Heartland Media Acquisition received notice from the nyse that the SPAC is not in compliance with the requirement to maintain a minimum of 300 public stockholders on a continuous basis. The SPAC intends to submit a plan to regain compliance.
Until then, the company's stock, warrants, and units will bear the indicator “.BC” on the consolidated tape to indicate noncompliance with the NYSE's standards.
Heartland Media raised $175 million a year ago to focus on businesses in the media, entertainment and sports sectors. Read more.
Source: NYSE Says Heartland Media Acquisition Not in Compliance