Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On June 15, 2021, Global Synergy Acquisition Corp. (the "Company") received a
deficiency letter (the "Letter") from the Listing Qualifications Department of
The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in
compliance with Nasdaq Listing Rule 5250(c)(1) of the Nasdaq Listing Rules as a
result of its failure to timely file the Form 10-Q for the fiscal quarter ended
March 31, 2021 (the "Form 10-Q").
On April 12, 2021, the staff of the Securities and Exchange Commission ("SEC")
issued a public statement entitled "Staff Statement on Accounting and Reporting
Considerations for Warrants Issued by Special Purpose Acquisition Companies
("SPACs")" (the "Statement"), which clarified guidance for all SPAC-related
companies regarding the accounting and reporting for their warrants. The
immediacy of the effective date of the new guidance set forth in the Statement
resulted in a significant number of SPACs re-evaluating the accounting treatment
for their warrants with their professional advisors, including auditors and
other advisors responsible for assisting SPACs in the preparation of financial
statements. This, in turn, resulted in the Company's delay in preparing and
finalizing its financial statements as of and for the quarter ended March 31,
2021 and filing its Form 10-Q with the SEC by the prescribed deadline.
Under the Nasdaq Listing Rules, the Company has 60 calendar days from the date
of the Letter to submit to Nasdaq a plan to regain compliance with the Nasdaq
Listing Rules. The Company duly filed its Form 10-Q on June 2, 2021 and has
regained compliance with the Nasdaq Listing Rules.
Forward-Looking Statements
The Company's statements herein and in documents referenced herein are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and such statements are intended to be covered by
the safe harbor provided by the same. These statements are based on the current
beliefs and expectations of the Company's management and are subject to
significant risks and uncertainties. Because these forward-looking statements
involve risks and uncertainties, there are important factors that could cause
future events to differ materially from those in the forward-looking statements,
many of which are outside of the Company's control. These factors include, but
are not limited to, a variety of risk factors affecting the Company's business
and prospects. See "Risk Factors" in the Company's Registration Statement on
Form S-1 relating to its initial public offering, annual, quarterly reports and
subsequent reports filed with the SEC, as amended from time to time. The Company
does not undertake to update the forward-looking statements to reflect the
impact of circumstances or events that may arise after the date of the
forward-looking statements.
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GLOBAL SYNERGY ACQUISITION CORP. 
