Pivotal Investment Corp III: Nasdaq/NYSE listing notice — Pivotal Investment Corp III receives NYSE delisting notice; will appeal; securities to trade OTC

Pivotal Investment Corp III

NYSE Regulation commenced proceedings to delist PICC common stock and units due to market cap below $40M threshold.
Company intends to appeal the delisting determination to a NYSE committee.
Trading suspended on NYSE after Feb 28 close; effective March 1, securities trade OTC under PICC and PICCU.
Delisting under Section 802.01B for failure to maintain average aggregate global market cap of publicly-held shares over 30 days.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

Pivotal Investment Corp III received a nyse delisting notice notice regarding market value (rules 802.01B).

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

Exact text from the filing

February 28, 2023, Pivotal Investment Corporation III (the “ Company”) received a written notice (the “ Notice”) from the staff of NYSE Regulation (the “ Staff” ) of the New York Stock Exchange (“ NYSE”) indicating that the Staff has determined to commence proceedings to delist the Company’s Class A Common Stock and units, each consisting of one share of Class A Common Stock and one-fifth of one redeemable warrant (the “ Units ”), each warrant exercisable for one share of Class A Common Stock of the Company (the “ Warrants” ), from the NYSE pursuant to Section 802.01B of the NYSE’s Listed Comp

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001213900-23-015835

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.