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NYSE to Suspend Trading Immediately in Warrants of Ascendant Digital Acquisition Corp. III (ACDI WS) and Commence Delisting Proceedings

PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.
December 23, 2022 GMT

NEW YORK--(BUSINESS WIRE)--Dec 23, 2022--

The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants of Ascendant Digital Acquisition Corp. III (the “Company”), each whole warrant exercisable for one Class A ordinary share — ticker symbol ACDI WS — from the NYSE. Trading in the Company’s warrants will be suspended immediately. Trading in the Company’s Class A ordinary shares — ticker symbol ACDI — and units — ticker symbol ACDI.U — will continue on the NYSE.

NYSE Regulation has determined that the Company’s warrants are no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the Listed Company Manual.

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 warrants upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20221223005230/en/

CONTACT: Company Contact:

Investor Contact:

ACDI@gatewayir.com

Cody Slach

Gateway IR

(949) 574-3860Company Contact:

info@ascendant.gamesNYSE Contact:

NYSE Communications

PublicRelations-NYSE@ice.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: NYSE Regulation

Copyright Business Wire 2022.

PUB: 12/23/2022 04:37 PM/DISC: 12/23/2022 04:37 PM

http://www.businesswire.com/news/home/20221223005230/en