secwatch.observer — SEC 8-K summary
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Issuer:     Pivotal Investment Corp III (—)
CIK:        0001835800
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001213900-23-015835
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835800/000121390023015835/0001213900-23-015835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835800/000121390023015835/ea174483-8k_pivotalinv3.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-015835

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