secwatch.observer — SEC 8-K summary
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Issuer:     Ascendant Digital Acquisition Corp. III (—)
CIK:        0001850316
Form:       8-K
Filed at:   2022-12-27T23:59:59+00:00
Accession:  0001193125-22-312630
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

NYSE begins delisting proceedings for Ascendant Digital Acquisition Corp. III warrants due to abnormally low price
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- NYSE notified company on Dec 23, 2022 of decision to delist warrants (ACDI WS) under Section 802.01D.
- Trading in warrants suspended immediately; Class A ordinary shares (ACDI) and units (ACDI.U) continue trading.
- Delisting triggered by 'abnormally low' trading price levels per NYSE Listed Company Manual.
- Company is a SPAC; warrants originally exercisable at $11.50 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850316/000119312522312630/0001193125-22-312630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850316/000119312522312630/d441796d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-312630

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer