Trajectory Alpha Acquisition Corp. Receives Continued Listing Standard Notice from NYSE
19 Enero 2023 - 9:00PM
Business Wire
Trajectory Alpha Acquisition Corp. (NYSE:TCOA) (the “Company”)
today announced that on January 12, 2023 the Company was notified
by the New York Stock Exchange (the “NYSE”) that the Company is not
in compliance with the NYSE’s continued listing standard that
requires all listed companies to have a minimum of 300 public
stockholders on a continuous basis. The NYSE notification has no
impact on the Company’s business operations.
Under the NYSE’s rules, the Company has 45 days to present a
business plan to the NYSE that demonstrates how the Company intends
to cure the deficiency within 18 months of the date of the NYSE
notice. During this 18 month period, the Company’s Class A common
stock will continue to be traded on the NYSE, subject to the
Company’s compliance with other NYSE listing requirements.
The Company will respond to the NYSE to confirm its intent to
cure this noncompliance. The Company expects that upon completion
of its initial business combination it will have at least 300
public stockholders. The NYSE notification does not affect the
Company’s Securities and Exchange Commission reporting
requirements.
About Trajectory Alpha Acquisition Corp.
The Company is sponsored by Trajectory Alpha Sponsor LLC, and
the Company’s leadership team is led by Peter Bordes, Michael E.S.
Frankel and Paul Sethi, who together bring more than 80 years of
experience investing in and operating technology-enabled companies.
The Company is a blank check company incorporated as a Delaware
corporation for the purpose of effecting a merger, consolidation,
capital stock exchange, asset acquisition, share purchase,
reorganization or business combination with one or more businesses.
While the Company may pursue an initial business combination with
any company in any industry, the Company’s objective is to identify
and work with a disruptive, technology-driven business that
leverages its unique intellectual property and proprietary data to
develop a sustainable competitive advantage and, in turn, dislodge
slower moving incumbents in the target’s selected end markets.
Forward-Looking Statements
This press release may include, and oral statements made from
time to time by representatives of the Company may include,
“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. 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,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” and similar
expressions, as they relate to us or our 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 Securities and Exchange
Commission (“SEC”). All subsequent written or oral forward-looking
statements attributable to us or persons acting on our 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 registration statement and
prospectus for the Company’s initial public offering filed with the
SEC. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230119005952/en/
Trajectory Alpha Acquisition Corp. Peter Bordes
info@trajectorycapital.com
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