 