other material
confidence high
sentiment negative
materiality 0.85
Accelerate Acquisition Corp.: Nasdaq/NYSE listing notice — NYSE to delist Accelerate Acquisition warrants; company seeks liquidation by Dec. 30, 2022
Accelerate Acquisition Corp.
- NYSE notified Accelerate Acquisition (AAQC) on Nov 15, 2022, of intent to delist warrants (AAQC WS) due to low trading price.
- Company seeks stockholder approval to amend charter to redeem all public shares and liquidate by Dec 30, 2022, ahead of March 22, 2023 deadline.
- If stockholders approve the amendment, warrants (AAQC WS) will expire worthless; company will not appeal NYSE determination.
- Trading in warrants suspended immediately; common stock (AAQC) continues trading on NYSE.