Athena Consumer Acquisition Corp.: Nasdaq/NYSE listing notice — Athena Consumer Acquisition receives NYSE delisting notice for public float non-compliance; trading halted

Athena Consumer Acquisition Corp.

NYSE determined company failed to maintain $40M average public float over 30 consecutive trading days.
Company plans to transition listing to NYSE American, which requires only $20M public float.
Trading of ACAQ common stock, warrants, and units halted at 4:00 p.m. ET on Jan 30, 2023.
NYSE will decide on Feb 6, 2023 whether to commence delisting procedures.
No assurance that alternative listing on NYSE American can be obtained; liquidity and value of securities may be affected.

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

Athena Consumer Acquisition Corp. received a nyse deficiency notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: deficiency notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

January 30, 2023, Athena Consumer Acquisition Corp. (the “Company”) received notifications via phone calls from the staff of the New York Stock Exchange (the “NYSE”) that it has determined that the Company was not in compliance with the requirements of Section 802.01B of the NYSE Listed Company Manual (the “LCM”), which requires a listed acquisition company to maintain an average aggregate global market capitalization attributable to its publicly held shares (a “public float”) over a consecutive 30 trading day period of at least $40,000,000. The Company has had preliminary discussions with the

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Source: SEC EDGAR

accession 0001213900-23-006087

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