Fortress Value Acquisition Says NYSE To Suspend Trading Immediately In Co.'s Warrants, Commence Delisting Proceedings
$FVIV
Consumer Electronics/Appliances
Industrials
-Reuters
-Reuters
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4 - Fortress Value Acquisition Corp. IV (0001828183) (Issuer)
4 - Fortress Value Acquisition Corp. IV (0001828183) (Issuer)
4 - Fortress Value Acquisition Corp. IV (0001828183) (Issuer)
15-12G - Fortress Value Acquisition Corp. IV (0001828183) (Filer)
25-NSE - Fortress Value Acquisition Corp. IV (0001828183) (Subject)
8-K - Fortress Value Acquisition Corp. IV (0001828183) (Filer)
SC 13G/A - Fortress Value Acquisition Corp. IV (0001828183) (Subject)
SC 13G/A - Fortress Value Acquisition Corp. IV (0001828183) (Subject)
SC 13G/A - Fortress Value Acquisition Corp. IV (0001828183) (Subject)
Fortress Value Acquisition Corp. IV (NYSE:FVIV, or the "Company"))), a special purpose acquisition company ("SPAC"), announced that the Company and its sponsor, Fortress Value Acquisition Sponsor IV LLC (the "Sponsor"), are seeking approval of the Company's shareholders to redeem its outstanding Class A common stock (the "Public Shares") for cash held in its trust account prior to December 31, 2022. FVIV expires by its terms on March 18, 2023 (the "24-Month Deadline"). The Company believes that consummation of a suitable merger is highly improbable, and because redemptions made after December 31, 2022 may be subject to a 1% excise tax included as part of the Inflation Reduction Act of 2022,
Digital World Acquisition Corp (NASDAQ:DWAC) shares plunged 20.1% on Wednesday morning after Republican candidates endorsed by President Donald Trump performed poorly in Tuesday's midterm elections. Digital World shares are now down 56.8% overall year-to-date, and short sellers are betting aggressively on more downside ahead. The Numbers: As a whole, SPACs currently have $506 million in total short interest. S3 Partners analyst Ihor Dusaniwsky said Tuesday that SPAC short interest has increased by $10 million in the past 30 days, led by a surge in short interest for Freedom Acquisition I Corp (NYSE:FACT). Related Link: Occidental Petroleum Is The Most Shorted Stock In The Energy Sector: H
-Reuters