FinTech Evolution Acquisition Group filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On December 23, 2022, the New York Stock Exchange (the “NYSE”) notified FinTech Evolution Acquisition Group (the “Company”), and publicly announced, that the NYSE determined to commence proceedings to delist the Company’s warrants, each whole warrant exercisable to purchase one Class A ordinary share, par value $0.0001 per share (the “Class A Shares”), at a price of $11.50 per share, and listed to trade on the NYSE under the symbol “FTEV WS” (the “Warrants”), from the NYSE and that trading in the Warrants would be suspended immediately, due to “abnormally low” trading price levels pursuant to Section 802.01D of the NYSE Listed Company Manual.
The Company had a right to a review of this determination by a Committee of the Board of Directors of the NYSE. The NYSE applied to the Securities and Exchange Commission to delist the Warrants upon completion of all applicable procedures, including any appeal by the Company of the NYSE’s decision. The Company did not appeal the determination.
Trading in the Warrants on the NYSE was suspended immediately. Trading in the Company’s Class A Shares and units will continue on the NYSE.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FINTECH EVOLUTION ACQUISITION GROUP | |||
| By: | /s/ Rohit Bhagat | ||
| Name: | Rohit Bhagat | ||
| Title: | Chief Executive Officer | ||
| Dated: February 2, 2023 | |||
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