NYSE Warns RCF Acquisition of Potential Delisting

RCF Acquisition said it was notified by the that the company is not in compliance with the continued listing standards that require it to maintain a minimum of 300 public stockholders. The SPAC has 45 days to submit a plan that would bring it into compliance by no later than Nov. 15. RCF said it would submit a plan.

The SPAC in November announced the transfer of sponsor management to Perception Capital Partners IV, a private and public investment firm and serial sponsor of .

Redemptions ahead of an extension vote last May left approximately $136.7 million in the SPAC's trust. RCF raised $200 million in a November 2021 to focus on businesses of scale across the critical minerals value chain. Read more.

Source: NYSE Warns RCF Acquisition of Potential Delisting