Fusion Acquisition Corp. II Receives Notice from the NYSE Regarding Immediate Suspension in Trading of Securities and Commencement of Delisting Proceedings
October 20 2023 - 4:05PM
On October 17, 2023, 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 shares of Class A common stock and units
(collectively, the “Company Securities”) of Fusion Acquisition
Corp. II (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 the
same day, 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 U.S. Securities and
Exchange Commission (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 Annual Report on Form 10-K for the
year ended December 31, 2021, filed with the SEC. Copies of such
report 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:
John JamesChief Executive Officer212-763-0169SOURCE: Fusion
Acquisition Corp. II
Fusion Acquisition Corp II (NYSE:FSNB)
Historical Stock Chart
From Dec 2024 to Jan 2025
Fusion Acquisition Corp II (NYSE:FSNB)
Historical Stock Chart
From Jan 2024 to Jan 2025