TortoiseEcofin Acquisition Corp. III Receives Delisting Notice from the New York Stock Exchange
23 Juli 2024 - 1:00AM
Business Wire
TortoiseEcofin Acquisition Corp. III (the “Company”) (NYSE:
TRTL) announced today that it received a letter from the New York
Stock Exchange (“NYSE”) stating that the staff of NYSE Regulation
has determined to commence proceedings to delist the Company’s
units, Class A ordinary shares and warrants (collectively, the
“Securities”) pursuant to Sections 802.01B and 102.06e. of the
NYSE’s Listed Company Manual because the Company failed to
consummate a business combination within the shorter of (i) three
years or (ii) the time period specified in the Company’s
constitutive documents or by contract. Trading in the Securities on
NYSE was suspended after market close on July 22, 2024.
As indicated in the letter, the Company has the right to request
that NYSE’s delisting determination be reviewed by a Committee of
the Board of Directors of NYSE, which the Company intends to
pursue.
The Company expects its Securities will be quoted on the OTC
markets on July 23, 2024, under the ticker symbols “TRTUF” for
units, “TRTLF” for Class A ordinary shares and “TRTWF” for
warrants. The delisting process does not affect the Company’s
business operations. The Company will remain listed on the NYSE
throughout the appeal proceedings and will remain a reporting
entity under the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), ensuring continued disclosure of financial and
operational information.
About TortoiseEcofin Acquisition Corp. III
TortoiseEcofin Acquisition Corp. III, a Cayman Islands exempted
company, was formed for the purpose of effecting a merger,
amalgamation, share exchange, asset acquisition, share purchase,
reorganization or similar business combination.
Forward-Looking Statements
This press release contains certain forward-looking statements
that express the Company’s opinions, expectations, beliefs, plans,
objectives, assumptions or projections regarding future events or
future results and therefore are, or may be deemed to be,
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Exchange Act. These forward-looking statements can generally be
identified by the use of forward-looking terminology, including the
terms "believes," "estimates," "anticipates," "expects," "seeks,"
"projects," "intends," "plans," "may," "will" or "should" or, in
each case, their negative or other variations or comparable
terminology. These forward-looking statements include all matters
that are not historical facts. They appear in a number of places
throughout this press release and include statements regarding the
Company’s intentions, beliefs or current expectations concerning
the Company’s performance, business and future events. Such
forward-looking statements are based on management’s expectations,
beliefs and forecasts concerning future events impacting the
Company. You are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, as well as assumptions, which, if they were to ever
materialize or prove incorrect, could cause actual results to
differ materially from the from the plans, objectives,
expectations, estimates and intentions expressed or implied by such
forward-looking statements. The forward-looking statements made in
this press release speak only as of the date hereof and the Company
disclaims any obligation, except as required by law, to provide
updates, revisions or amendments to any forward-looking statements
to reflect changes in the Company’s expectations or future
events.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240722959245/en/
TortoiseEcofin Acquisition Corp. III 195 US HWY 50, Suite 309
Zephyr Cove, NV 89448 Attn: Vincent T. Cubbage, Chief Executive
Officer Tel: (239) 288-2275
TortoiseEcofin Acquisiti... (NYSE:TRTL)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
TortoiseEcofin Acquisiti... (NYSE:TRTL)
Historical Stock Chart
Von Dez 2023 bis Dez 2024