---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-015835"
form_type: "8-K"
ticker: null
cik: "0001835800"
company_name: "Pivotal Investment Corp III"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T18:48:46.085593+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pivotal Investment Corp III receives NYSE delisting notice; will appeal; securities to trade OTC

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-015835
- form_type: 8-K
- cik: 0001835800
- company_name: Pivotal Investment Corp III
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1835800/000121390023015835/0001213900-23-015835-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1835800/000121390023015835/ea174483-8k_pivotalinv3.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-015835
- JSON: https://secwatch.observer/filing/0001213900-23-015835.json
- Plain text: https://secwatch.observer/filing/0001213900-23-015835.txt

## Key facts
- Listing & Compliance Notices
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835800/000121390023015835/0001213900-23-015835-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.