Cohn Robbins Holdings Corp. Receives Notice from the NYSE Regarding Immediate Suspension in Trading of Securities and Commencement of Delisting Proceedings
November 14 2022 - 4:54PM
On November 10, 2022, the New York Stock Exchange (“NYSE”) issued a
press release announcing that the staff of NYSE Regulation
determined to suspend trading immediately and commence proceedings
to delist the Class A ordinary shares, warrants and units
(collectively, the “Company Securities”) of Cohn Robbins Holdings
Corp. (the “Company”) because the Company is not in compliance with
the NYSE’s continued listing standard requiring a listed
acquisition company to maintain an average aggregate global market
capitalization attributable to its publicly-held shares over a
consecutive 30 trading day period of at least $40,000,000. On
November 10, 2022, the NYSE notified the Company in writing of the
determination to suspend trading and commence proceedings.
The Company has the right to a review of NYSE Regulation’s
determination by a Committee of the Board of Directors of the NYSE,
and the NYSE will apply to the SEC to delist the Company Securities
upon completion of all application procedures, including any appeal
by the Company of NYSE Regulation’s determination. The Company will
consider all of its options, including its option to pursue a
review, in responding to the NYSE notification.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements other than statements of historical fact
included in this press release are forward-looking statements. When
used in this press release, words such as “anticipate,” “believe,”
“estimate,” “expect,” “intend” and similar expressions, as they
relate to the Company or its management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the SEC. All subsequent
written or oral forward-looking statements attributable to the
Company or persons acting on its behalf are qualified in their
entirety by this paragraph. Forward-looking statements are subject
to numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s prospectus relating to the initial public offering
filed with the SEC. Copies of such filings are available on the
SEC’s website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact:
Adam Weiner, Arrowpath
Advisors212-596-7700contact@arrowpath.com
Source: Cohn Robbins Holdings Corp.
Cohn Robbins (NYSE:CRHC)
Historical Stock Chart
From Nov 2024 to Dec 2024
Cohn Robbins (NYSE:CRHC)
Historical Stock Chart
From Dec 2023 to Dec 2024