RMG Acquisition Corp. III Announces Delisting from Nasdaq
22 April 2024 - 2:29PM
Business Wire
RMG Acquisition Corp. III (the “Company”) issued a press release
on April 19, 2024 announcing that the Company was in the process of
appealing the previously-reported delisting determination and that
the Company expected its securities would remain listed on The
Nasdaq Capital Market during the appeals process.
On April 19, 2024, the Company was notified by Nasdaq that it
would not grant the Company an appeal and therefore the Company’s
securities would be suspended at the close of business on April 22,
2024 and thereafter delisted.
The Company will seek to list its securities on a market
operated by OTC Markets Group Inc. so that a trading market may
continue to exist for such securities. The Company intends to apply
for re-listing on The Nasdaq Capital Market or another national
securities exchange in connection with a business combination.
As of the date of this press release, the Company has not
received approval from OTC Markets Group Inc., The Nasdaq Capital
Market or any other stock exchange for such listing or re-listing,
and there can be no assurance that the Company will obtain such
approval.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are based on the Company’s current expectations and are
subject to numerous conditions, risks and uncertainties, which
could cause actual results to differ materially from those
reflected in the statements, many of which are beyond the control
of the Company, including those set forth in the Risk Factors
section of the Company’s Annual Report on Form 10-K for the year
ended December 31, 2022, filed with the SEC on April 18, 2023, and
the Company’s quarterly reports on Form 10-Q filed with the SEC,
each available on the SEC’s website, www.sec.gov. Investors are
cautioned that any forward-looking statements are not guarantees of
future performance and actual results or developments may differ
materially from the projections in the forward-looking statements.
The Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240422615412/en/
INVESTOR: Philip Kassin President & Chief Operating
Officer pkassin@rmginvestments.com +1 (786) 359-4103
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