NYSE to Commence Delisting Proceedings Against Zalatoris Acquisition Corp. (TCOA)
19 Agosto 2024 - 3:15PM
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 Zalatoris Acquisition Corp. (the “Company”) from
the NYSE. NYSE Regulation reached its decision to delist the
Company’s Securities pursuant to Section 802.02 of the NYSE Listed
Company Manual because the Company was unable to demonstrate that
it had regained compliance with the requirement to maintain a
minimum of 300 public stockholders as required by Section 802.01B
of the NYSE Listed Company Manual by the end of the maximum
18-month compliance plan period.
Symbol
Description
TCOA
Class A Common Stock, $0.0001 par value
per share
TCOA.U
Units, each consisting of one share of
Class A Common Stock and one Redeemable Warrant
TCOA WS
Redeemable Warrants, each warrant
exercisable for one share of Class A Common Stock at an exercise
price of $11.50 per share
The Company has a right to a review of this determination by a
Committee of the Board of Directors of the Exchange (the
“Committee”). The NYSE will announce a suspension date at such time
as i) the Company does not request a review by the Committee within
10 business days of this notice, ii) the Company determines that it
does not intend to appeal, iii) the subsequent review of the
Committee determines that the Company should be suspended, or iv)
there are other material developments. After the suspension
announcement, the NYSE would then apply to the Securities and
Exchange Commission to delist the Company’s Securities.
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Company Contacts: Investor
Relations & Media Contacts: Email: pr@zalatorisac.com Number:
+1 (917) 675-3106
NYSE Contact: NYSE
Communications PublicRelations-NYSE@ice.com