regulatory
confidence high
sentiment negative
materiality 0.60
Build Acquisition Corp.: Nasdaq/NYSE listing notice — NYSE commences delisting of Build Acquisition Corp. warrants (BGSX.WS) due to abnormally low price
Build Acquisition Corp.
- NYSE notified Build Acquisition Corp. on Dec 23, 2022, that it will delist and immediately suspend trading of its warrants (BGSX.WS) due to abnormally low trading prices.
- The delisting applies only to the warrants; Class A common stock (BGSX) and units (BGSX.U) continue trading on NYSE.
- The NYSE action follows Section 802.01D of the NYSE Listed Company Manual for price levels.
- No financial impact was disclosed, but warrant holders face loss of exchange listing.