- Ross Acquisition Corp II (NYSE:ROSS), a special purpose acquisition company, Monday announced that the New York Stock Exchange notified the company that it plans to suspend trading of the company’s Class A ordinary shares, public warrants and public units before market open today and commence delisting proceedings with respect to such securities.
- The NYSE determined to take these actions because Sections 102.06e and 802.01B of the NYSE’s Listed Company Manual do not permit a special purpose acquisition company to remain listed for more than three years after the company’s initial public offering without completing an initial business combination.
- The company did not complete an initial business combination before March 16, which was the three-year anniversary of its initial public offering.
- Source: Press Release
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