Williams Rowland Acquisition Corp.: Nasdaq/NYSE listing notice — NYSE halts trading in WRAC securities due to failure to meet $40M public float requirement

Williams Rowland Acquisition Corp.

Trading halted at close on Feb 7, 2023 for failing NYSE Section 802.01B public float minimum of $40M over 30 days.
Company evaluating possible transition to NYSE American; no assurance of approval.
Halt and potential listing change could affect liquidity and value of securities.

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

Williams Rowland 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

February 7, 2023, the trading in the securities of Williams Rowland Acquisition Corp. (the “Company”) was halted at the close of the market by the New York Stock Exchange (the “NYSE”) due to the Company’s inability to meet the requirements of Section 802.01B of the NYSE’s Listed Company Manual. That Section 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 is currently evaluating possible alternatives in ligh

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Source: SEC EDGAR

accession 0001213900-23-009157

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