jaws mustang acquisition announced today that it will transfer its listing to the NYSE American where it has been approved to list. JWSM will voluntarily delist from The New York Stock Exchange.
JWSM's decision to transfer to the NYSE American was motivated by several factors, including more favorable thresholds for a continued listing. The SPAC anticipates the transfer to the NYSE American to occur by March 14.
The SPAC in January disclosed that nearly 102 million shares were redeemed ahead of a shareholder vote on a deadline extension — out of about 103.5 million shares outstanding. Jaws Mustang raised $900 million in a February 2021 ipo. Read more.
Source: JAWS Mustang Acquisition Steps Down to NYSE American Listing Following Massive Redemptions