Parabellum Acquisition Corp. Announces Receipt Of Letter From NYSE Regulation Regarding Low Selling Price Of Its Warrants

Parabellum Acquisition Corp., a special purpose acquisition company (the “Company”, “Parabellum”) announced today that on October 31, 2022 it had received a letter (the “Letter”) from the NYSE Regulation indicating that NYSE Regulation has determined to commence proceedings to delist the Company’s warrants from the NYSE exchange and that trading in the warrants would be suspended immediately. Specifically, NYSE Regulation noted in the Letter that the warrants are no longer suitable for listing based on low selling price levels, pursuant to Section 802.01D of the NYSE Listed Company Manual. The Company currently intends to appeal the NYSE Regulation’s determination to delist the warrants.