Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
Pursuant to the Notice, the Company is subject to the procedures set forth in Sections 801 and 802 of the NYSE Listed Company Manual, and accordingly must submit to the NYSE within 45 days of receiving the Notice a business plan that demonstrates how the Company expects to return to compliance with the Minimum Public Stockholders Requirement within 18 months of receiving the Notice. The Company intends to submit such a business plan to the NYSE by the required deadline to regain compliance with the Minimum Public Stockholders Requirement within the required timeframe.
The Company's business plan will be reviewed by the Listings Operations Committee (the "Committee") of the NYSE. If the Committee accepts the plan, the Company will be subject to quarterly monitoring for compliance with the plan. If the Committee does not accept the plan, the Company will be subject to suspension and delisting procedures.
During such time as the Company is deemed noncompliant with the Minimum Public Stockholders Requirement, the Company's Class A common stock, warrants, and units will bear the indicator ".BC" on the consolidated tape to indicate noncompliance with the NYSE's quantitative continued listing standards.
The Notice and the procedures described above have no current effect on the continued listing of the Company's securities on the NYSE, subject to the Company's compliance with the NYSE's other applicable continued listing requirements.
Information Regarding Forward-Looking Statements
This report may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements relate to expectations or forecasts concerning future events. Words
such as "anticipate," "believe," "continue," "could," "estimate," "expect,"
"intend," "may," "might," "plan," "possible," "potential," "predict," "project,"
"should," "would" and similar expressions, as they relate to the Company or its
management team, identify forward-looking statements. Such forward-looking
statements are based on the beliefs of, assumptions made by, and information
currently available to, the Company's management. Actual results could differ
materially from those contemplated by the forward-looking statements as a result
of certain factors, including the Company's ability to submit to the NYSE a
satisfactory business plan to regain compliance with the NYSE's continued
listing standards; the Company's ability to evidence that it has at least 300
public stockholders? and other factors detailed in the Company's reports filed
with the
Item 7.01. Regulation FD Disclosure.
On
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The information set forth in this Item 7.01 and in the attached Exhibit 99.1 is
furnished pursuant to the rules and regulations of the
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 99.1 Press Release, datedJanuary 19, 2023 . 104 Cover Page Interactive Data File (Embedded within the inline XBRL document).
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