NYSE American to Commence Delisting Proceedings Against Adit EdTech Acquisition Corp. (ADEX)
NEW YORK, January 02, 2024--(BUSINESS WIRE)--NYSE American LLC ("NYSE American" or the "Exchange") announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the three securities enumerated below ("Securities") of Adit EdTech Acquisition Corp. (the "Company") from NYSE American. Trading in the Company’s Securities will be suspended immediately.
Symbol | Description |
ADEX | Common Stock, par value $0.0001 per share |
ADEX U | Units, each consisting of one share of common stock and one-half of one redeemable warrant |
ADEX WS | Redeemable warrants, exercisable for shares of common stock at an exercise price of $11.50 per share |
NYSE Regulation reached its decision to delist the Company’s Securities pursuant to Section 119(f) of the NYSE American Company Guide because the Company consummated a business combination transaction without the required authorization from the Exchange.
The Company has a right to a review of NYSE Regulation staff’s determination to delist the Securities by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange. The NYSE American will apply to the Securities and Exchange Commission to delist the Company’s Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
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Contacts
Company Contact:
John D'Agostino
Chief Financial Officer
ir@aditedtech.com
646-374-8153
NYSE Contact:
NYSE Communications
PublicRelations-NYSE@ice.com
