Parabellum Acquisition Corp.: Nasdaq/NYSE listing notice — NYSE suspends trading and initiates delisting of Parabellum Acquisition Corp. securities due to market cap failure

Parabellum Acquisition Corp.

NYSE suspended trading of Parabellum common stock, warrants, and units as of 4:00 p.m. ET on Jan 31, 2023.
Delisting due to non-compliance with Section 802.01B requiring $40M average global market cap over 30 trading days.
NYSE will apply to SEC to delist; trading to transfer to OTC Markets Group.
Warrants had been suspended since Nov 1, 2022; common stock and units suspended Jan 31.
Parabellum still pursuing business combination with EnOcean GmbH (Nov 13, 2022 agreement); Holdco expects NYSE listing post-close.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Parabellum Acquisition Corp. received a nyse delisting notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: delisting notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

January 31, 2023, the New York Stock Exchange (the “NYSE”) issued a press release stating that it had determined that Parabellum Acquisition Corp. (“Parabellum”) was not in compliance with Section 802.01B of the NYSE Listed Company Manual requiring a listed acquisition company to maintain an average aggregate global market capitalization attributable to its publicly-held shares of at least $40,000,000, over a consecutive 30 trading day period. The NYSE had determined to commence proceedings to delist from the NYSE Parabellum’s Class A common stock (“Parabellum Common Stock”) and units, each co

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Source: SEC EDGAR

accession 0001104659-23-008611

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