regulatory
confidence high
sentiment negative
materiality 0.50
Music Acquisition Corp: Nasdaq/NYSE listing notice — NYSE to delist TMAC warrants for abnormally low price; company will not appeal
Music Acquisition Corp
- NYSE notified TMAC on Oct 24, 2022, and suspended trading in its warrants (TMAC WS) immediately.
- Delisting due to "abnormally low" trading price levels under NYSE Section 802.01D.
- TMAC does not intend to appeal the NYSE's determination.
- Only warrants are affected; common stock (TMAC) and units (TMAC.U) remain listed.