BlueRiver Acquisition Corp. to Transfer Listing To NYSE American

Rhea-AI Summary

BlueRiver Acquisition Corp. (NYSE: BLUA) announced plans to transfer its listing from the New York Stock Exchange to NYSE American LLC. This transition follows confirmation received on March 7, 2023, allowing BlueRiver to file for an initial listing application with NYSE American. The anticipated transfer date is March 14, 2023. The shift aims to ensure the continued listing of BlueRiver's securities, particularly after recent redemptions of Class A common stock related to extending the deadline for its initial business combination. BlueRiver will maintain its current reporting with the U.S. Securities and Exchange Commission.

Positive

• None.

Negative

• Transfer to NYSE American indicates challenges faced on NYSE.
• Redemptions of Class A common stock may signal investor concerns.

NEW YORK--(BUSINESS WIRE)-- BlueRiver Acquisition Corp. (NYSE: BLUA) (“BlueRiver”), announced today that it intends 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 has been cleared to file an initial listing application with the NYSE American on March 7, 2023.

In connection with the transfer, BlueRiver will voluntarily delist from the New York Stock Exchange, and anticipates the transfer to the NYSE American to occur on or about March 14, 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 common stock 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/20230309005859/en/

John Gregg

admin@blueriverspac.com

Source: BlueRiver Acquisition Corp.

FAQ

What is BlueRiver Acquisition Corp.'s recent plan regarding its stock listing?

BlueRiver intends to transfer its listing from the New York Stock Exchange to NYSE American LLC.

When will BlueRiver's transfer to NYSE American take place?

The transfer is anticipated to occur on or about March 14, 2023.

Why is BlueRiver transferring to NYSE American?

The transfer is aimed at ensuring the continued listing of its securities following recent redemptions of Class A common stock.

What confirmation did BlueRiver receive regarding its listing?

BlueRiver received written confirmation on March 7, 2023, to file an initial listing application with NYSE American.

Will BlueRiver continue its financial reporting after the transfer?

Yes, BlueRiver intends to continue filing the same types of periodic reports with the U.S. Securities and Exchange Commission.