Boston, MA, Dec. 06, 2022 (GLOBE NEWSWIRE) —  Progress Acquisition Corp. (NASDAQ:PGRWU) (the “Company”) announced today that the Company had received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) because the Company had failed to timely file with the Securities and Exchange Commission (“SEC”) its Quarterly Report on Form 10-Q for the period ended September 30, 2022 (“Form 10-Q”). However, since the Company’s November 22, 2022 filing of the Form 10-Q, the Company has received notice from Nasdaq that it has regained compliance with the Nasdaq Listing Rule 5250(c)(1), and Nasdaq considers the matter closed.  

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