Priveterra Acquisition Corp. II: Nasdaq/NYSE listing notice — Priveterra Acquisition Corp. II gets Nasdaq delisting notice; stockholders approve extension to Oct 2024

Priveterra Acquisition Corp. II

Nasdaq notified the company of potential delisting for failing to complete a business combination within 36 months of IPO effectiveness.
Stockholders approved charter amendment extending the combination deadline from Jan 12 to Oct 12, 2024, with monthly trust deposits.
595,559 shares redeemed at ~$11.03 per share; trust holds ~$14.6M after redemptions.
Company intends to request a Nasdaq hearing to stay delisting pending Panel decision.

item 3.01 item 5.03 item 5.07 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

Priveterra Acquisition Corp. II received a nasdaq delisting notice notice regarding other (rules IM-5101-2).

Exchange: nasdaq
Notice: delisting notice
Rules: IM-5101-2

Exact text from the filing

January 10, 2024, Priveterra Acquisition Corp. II, a Delaware corporation (the “Company”), received a notice (the “Notice”) from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”), the Company’s securities (common stock, warrants and units) would be subject to suspension and delisting from The Nasdaq Capital Market at the opening of business on January 19, 2024, due to the Company’s non-compliance with Nasdaq IM-5101-2, which requires that a spe

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Priveterra Acquisition Corp. II: Amendment to extend the date by which the company must consummate a business combination from January 12, 2024 to April 12, 2024 with potential monthly extensions up to October 12, 2024 (effective 2024-01-05).

Change: charter amendment
Effective: 2024-01-05

Exact text from the filing

On January 5, 2024, the Company filed an amendment (the “Extension Amendment”) to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware following the conclusion of the special meeting of stockholders of the Company (the “Special Meeting”).

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Priveterra Acquisition Corp. II shareholders approved Third Extension Amendment Proposal at the 2024-01-05 meeting.

Outcome: passed
Meeting: 2024-01-05

Exact text from the filing

Third Extension Amendment Proposa l A proposal to amend the Company’s Amended and Restated Certificate of Incorporation to extend the date by which it has to consummate a business combination from January 12, 2024

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Source: SEC EDGAR

accession 0001104659-24-003341

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