NYSE to Commence Delisting Proceeding Against Prime Impact Acquisition I (PIAI)

StreetInsider2023-09-15

NEW YORK--(BUSINESS WIRE)-- The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the three securities...

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Trading in the Company’s Securities will be suspended immediately.Units, each consisting of one Class A ordinary share and one-third of a Warrant to acquire one Class A ordinary share. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50. NYSE Regulation reached its decision to delist these Securities pursuant to Sections 802.01B and 102.06e. of the NYSE’s Listed Company Manual because the Company failed to consummate a business combination within the shorter of  the time period specified by its constitutive documents or by contract or  three years.The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. 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Trading in the Company’s Securities will be suspended immediately.\n\n\n\nSymbol\n\n\n\nDescription\n\n\n\n\n\nPIAI\n\n\n\nClass A ordinary shares\n\n\n\n\n\nPIAI.U\n\n\n\nUnits, each consisting of one Class A ordinary share and one-third of a Warrant to acquire one Class A ordinary share\n\n\n\n\n\nPIAI.W\n\n\n\nWarrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50\n\n\n\n\nNYSE Regulation reached its decision to delist these Securities pursuant to Sections 802.01B and 102.06e. of the NYSE’s Listed Company Manual because the Company failed to consummate a business combination within the shorter of (i) the time period specified by its constitutive documents or by contract or (ii) three years.\n\nThe Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20230914194442/en/\n\nCompany Contact:\nPrime Impact:\nMark Long\n[email protected]\n(650) 825-6965\n\nNYSE Contact:\nNYSE Communications\n[email protected]\n\nSource: NYSE Regulation","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2367588216"}