BlueRiver Acquisition Corp. to Complete Transfer of Listing To NYSE American

Rhea-AI Summary

BlueRiver Acquisition Corp. (NYSE: BLUA) has received final approval to transfer its listing from the New York Stock Exchange (NYSE) to NYSE American LLC. The delisting from NYSE is voluntary and effective on or about March 24, 2023. This strategic move allows BlueRiver to continue its listing after recent redemptions of its Class A ordinary shares, linked to a vote to extend the deadline for completing its initial business combination. Despite the transfer, BlueRiver will maintain its regulatory reporting obligations with the U.S. Securities and Exchange Commission.

Positive

• Successful approval for transfer to NYSE American enhances listing security post-redemptions.
• Continued compliance with SEC reporting maintains transparency and regulatory adherence.

Negative

• Voluntary delisting from NYSE may indicate underlying challenges impacting investor confidence.

NEW YORK--(BUSINESS WIRE)-- BlueRiver Acquisition Corp. (NYSE: BLUA) (“BlueRiver”), announced today that it was authorized to transfer its listing from the New York Stock Exchange (the “NYSE”) to the NYSE American LLC (the “NYSE American”). BlueRiver received written confirmation that it received the final approval for listing from the staff of NYSE American on March 21, 2023.

In connection with the transfer, BlueRiver will voluntarily delist from the New York Stock Exchange, and expects to begin trading on the NYSE American on or about March 24, 2023. BlueRiver’s decision to transfer to the NYSE American was made to permit the continued listing of its securities following recent redemptions of BlueRiver’s Class A ordinary shares in connection with the vote to extend the deadline by which BlueRiver must complete its initial business combination. Following the transfer to the NYSE American, BlueRiver intends to continue to file the same types of periodic reports and other information it currently files with the U.S. Securities and Exchange Commission.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside BlueRiver’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230321005768/en/

John Gregg

admin@blueriverspac.com

Source: BlueRiver Acquisition Corp.

FAQ

What is BlueRiver Acquisition Corp.'s stock symbol?

BlueRiver Acquisition Corp.'s stock symbol is BLUA.

When will BlueRiver begin trading on NYSE American?

BlueRiver is expected to begin trading on NYSE American on or about March 24, 2023.

Why is BlueRiver transferring to NYSE American?

BlueRiver is transferring to NYSE American to maintain its listing following recent redemptions of Class A ordinary shares.

What does the transfer to NYSE American mean for BlueRiver's investors?

The transfer aims to enhance listing stability and allows BlueRiver to continue its business combination efforts.

What regulatory obligations will BlueRiver maintain after the transfer?

BlueRiver will continue to file the same periodic reports and information with the U.S. Securities and Exchange Commission.