NYSE to Commence Delisting Proceedings Against Enphys Acquisition Corp. (NFYS)
24 Julio 2024 - 3:30PM
Business Wire
The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced
today that the staff of NYSE Regulation has determined to commence
proceedings to delist the three securities enumerated below
(“Securities”) of Enphys Acquisition Corp. (the “Company”) from the
NYSE. Trading in the Company’s Securities will be suspended
immediately.
Symbol
Description
NFYS
Class A ordinary shares, par value $0.0001
per share
NFYS.U
Units, each consisting of one Class A
ordinary share and one-half of one redeemable warrant
NFYS.WS
Redeemable warrants, each whole warrant
exercisable for one share of Class A ordinary shares at an exercise
price of $11.50
NYSE Regulation reached its decision to delist the Company’s
Securities pursuant to Section 802.01B of the NYSE’s Listed Company
Manual because the Company had fallen below 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.
The Company has a right to a review of this determination by a
Committee of the Board of Directors of the Exchange. The NYSE 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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Company Contacts: Investor
Relations ir@enphys.com
NYSE Contact: NYSE
Communications PublicRelations-NYSE@ice.com