Learn CW Investment Corporation Receives Noncompliance Notification from the New York Stock Exchange Due to Failure to Maintain a Minimum of 300 Public Stockholders on a Continuous Basis
20 Gennaio 2023 - 1:30PM
Business Wire
Learn CW Investment Corporation (the “Company”) announced it had
received a notification dated January 13, 2023 from the New York
Stock Exchange (the “NYSE”) informing the Company that, because the
number of public stockholders is less than 300, the Company is not
in compliance with Section 802.01B of the NYSE Listed Company
Manual (the “Listing Rule”). The Listing Rule requires the Company
to maintain a minimum of 300 public stockholders on a continuous
basis. The NYSE notification letter specifies that the Company has
45 days (the “Compliance Plan Due Date”) to submit a plan that
demonstrates how the Company expects to return to compliance with
the Listing Rule within 18 months of receipt of the notice. The
plan will be reviewed by the Listings Operations Committee (the
“Committee”) of the NYSE. The Committee will either accept the
plan, at which time the Company will be subject to quarterly
monitoring for compliance with this plan, or the Committee will not
accept the plan and the Company will be subject to suspension and
delisting procedures.
The Company intends to submit a plan by the Compliance Plan Due
Date.
About the Company
Learn CW Investment Corporation is a blank check company formed
as a Cayman Islands exempted company for the purpose of effecting a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses.
Forward-Looking Statements
This press release may include “forward-looking statements,”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements are subject to numerous
conditions, risks and changes in circumstances, many of which are
beyond the control of the Company, including those set forth in the
“Risk Factors” section of the Company’s registration statement, as
amended from time to time, and the prospectus relating to the
Company’s initial public offering filed with the SEC. Such
forward-looking statements include the separate trading of the
Company’s Class A ordinary shares and redeemable warrants. The
Company expressly disclaims any obligations or undertakings to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company’s
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
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Learn CW Investment Corporation
Charlotte Jerbic Info@LearnCWInvestmentCorp.com
+1-424-324-2990
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