Berenson Acquisition I announced today that it will transfer the listing of its Class A stock from the New York Stock Exchange to nyse American. The company anticipates the stock will begin trading on NYSE American on March 13 under its current ticker symbol BACA. Shares will continue to trade under the same ticker symbol on the New York Stock Exchange until the transfer is complete.
Berenson last month disclosed its warrants now trade OTC after the instruments were delisted from the NYSE due to abnormally low price levels.
Berenson cancelled a shareholders meeting that had been scheduled the second week of February for a vote on a deadline extension. That vote had been postponed in December and again in January. The last announcement made no mention of what the SPAC's next move will be.
Berenson raised $275 million in an October 2021 IPO with plans to focus on businesses operating in the software and technology-enabled services industry. Read more.