Jaws Mustang Acquisition delisted by NYSE American; suspends hospitality business combination

Jaws Mustang Acquisition Corp

NYSE American Panel upheld delisting decision on Nov 1, 2024; trading suspended; company to move to OTC.
Suspended pursuit of hospitality business combination with Starwood Capital after 1 Hotel Central Park sold to Host Hotels & Resorts (HST) on July 31, 2024.
Issued up to $400K non-interest bearing promissory note to Starwood Capital Group Management, matures upon business combination.
No suitable replacement hotel interests found; SPAC has not consummated a business combination within required timeline.

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