Horizon Acquisition Corporation II Transfers Listing to NYSE American LLC

Rhea-AI Summary

Horizon Acquisition Corporation II (NYSE: HZON) plans to transfer its listing from the New York Stock Exchange to NYSE American LLC, pending confirmation of meeting listing standards. This decision follows recent redemptions of its Class A ordinary shares linked to a vote extending the timeline for completing its initial business combination. The transfer is anticipated around November 29, 2022, allowing Horizon to continue filing periodic reports with the U.S. Securities and Exchange Commission.

Positive

• Transfer to NYSE American provides favorable thresholds for continued listing.
• Continued compliance with SEC reporting requirements post-transfer.

Negative

• Recent redemptions of Class A ordinary shares may indicate shareholder concerns.
• Pressure to complete the initial business combination could impact operational focus.

NEW YORK--(BUSINESS WIRE)-- Horizon Acquisition Corporation II (NYSE: HZON) (“Horizon”), a special purpose acquisition company, announced today that it expects to transfer its listing from The New York Stock Exchange to the NYSE American LLC (“NYSE American”), where it has been approved for listing subject to confirmation of its satisfaction of the NYSE American’s listing standards. Horizon’s decision to transfer to the NYSE American was motivated by several factors, including more favorable thresholds for continued listing on the NYSE American following recent redemptions of Horizon’s Class A ordinary shares in connection with the vote to extend the deadline by which Horizon must complete its initial business combination. Following the transfer, Horizon 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. Horizon anticipates the transfer to the NYSE American to occur on or about November 29, 2022.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221123005492/en/

For more information, please contact:

Horizon Acquisition Corporation II

Nadia Damouni

Prosek Partners

646.818.9217

ndamouni@prosek.com

Source: Horizon Acquisition Corporation II

FAQ

What is Horizon Acquisition Corporation II planning to do?

Horizon Acquisition Corporation II plans to transfer its listing from the New York Stock Exchange to NYSE American LLC.

Why is HZON transferring to NYSE American?

The transfer is motivated by more favorable thresholds for continued listing following recent redemptions of Class A ordinary shares.

When is the transfer to NYSE American expected to occur?

The transfer is anticipated to happen on or about November 29, 2022.

Will Horizon continue its SEC reporting after the transfer?

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