Tailwind International Acquisition Corp.: Nasdaq/NYSE listing notice — NYSE to delist Tailwind International Acquisition for failing market cap; President Gaveau resigns

Tailwind International Acquisition Corp.

NYSE notified Tailwind International Acquisition Corp. on April 3, 2023, that it will delist units (TWNI.U) and Class A shares (TWNI) due to failure to maintain $40M average market cap over 30 days.
Trading in TWNI.U and TWNI was suspended immediately; the company does not intend to appeal the NYSE's decision.
President and Director Nathalie Gaveau resigned effective March 31, 2023, to pursue other opportunities, with no disagreement with the company.
Tailwind International is evaluating alternatives, including potential liquidation of the trust account and winding down.

item 3.01 item 5.02

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Departed

Nathalie Gaveau

President and Director

Tailwind International Acquisition Corp.

Effective: 2023-03-31
Filed: April 4, 2023, 7:59 PM ET

On March 31, 2023, Nathalie Gaveau voluntarily resigned, effective immediately, as the President and Director of the Company.

Key facts

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Tailwind International 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

value $0.00001 per share, that are listed to trade on NYSE under the symbol “TWNI” (the “Ordinary Shares”). Trading in the Units and Ordinary Shares was suspended immediately. NYSE determined to delist the Units and Ordinary Shares due to the Company’s inability to meet the requirements of Section 802.01B of the NYSE’s Listed Company Manual that requires a listed acquisition company to maintain an average aggregate global market capitalization attributable to its publicly held shares over a consecutive 30 trading day period of at least $40,000,000. The Company does not intend to appeal the NY

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Executive change SEC 8-K Item 5.02 confidence 0.95

Nathalie Gaveau resigned as President and Director at Tailwind International Acquisition Corp..

Action: resigned
Role: President and Director

Exact text from the filing

On March 31, 2023, Nathalie Gaveau voluntarily resigned, effective immediately, as the President and Director of the Company.

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Source: SEC EDGAR

accession 0001104659-23-041251

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