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East Resources Acquisition Company Receives Expected Notice From NASDAQ Regarding Delayed Quarterly Report

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BOCA RATON, Fla. ~ East Resources Acquisition Company (NASDAQ: ERES) has received a notice from the Listing Qualifications Department of The NASDAQ Stock Market LLC ("NASDAQ") stating that the Company is not in compliance with NASDAQ Listing Rule 5250(c)(1) (the "Rule"). This is due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023 (the "Form 10-Q") with the Securities and Exchange Commission ("SEC").

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The Company, led by Terrence M. Pegula, was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in North America. As previously disclosed in the Form 12b-25 filed on May 15, 2023 by the Company, it was unable to file its Form 10-Q by the required date of May 15th without unreasonable effort or expense. The Company has since satisfied this obligation by filing its Form 10-Q on May 25th.

The Notice has no immediate effect on the listing or trading of East Resources Acquisition Company's securities on NASDAQ.
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