Mission Advancement Corp.: Nasdaq/NYSE listing notice — Mission Advancement Corp. seeks liquidation by Dec 30, warrants delisted by NYSE and will expire worthless

Mission Advancement Corp.

Mission Advancement Corp. seeks stockholder approval to accelerate business combination deadline to Dec 30, 2022 (from March 5, 2023).
Company states consummation of a suitable business combination is highly improbable.
NYSE commenced delisting of warrants (MACC WS) due to low trading price; company will not appeal.
If approved, warrants will expire worthless.
Goal is to avoid 1% excise tax on redemptions after Dec 31, 2022 under Inflation Reduction Act.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Mission Advancement Corp. received a nyse delisting notice notice regarding minimum bid price (rules 802.01D).

Exchange: nyse
Notice: delisting notice
Deficiency: minimum bid price
Rules: 802.01D

Exact text from the filing

York Stock Exchange (the “ NYSE ”) notified the Company, and publicly announced, that the NYSE determined to commence proceedings to delist the Company’s warrants from the NYSE and that trading in the Company’s warrants would be suspended immediately, due to trading price levels pursuant to Section 802.01D of the NYSE Listed Company Manual. As a result of the expected expiration of the warrants described above, the Company does not intend to appeal the NYSE’s determination. Forward-Looking Statements Certain statements included in this Current Report on Form 8-K are “forward-looking statements

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Source: SEC EDGAR

accession 0001213900-22-067797

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